AVT, Inc. (OTC: AVTC) Monster in the Making!
AVTC is making big gains!
AVT, Inc. (OTC: AVTC) exploded in the beginning of December from a start point of around $1 to highs of $6.49. After some healthy consolidation in the $4 range the stock is on fire again and rightly so. AVTC has every reason to go higher and the move comes due to real Company developments and not hype and hot air as is so common on this exchange.
AVT, Inc. is a leader in the fast growing automated retailing industry; basically they make custom built vending machines. The Company is growing at an incredible rate and is on track to do $14 million in revenues for 2012 making them the 3rd fastest growing Company in the state of California.
The Company was recently featured in an ABC news story on the exploding automated retailing sector. The ABC News spot began by focusing on the different products that consumers are now buying from vending machines including everything from cupcakes to caviar. AVTC is quickly becoming a leader in developing customized automated solutions. All AVT solutions give customers choice and convenience when purchasing a product.
On December 17 AVTC released revised financial forcasts predicting annual revenues of $50 million by 2014. The move came after the recent new orders from large customers exceeded expectations. The company's planned expansion into new markets, products and services is moving ahead of schedule.
The revised financial forecast shows over $12 million in increased revenues for year-end 2013, from $14 million projected for 2012, up to $26 million in 2013, growing up to $50 million by year-end 2014. Income is also expected to make substantial gains – up to $9 million in 2013 and $13 million in 2014.
AVT, Inc. was founded by Shannon Illingworth an ex NFL player for the Los Angeles Rams. Over the past ten years, Mr. Illingworth has been the driving force behind the development of the Company.
Conclusion: Currently trading at a market valuation in access of $50 million AVTC has recently been featured on National News and is recognized as the 3rd fastest growing Company in California. The Company's financial statements read more like a Nasdaq stock than a BB considering the big numbers AVTC is doing. While the stock has already moved 400% over the past several trading sessions the loyal shareholder base believes it goes way higher. AVTC is a stock to watch here.
AVT, Inc.
James Winsor
Shannon Illingworth
autoretail.com
STOCK INFORMATION
SYMBOL: OTC: AVTC
Shares Outstanding: 11,364,708
Market Cap: $50,118,362
AVT, Inc. (OTC: AVTC) was originally incorporated under the laws of the State of Delaware on February 26, 1969, as Infodex, Inc., the Company was renamed to Midwest Venture Group, Inc. in March 2005. The Company then changed its name to Automated Vending Technologies, Inc. in September 2005 to better reflect their primary operations as a machine manufacturer as well as vending route distribution.
In January, 2008, the Company changed its state of domicile to Nevada, at that time they became AVT, Inc. Due to the growth of AVT’s technology foundation base, their hardware, software products, business and overall success relies on both innovative and creative designs. These systems include solutions for wireless management of remote vending, method for controlling vending machines and custom systems.
