AVT, Inc. announced that it has completed a preliminary forecast for 2014, and it is shaping up to be a banner year.
AVT generates revenues from several sectors, including custom vending design and manufacturing, industry leading automated micro-stores, company owned systems, management agreements, technology licensing and recurring income from its patented wireless connectivity.
"All of our verticals look strong for 2014," said James Winsor, CEO of AVT, Inc., in a prepared statement. "Orders from existing clients are forecast to come in between 5,000 and 7,500 units, which we forecast will produce $25 to $35 million in revenues."
The company counts among its clients some of the nation's leading and best known brands from a wide variety of sectors, including retail, healthcare, food and beverage, apparel, travel and tourism and leaders in the newly legalized marijuana industry.
Among the highlights of the 2014 forecast are thousands of systems that are going into some of the largest retail stores in the world, according to AVT. "We are in the initial stages of deploying our Utique stores into one of the nation's top retail chains," Winsor commented. "We also expect to almost triple our number of connectivity clients, which will produce strong monthly revenues."
The company plans on releasing more details within the first quarter.
"We believe this will be a record breaking year," said Winsor, "with revenues that will surpass anything we have seen to date."
