Asked about why systems built by AVT have dominated several recent lists of the world’s most interesting vending machines, Winsor replied, “The culture at AVT is one of innovation… We have one of the most important patents in the industry, and we’ve also developed many new applications and technological firsts for our customers.”
Winsor was asked about AVT-manufactured systems that are gaining international attention, such as the Burritobox, Farmer’s Fridge, and Opticwash.
Winsor said the company invested in several significant pilot programs in 2013, which are going into full production this year. He commented that the company now affiliates with major world brands and is deploying more company-owned systems in 2014. “We have entered a new phase at AVT, in that we are now building and deploying company-owned machines that provide recurring revenues. We see this as a significant step toward securing our financial future. We have also sought out and partnered with leading brands to create new types of systems that can capture market share in original and exciting ways.”
The CEO also stated that the company had recently changed accounting firms, which had delayed completion of financial reports. However, he noted that all financials would be posted in a few weeks, and added that the company was profitable.
“We are a dynamic, growing company,” Winsor commented. “We are not at all the same company we were just a few years ago, and I suspect we will look different in a few years from now,” he added. “These are exciting times, indeed.”
The statements in this release constitute forward-looking statements within the meaning of federal securities laws. Statements are based on current beliefs and are subject to significant uncertainties. We do not obligate to update any statements to reflect events after the statement was made.
SOURCE AVT, Inc.