CORONA, Calif., Feb. 6, 2012 /PRNewswire/ -- AVT, Inc. (Ticker: AVTC) (www.autoretail.com) was named to the International Business Times List of Top 1000 World's Fastest Growing Companies.
The list was compiled by the Editors of the Times, who state that the companies selected are "a reflection of the engines driving the world's economic growth."
AVT ranked in the top echelon of all of the companies to make the list, placing at number 117. In other words, according to the International Business Times, there are only 116 companies in the world that are growing faster than AVT – and most of those are located in Asia.
The list indicated that AVT had a growth rate of 46.662%, and revenues that have more than tripled since 2008.
AVT Company Founder Shannon Illingworth attributes the company's growth to several factors. "We invested heavily in research and development, which resulted in several patents either pending or awarded, and now are in full production with our technologically superior systems."
Illingworth also stated that because AVT has an in-house team of software engineers, mechanical engineers, designers and technicians, they can move a project from concept to completion without the large development costs that others charge. "We are uniquely positioned to help brand owners and retailers enter into automated retailing, and can cost-effectively develop a system solution to meet virtually any set of goals and parameters."
For more information on AVT and their many Automated Retailing solutions, please call 877.424.3663 or visit the website at www.autoretail.com.
AVT, Inc. is a leading developer of automated and self-service retailing systems. AVT is able to work with any size company to design a custom automated retailing solution that drives traffic, increases sales, improves security, and lowers overhead. With an in-house design team, software developers, mechanical engineers and on-site manufacturing, AVT can take projects from concept to completion with speed, economy and ingenuity.
AVT's stock is traded through the OTC Markets, Ticker Symbol: AVTC:PK
For more information on AVT or the Automated Retailing Industry, visit www.autoretail.com.
SOURCE AVT, Inc.