From the Wires
AVT, Inc. Releases Financial Case Study
By: PR Newswire
Jan. 9, 2013 08:45 AM
CORONA, Calif., Jan. 9, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com) released an internal case study regarding the financial potential of their company-owned Marley Coffee Automated Stores, and the division's impact on total company revenues.
The systems allow consumers to obtain a freshly ground and brewed cup of the highly prized Marley Jamaican Blue Mountain Coffee, and are being built and owned by AVT for placement in high-traffic locations throughout the nation.
The report bases its primary assumptions on the following:
According to financial analyst Francis Gaskins, Editor-in-Chief of IPOdesktop.com and frequent contributor to Bloomberg Television and CNBC, AVT is currently under valued and should be trading around $10 based on the above. Additionally, if the company can meet their stated goals, the company's stock should be in the $15-$20 range.
"AVT's Top line revenue has grown on average 45% per year for the past five years, and continues to increase on a quarterly basis as of the nine months ended September 2012," Gaskins stated. "The company continues to generate solid quarterly profits, and based on AVT's industry leadership role and backlog, IPOdesktop believes AVTC is undervalued at the current price."
For more information on AVT, please call 800-240-5175 or visit the website at www.autoretail.com.
About AVT, Inc:
AVT, Inc. is a leading developer of automated and self-service retailing systems. 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. With an in-house design team, software developers, mechanical engineers and on-site manufacturing, AVT can take projects from concept to completion with speed, economy and ingenuity.
AVT's stock is traded through the OTC Markets, Ticker Symbol: AVTC
The financial guidance above was not prepared with a view toward complying with the guidelines established by the American Institute of Certified Public Accountants with respect to prospective financial information, but, in the view of our management, was prepared on a reasonable basis, reflects the best currently available estimates and judgments, and presents, to the best of management's knowledge and belief, the assumptions on which we base our financial guidance.
However, this information is not fact and should not be relied upon as being necessarily indicative of future results, and we undertake no obligation to release publicly the results of any future revisions we may make to this financial information to reflect events or circumstances after the this press release.
Neither our independent auditors nor any other independent accountants have compiled, examined or performed any procedures with respect to the prospective financial information contained herein, nor have they expressed any opinion or any other form of assurance on such information or its achievability, and they assume no responsibility for, and disclaim any association with, the prospective financial guidance information.
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"This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "believe," "think", "should" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. The Company cautions readers not to place undue reliance on such statements. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from the Company's expectations and estimates.
SOURCE AVT, Inc.
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