AVT Recommended in Seeking Alpha Story
AVT announced that they have been recommended in a story on the automated retailing industry in Seeking Alpha.The article discussed the new Rug Doctor Automated Centers in Walmart stores, which allow customers to rent, checkout and return a carpet-cleaning unit, and not have to wait for or flag down a store employee for assistance."Today, you can walk right up to the automated system that are inside many Walmart stores, insert your credit card, and within seconds, a door magically opens and the system is available for you to take. No lines, no fuss, no waiting," the story stated.AVT is the developer and manufacturer of these innovative Rug Doctor Rental Centers."AVT is one of the leaders in designing and manufacturing automated retailing systems of all kinds. This is the company that not only figured out how to automate the carpet-cleaning rental process, but has also given the world incredible new systems that include automated prescription medicine dispensing, Mountain Dew plastic bottle recycling centers, the Kardashian sisters' cosmetics store, the now world-famous Beverly Hills cupcake and caviar systems, and the Blue Rhino automated propane tank exchange centers, just to name a few," the article stated.According to Seeking Alpha, the two leaders in the automated retailing industry are Coinstar (CSTR) and AVT, but contend that Coinstar – who owns the Redbox systems and is selling at around $55 a share has most of it's growth behind it, while AVT at a few bucks a share "could be the next Coinstar."Seeking Alpha also stated that AVT's patented technology could be a "game changer" in the industry, as "it covers a basic technology that most of the industry already uses or needs to use," and compared AVT's recent growth to "Winning the Super Bowl and the World Series combined."