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tradeinvestor18

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AVT files FORM 10
« on: August 22, 2008, 03:49:18 AM »
AVTC

Automated Vending Technologies, Inc.
AVTC
[

Automated Vending Technologies, Inc.
AVT Files Form 10-SB With SEC; Key Step to Being a Fully Reporting Company
Monday August 18, 8:30 am ET


CORONA, Calif., Aug. 18 /PRNewswire-FirstCall/ -- AVT, Inc. (formerly Automated Vending Technologies), (Pink Sheets: AVTC - News), today announced it has filed a Form 10-SB with the U.S. Securities and Exchange Commission, which includes two years of audits, and which brings the Company's filing current through the first quarter of 2008.
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The document can be viewed at http://www.sec.gov .

"This is an important step forward in realizing our goal to become fully reporting and to list on the Over the Counter Bulletin Board," said Shannon Illingworth, Founder.

Other future goals spelled out in the filing include manufacturing and selling as many RAM5000 and RAM4000 vending machines as possible in the next 12 months in the U.S.

The RAM5000 is a non-refrigerated unit and market studies and research along with multiple distributor feedback indicates a strong demand for the RAM5000. AVT initially received the initial prototypes, made the necessary modifications and ordered 20 pre-production units. The pre-production units have been received and AVT is currently refining the units to be incorporated into its first order of 200 production units. AVT expects to receive approximately 50 production units this month.

"We are also completing software advertising program and hardware network called 'AVTi Media.' We believe that this program has the potential to provide the largest revenue stream to the Company. Our goal is to promote advertising sales with our existing vending routes which we operate and as add-ons to the vending machines we sell to independent operators. AVT will sell advertising which will run on systems within the AVTi Media network. Both AVT systems and non-AVT vending systems equipped with AVT based PCs running the advertising software will be capable of being part of the national (and soon international) AVTi Media Network," Mr. Illingworth explained.

ABOUT AVT:

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.

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


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