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AVT, Inc. Patent Application Published |
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- New Analyst Report Puts Price Per Share in $1.50 Range |
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CORONA, Calif., July 28 /PRNewswire-FirstCall/ -- AVT, Inc. (formerly Automated Vending Technologies), (Pink Sheets: AVTC - News) today announced that a new research report by IPOdesktop.com and analyst Francis Gaskins concludes that the company has a potential market capitalization of $34 million, or a price per share in the $1.50 range. |
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The report places a value of $15 million on AVT's current patent-pending intellectual property portfolio which, the report said, will help the company "create a leadership, defining role in the high tech product dispensing market." The IPOdesktop.com report said it believes that the current market valuation does not fully account for advances made in AVT's intellectual property portfolio. |
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"The self service retailing market is forecast to grow exponentially," the report said. "In the emerging automated retailing market for 'product dispensing' solutions, we believe AVT is a low price, high quality leader, offering technology solutions at 50 percent less than the best known competitors." |
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The report also states that AVT has been notified by the U.S. Patent Office on the publication of the patent application for "System and Method for Interactive Advertising." |
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"Using a portfolio of unique, proprietary intellectual property, AVT is creating a new industry," said James Winsor, CEO. "From gas station pumps to electronic billboards, consumers are now used to seeing digital signage. AVT's intellectual property portfolio enables the digital signage to become truly interactive at the local, product dispensing level." |
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"Our patent-pending technology enables product dispensing machines to become interactive 'hot spots' that consumers can access by cell phone texting and consumers can be instantly rewarded with discounts or promotions. Large, branded consumer product companies can increase sales and profits by implementing customized, targeted advertising campaigns at the point of service," Mr. Winsor explains. |
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"This is why we believe AVT's portfolio of patent-pending intellectual property provides a core enterprise value that we expect to increase as corporate objectives are achieved," Mr. Gaskins said. |
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Analyst report link aa-avtc.shtml |
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Twitter link - follow AVTC http://twitter.com/AutomatedStores |
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ABOUT AVT: |
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AVT, Inc. (Pink Sheets: AVTC - News) is a vending solutions provider based in Corona, California that has developed several significant vending machine technologies that yield a more efficient and reliable yet technically advanced system. This advanced technology provides methods for cashless payment, credit card and debit card use, dynamic advertising with remote tracking and inventory management. AVT has grown privately for five years and has a strong balance sheet with current revenues, inventory and assets. AVT currently serves more than 300 government and commercial vending accounts in Southern California. |
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Forward-Looking Statements |
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Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's partners that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release. |
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Contact: |
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AVT, Inc. |
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James Winsor |
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951-737-1057 |