Automated Vending Technologies, Inc. Receives Buy Rating, $4 Long Term Price Target, From Star Capital IR Analysts
JUST FOUND THIS FROM A COUPLE OF YEARS AGO...
CORONA, Calif., Sept. 24 /PRNewswire-FirstCall/ -- Automated Vending Technologies (Pink Sheets: AVDT), the advanced technology based vending manufacturer, today announced that an Analyst's Report, issued by Star Capital IR, gives the Company a Buy Rating and places a $2.50 mid-term and $4.00 long term price target on AVDT. "If recent growth is an indication of the future, the AVDT shareholders will have a lucrative 2007," the Report said, stressing that the Company is part of a growing $120 billion vending industry. "The report should be viewed along with other data about the Company in making financial decisions," said Jason Wirtzer, Star Capital IR. "We urge all potential investors to do their due diligence." The Analyst's Report emphasizes that AVDT is the only company providing streaming advertising in the vending industry and that this advertising "is the most cost effective, 'bang for the buck' method available." It stresses that all the technology that has been created by AVDT is proprietary and patent pending. The Report also says that growth for AVDT has only just begun. It cites that revenues for the Company have increased 300 percent compared to the same period last year. About Automated Vending Technologies: AVDT has emerged as a leader in integrated vending solutions company in the competitive vending industry. Since 2001, the Company has grown from providing vending route operations to a fully operating company with strategically established partnerships and subsidiaries. The Company prides itself on not only providing top quality vending products, but also streaming video through its revolutionary vending technology. Automated Vending Technologies, Inc. (Other OTC: AVDT.PK - 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. AVDT has grown privately for 5 years and has a strong balance sheet with current revenues, inventory and assets. AVDT currently serves more than 300 government and commercial vending accounts in Southern California. Contact: Automated Vending Technologies, Inc. Tommy Buzbee (National Sales Director) 951-737-1057 STAR CAPITAL IR 951-372-0154 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. About Star Capital IR: Disclaimer: This disclaimer is an integral part of our service. Please read it before investing in any security on which we report. Opinions are solely those of the staff of Star Capital IR and are subject to change without notice. Our reports are for information only and we do not offer securities or solicit the offer of securities of any company. Our reports are to inform the public and not to promote any company or its securities. We do not inform any company in advance of the nature or conclusions of our reports nor can a company change what we write. In the case of Automated Vending Technologies, Inc., we received a monthly fee in the amount of $5,000.00 in addition to 25,000 restricted shares of AVDT. Our reports contain factual statements and opinions. We derive these factual statements from sources that we believe are accurate. However, we do not represent that the facts presented are accurate or complete. Furthermore, the information contained in this report may become inaccurate because of the passage of time and should therefore be read for historical information only.
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