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AVT, Inc. (AVTC.PK)
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SUMMARY
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Research, Report & Profiling Services
by IPOdesktop.com
AVT, Inc. (AVTC.PK)
Stock symbol: AVTC.PK…………….....…………………Common shares: 12/30/10: 3.6mm |
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Stock price 3/7/11: $7.95….….…………..…..…………….…………..Float 520,000mm (est) |
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52-week price range: $ 5.55 – 15.50.…..… ..……….Equity market capitalization: $28.6mm |
Recent News…..Stock Price…..Chart…..SEC Filings
Twitter -- http://twitter.com/AutomatedStores
Blog -- http://automatedstores.blogspot.com/ |
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AVTC on NBC 4, Los Angeles, March 29, 2011 |
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Video, audio, article in "The Press-Enterprise" |
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AVTC Featured on Fox Business News, November 9 |
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NEW NEWS |
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. AVTC on NBC 4, Los Angeles, March 29, 2011
Featured in Los Angeles Times Article About Automated Retailing March 7, 2011
. Completes Application for NASDAQ Listing March 3,2011 |
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. Advances State-of-the-Art Automated Retailing With New Silo Systems Feb 23, 2011 |
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. Partners With Ironclad Performance Wear to Create Self-Service Automated Retailing Systems for the Workplace Environment Feb 17, 2011 |
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BUSINESS |
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. Emerging market leader in the dynamically growing, hot self service retail space. AVTC is the only publicly traded pure play.
. Provides high tech, low cost, customized self service technology, software & machines.
. For malls, retail stores, airports, college campuses, hotels and cosmetic departments, etc.
. Recently doubled manufacturing and development space in Corona, California to approximately 60,000 square feet.
. Five pending patents provide a major competitive advantage. |
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EXPLOSIVE DIVISION SALES GROWTH |
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Note: during AVTC’s dynamic sales ramp up the company has financed an industry leading R&D effort internally, while maintaining profitability. |
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2010: 300% Sales Growth |
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AVTC’s self service manufacturing division sales increased 300% to $2.8 million for the nine months ended September 2010, compared to the September 2009 nine months. The high-tech division’s gross margin was 65% and the division accounted for 2/3 of overall revenue. |
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2009: 140% Division Sales Growth |
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2009 division’s sales increased 140% over 2008. |
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2008: In its first full year of operation AVTC’s self service manufacturing division booked sales of $1 million |
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FUTURE SALES GROWTH |
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. Based on AVTC’s track record and successful implementation of pilot projects ready to go into production, it seems reasonable that recurring revenue could approach $1 million per month during the quarter ending March 31, 2011
. Looking further, 20 to 30 currently successful pilot projects could result in 100% annual sales growth for each of the next two years
. Producing sequential annual revenue of $12 million and $24 million, respectively. |
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AUTOMATED RETAIL SOLUTIONS STOCK DOUBLES IN 2010 |
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Coinstar (CSTR) is a leading, publicly-held provider of automated retail solutions that offers products and services to benefit consumers and drive incremental retail traffic and revenue for retailers read more |
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Constar picks up analyst coverage read more |
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SELF SERVICE TECHNOLOGY IS HOT |
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. Self service technology does for retail what ATMs did for banking
. Self service technology vendors capitalize on new technologies – such as cashless transaction capability, remote machine monitoring capability and remote inventory control.—to help drive the new trends. |
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SELF SERVICE TRENDS |
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V-commerce changes the consumer experience read more |
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Smart phone technology helps drive self service read more |
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. North American consumers continue to embrace self-service technology, and transactions at automatic product dispensing machines will surpass $740 billion in 2010 read more
. Plastic payment swipes are ushering in a new world of self-service buy-and-pay applications, with American consumers increasingly using self-checkout stations at grocery stores, paying for travel through airport check-in kiosks, and renting movies from self-service DVD rental kiosks instead of traditional retail spaces. read more |
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. A study published recently by NCR Corporation found that 86 percent of North American consumers were more likely to do business with companies offering some sort of self-service.
. Growing from the confines of dispensing convenience foods & beverages to consumers on the go, this ultimate self-service technology vehicle is today used in retailing a wider range of products, such as, fresh flowers, cameras, audio books, DVDs/CDs, video games and music, among others.
. Many states and school districts are proposing that there be a limit on the number of junk food and sugar products in school vending machines, driving growth for high tech self service machines read more
. Global annual sales of products through vending machines are expected to reach US$192.9 billion by 2015. In United States, market for beverages sold through vending machines is expected to reach US$38.93 billion by 2015 |
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AVTC NEW PRODUCTS POWER SALES INCREASES |
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Recent new product announcements |
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. New Self-Serve Automated Retailing Systems at CES, Jan 3, 2010
. New Touch Screen Vending Machines With Smart Technology Dec 14, 2010
. New Kiosk to Securely Provide Movies, Music and TV Shows From a Self-Serve Kiosk Direct to Portable Flash Drives Dec 2, 2010
AVTC provides a constant flow of new, innovative products |
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At the forefront of Interactive Advertising, and has feature integrated LCD screens in the new product line-up that can be programmed to play advertisements, offer coupons, and reach consumers right at the point of purchase. |
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AVTC customer Flix on-Stix accesses the Home Entertainment market, which is a $23 billion a year industry. Some experts suggest that the new kiosk method of content delivery will control upwards of 20% of the market - or $4.6 billion - within just the next 2 years |
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AVTC recently introduced thee world's first automated self-serve kiosk that allows consumers to "sell" their used games for instant on-the-spot cash or credit |
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AVTC-provided benefits include customization to handle any small consumer product, small footprint, networked online inventory control system, no on site labor costs, no on site inventory shrinkage |
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INTELLECTUAL PROPERTY |
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. Powered by intellectual property based on five pending patents
. Enhances AVTC’s ability to deliver high tech services, such as acceptance of credit and debit cards for cashless payment, dynamic advertising, remote tracking, and inventory management. |
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COMPETITIVE ADVANTAGES |
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AVTC is a low price, high quality leader offering technology solutions at 50% less than the best known competitor |
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. For example employs a a unique robotic arm that dispenses up to 150 items of all types, from cell phone to swimsuits, cameras to cologne.
. AVTC employs patent pending state-of-the-art computer technology running new, highly advanced software programs and patent pending technologies that process a customer's credit card in a matter of seconds, while also sending alerts to the machine's owner -- providing instantaneous real-time sales reports and inventory notifications.
. Units can be configured to feature cash and/or cashless payment systems, enhanced security, on-board refrigeration and heating, custom graphics, instant online inventory status, and system health reports." |
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COMPETITION |
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AVTC is the only publicly traded pure play we can find to participate in the growth of the high technology self service retail space. Major competitors include |
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• Crane: Owns Dixie Narco, AP (Auto Products) and National Vendors & is the largest manufacture of traditional baseline vending systems. |
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• USI: Seasoned vending manufacture having many years in the manufacturing of traditional baseline vending systems. |
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• AMS: Designs its own traditional baseline systems and has been in the vending business for many years. |
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• Zoom Systems: Designs vending systems which integrate high levels of technology. Because Zoom Systems integrates high levels of technology into its systems, it would be considered one of AVT’s primary competitors. |
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Archived Analyst Report |
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Includes audio interviews & details on pending patents |
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Address : 341 Bonnie Circle, Suite 102, Corona, CA 92880
Telephone: (951) 737-1057
CEO: James Windsor
Web Site: http://www.avtinconline.com/
State or other jurisdiction of incorporation or organization: Nevada
Transfer Agent: Action Stock Transfer, Salt Lake City, Utah
Investor contact:: James Winsor, 951-737-1057 |
FINANCIALS
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Year end summary |
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Sept 9 mos summary |
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2007 |
2008 |
2009 |
2009-9mos |
2010-9mos |
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Revenue |
$2,218,991 |
$2,956,645 |
$4,431,154 |
$2,443,469 |
$4,178,842 |
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Gross Profit % |
77% |
68% |
62% |
65% |
63% |
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Gen, Admin & Depreciation% |
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67% |
59% |
75% |
58% |
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Operating income % |
10% |
1% |
3% |
-10% |
6% |
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Operating income |
$219,003 |
$37,971 |
$134,076 |
-$245,175 |
$245,239 |
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Interest expense |
$33,678 |
$2,243 |
$17,008 |
$2,530 |
$190,549 |
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Income taxes |
$0 |
$0 |
$0 |
$0 |
$0 |
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Net after-tax income |
$185,325 |
$35,728 |
$117,068 |
-$247,705 |
$54,690 |
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Net income % of rev |
8.4% |
1.2% |
2.6% |
-10.1% |
1.3% |
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Stockholders equity |
$9,855,750 |
$14,168,986 |
$16,426,472 |
$14,997,174 |
$18,487,438 |
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More financials |
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IPOdesktop (ID) SAFE HARBOR STATEMENT: Statements contained in this document, including those pertaining to estimates and related plans, potential mergers and acquisitions, estimates, growth, establishing new markets, expansion into new markets and related plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. ID provides no assurance as to the subject company's plans or ability to effect any planned and/or proposed actions. ID has no first-hand knowledge of management and therefore cannot comment on its capabilities, intent, resources, nor experience and makes no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company or its agent and related sources believed by ID to be reliable, but ID provides no assurance, and none is given, as to the accuracy and completeness of this information. |
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DISCLAIMER: The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. Past performance is no guarantee of future results. This report is a paid advertisement and is for information purposes only and should not be used as the basis for any investment decision. ID has been compensated up to eight thousand five hundred dollars from a third party or the company for preparation and posting of this report, audio interview, virtual road show and other advertising services. This constitutes a conflict of interest as to ID’s ability to remain objective in its communication regarding the subject company. Analysts, principals, associates and employees of ID do not own or trade equities under coverage. For detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934 contact IPOdesktop, 11693 San Vicente Blvd., #350, Los Angeles, CA 90049. ID is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities but is a paid advertisement. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results. The opinions contained herein reflect our current judgment and are subject to change without notice. We encourage our readers to invest carefully and read the investor information available at the web sites of the U.S. Securities and Exchange Commission (SEC) at http://www.sec.gov and the National Association of Securities Dealers (NASD) at http://www.nasd.com. The NASD has published information on how to invest carefully at its web site. Readers can review all public filings by companies at the SEC's EDGAR page. |
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