AVT Inc. (fka AVTCQ)

[TNGN]

Misrepresentation

May 6, 2013: AVT files 2012 Annual report to OTC markets showing a total revenue for the year of $15 mil

http://www.otcmarkets.com/financialReportViewer?symbol=AVTC&id=103771

Jan 8, 2014: AVT makes a pumped press release projecting a record breaking revenue of $35 mil for 2014.

http://www.otcmarkets.com/stock/AVTC/news/AVT-Forecasts-2014-as-Record-Breaking-Year?id=74047&b=y

Jan 8, 2014: on the same day of above press release, AVT "quietly" files a end June Quarterly report showing a 43% decrease of revenue year on year. The annualized revenue for 2013 is $6.7 mil. No press release no explanation of what so ever. The $35 mil projected 2014 revenue is 522% higher than the 2013 revenue of $6.7mil.

http://www.otcmarkets.com/financialReportViewer?symbol=AVTC&id=115318


AVTC stock closing price:

Jan 6, 2014: 1.35
Jan 7, 2014: 3.75
Jan 8, 2014: 5.00 >> High of the year


2014 Interim report filed on Sep 24, 2014, shows an annualized 2014 revenue of $7 mil in line with the 2013 revenue.

http://www.otcmarkets.com/financialReportViewer?symbol=AVTC&id=126902