CORONA, Calif., June 10, 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 received an updated recommendation from IPODesktop.com, one of the world’s most respected sites for stock analysis.
The report stated that AVT’s top line revenue has grown on average 45% per year for the past five years, and continues to increase for the fiscal year ending December 31, 2012.
“AVT is in a fast-growing industry,” the report stated. “Frost and Sullivan research documented that the automated retailing sector is growing at a 49% compound annual growth rate (CAGR).”
“AVT has positioned itself for growth,” James Winsor, CEO of AVT commented. “Our goal is to reach $100 million a year in revenues, so we are carefully acquiring companies and technologies, while placing our own systems into the market.”
The report also stated that AVT’s patent is an “Industry Game Changer.”
“AVT’s patent is expected to generate an entirely new, very strong recurring royalty income stream. Industry players will be required to pay AVT royalties on its broad patent, which covers 19 uses, and was re-affirmed ‘valid and enforceable’ by the US Patent Office as of May 6, 2013.”
Francis Gaskins, Editor-in-Chief at IPODesktop.com, is one of Wall Street’s best known analysts, and regularly appears on financial programs such as Bloomberg News, Fox News, and CNBC; and in publications including the Wall Street Journal, USA TODAY, and Investors Business Daily. IPODesktop.com was also recently named a “Forbes Best IPO Site.”
Gaskins has a degree in Economics from Princeton University, and a Masters in Finance from Harvard Business School.
Regarding AVTC’s future, Gaskins noted, “AVT funded all of its technology and patent development internally. This reinvestment in the company will help position AVT for even stronger growth in the future.”
For more information on AVT, visit their website at: www.autoretail.com, or call 800-240-5175.
To view the IPODesktop report, visit: http://gaskinsco.com/avtc-short-June.pdf
To listen to Francis Gaskin’s interview with Shannon Illingworth (Dec, 2012), visit: http://gaskinsco.com/avtc-12-19-12.mp3
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
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SOURCE AVT, Inc.