CORONA, Calif., May 14, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a technology leader in developing automated retailing systems, customized kiosks and micro-stores, announced that they have been recommended in a story on the automated retailing industry in Seeking Alpha.
The article discussed the new Rug Doctor Automated Centers in Walmart stores, which allow customers to rent, checkout and return a carpet-cleaning unit, and not have to wait for or flag down a store employee for assistance.
"Today, you can walk right up to the automated system that are inside many Walmart stores, insert your credit card, and within seconds, a door magically opens and the system is available for you to take. No lines, no fuss, no waiting," the story stated.
AVT is the developer and manufacturer of these innovative Rug Doctor Rental Centers.
"AVT is one of the leaders in designing and manufacturing automated retailing systems of all kinds. This is the company that not only figured out how to automate the carpet-cleaning rental process, but has also given the world incredible new systems that include automated prescription medicine dispensing, Mountain Dew plastic bottle recycling centers, the Kardashian sisters' cosmetics store, the now world-famous Beverly Hills cupcake and caviar systems, and the Blue Rhino automated propane tank exchange centers, just to name a few," the article stated.
According to Seeking Alpha, the two leaders in the automated retailing industry are Coinstar (CSTR) and AVT, but contend that Coinstar – who owns the Redbox systems and is selling at around $55 a share has most of it's growth behind it, while AVT at a few bucks a share "could be the next Coinstar."
Seeking Alpha also stated that AVT's patented technology could be a "game changer" in the industry, as "it covers a basic technology that most of the industry already uses or needs to use," and compared AVT's recent growth to "Winning the Super Bowl and the World Series combined."
To view the Seeking Alpha article, visit: http://seekingalpha.com/instablog/10797661-themoneyjournal/1850991-the-majors-are-lining-up-for-automated-retailing
For more information on AVT, visit the website at: www.autoretail.com, or call 800-240-5175.
About AVT, Inc:
AVT is a leading developer of customized automated retailing systems, Micro-Stores, and self-service solutions. Divisions include design, manufacturing, software engineering, leasing, media, and technology licensing. 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. AVT is uniquely qualified to take projects from concept to completion with speed, economy and ingenuity. For more information, visit: www.Autoretail.com
AVT's stock is traded through the OTC Markets, Ticker Symbol: AVTC
Forward-Looking Statements: The statements in this press release constitute forward-looking statements within the meaning of federal securities laws. Such statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, such forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Potential risks and uncertainties include, but are not limited to, technical advances in the industry, economic conditions, and the company's ability to execute on its business plans. We do not take any obligation to update any forward-looking statement to reflect events or developments after a forward-looking statement was made.
SOURCE AVT, Inc.