Prominent AVT Shareholder Leads Capital Raise to Help Company Exit Chapter 11
Plan allows company to capitalize on current opportunities and continue heritage of innovation and leadership in automated retailing
LOS ANGELES, Nov. 9, 2015 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leading manufacturer of automated retailing systems, self-service kiosks and customer vending machines, announced today that a prominent shareholder in the company and a distinguished businessman, is leading an effort to raise capital to help the company exit Chapter 11.
Having been involved with AVT since the company's inception, this investor has seen the company grow; create exciting automated solutions and patented technologies; develop innovative system designs, and lead the industry with a new way of thinking about traditional vending and self-service retailing.
"I am a huge fan and an ardent supporter of AVT because I have an understanding of the market and of the company's potential," said John Knipf. "I've have always been proactive in my approach to business, and I am looking forward to helping fund AVT's exit strategy to get out of Chapter 11, and get back to the business of executing on its business plan, current opportunities, and future goals."
From the dot.com revolution to the vending explosion with Redbox, the retailing world has changed dramatically within this generation – impacted and updated by new technologies and automation that engages customers, strengthens brands, and sells products of all kinds.
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