AddThis Social Bookmark Button

AVT, Inc. News

AVT's New RAM 5000 Dispensing Centers to Significantly Increase Company Revenues; Backlog in Demand for the Unique Product

CORONA, Calif., May 20 PRNewswire-FirstCall — AVT, Inc. (formerly Automated Vending Technologies), Pink Sheets: AVTC, today announced that the first production shipment of its RAM 5000 dispensing center is now in transit from its overseas OEM factory.

The announcement follows a visit to the factory by James Winsor, AVT's Director of Engineering and Manufacturing, who confirmed the first production units completed all final quality assurance and testing requirements and were being prepared for shipment to AVT's facility in Corona for distribution. "Based on feedback from the recent NAMA trade show, we are confident that the distributors, operators and end-users will be well pleased with our newly designed product with its advanced high-tech features," said Jake Caulfield, AVT's Vice President of New Product Development.

"Our product is so popular, based on the demand from the NAMA show earlier this year, that this shipment will not meet the complete demand. That's a good kind of problem to have," said Tommy Buzbee, AVT's National Sales Vice President. The RAM 5000 systems with remotely programmable digital signage capabilities are especially in demand and will significantly increase AVT revenues in 2008. The state-of-the-art dispensing centers include an option to add a LCD Screen Display allowing for advertising of products in the dispensing center which can potentially double a location's gross revenue.

"We will also need to increase our next quarter shipments from our OEM manufacturer to meet the demands in the marketplace for the balance of the 2008 calendar year. This increase in RAM 5000 sales will also increase the number of systems that are part of our unique AVTi Media network," Mr. Buzbee concluded, which in-turn will add to AVT's net bottom line.

AVT, Inc. (Pink Sheets: AVTC) 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.

Forward-Looking Statements

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.

Contact: AVT, Inc. Tommy Buzbee (National Sales Vice President) 951-737-1057

SOURCE AVT, Inc.

Send this news item to a friend.

Print This Page

Search Our News Using Google Search

Can't find what you want? Try using Google:

Google