NASHVILLE, Tenn., Nov. 13, 2006 (PRIMEZONE) -- Jonathan Pappie announced that CapitalPros Network has been retained for Automated Vending Technologies Inc. (AVT) (Pink Sheets:AVDT), to assist in expanding market activity and communication. CPN has agreed to reach out and educate the Broker Dealer community through syndication, provide additional press coverage, financial media and notify buying groups of the opportunity. CPN will also attempt to procure additional interviews and Market Makers for the company.
"This company has some very high profile relationships and has a nice stable track record of revenues from which to launch new vending technology platforms from. Their new in-house inventory tracking system and acceptance of debit, credit and smart cards will revolutionize the vending industry. This technology allows current vendors to reduce cost and increase market areas, and it is very cost effective."
Mr. Pappie finished by saying, "I feel that this company is worth the due diligence. However, if you like potential stocks in the technology sector that are groundbreaking in industry verticals, this is certainly one to put up on the radar screen. We hope to see further positive information from the company shortly."
For the past five years, AVT has primarily generated its revenue through its vending routes. With the manufacturing and selling of machines coupled with the Company's strategic stance to create and market in-house technologies, they are poised for rapid growth.
AVT is an innovative design, manufacturing and marketing company based in Corona, CA that has developed several unique vending machines which incorporate bundled technology solutions into a fast paced market under the name of AVT. AVT's current product lines can be viewed at www.avtinconline.com. AVT is committed to being a market leader and innovator within the automated food vending field.
This press release contains forward-looking statements, which are made pursuant to the Safe Harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve risks and uncertainties that could cause actual results to be materially different. Factors include, but are not limited to, available funding, market acceptance, competition, recruitment and retention of personnel, dependence on key personnel and certain risks associated with the projects in which the Company is engaged to complete and others. The forward-looking statements should be considered in light of these risks and uncertainties. The Company disavows any obligation to update or correct any of its forward-looking statements.
CPN was compensated $35,000 U.S. in common stock and cash to provide for a 60-day media campaign. Any statements made by CPN regarding the firm are statements of interest and are not to be construed as investment advice. CPN follows an orderly liquidation of compensation in order to provide for its administrative costs in providing market coverage over the period of its hire. Further information about CPN can be found at www.capitalpros.com.