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Automated Vending Technologies Posts $2.34 Million in Revenues in 2007; Gross Profits Top $1.697 Million; Significant Increase in Cash Position.

Publication: PR Newswire
Publication Date: 18-MAR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CORONA, Calif., March 18 /PRNewswire-FirstCall/ -- Automated Vending Technologies, Inc. (Pink Sheets: AVTC), a technology driven vending manufacturer and operator, today announced financial results for 2007 have been posted at http://www.pinksheets.com/. Results include revenues of $2.34 million, gross profit topping $1.697 million and net income of $240,296.

The Company in its audited filing said cash at December 31, 2007 was $145,012, up from $16,620 at January 1, 2007. Revenues include $1.17 million...

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