Tuesday, November 04, 2008

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AVT Inc Announces Exclusive Agreement to Manufacture 1000 Product Dispensing Centers for GottaGoWireless PR Newswire via Yahoo Finance A way to give your stuff wireless IDs Boston Globe

Tue, 04 Nov 2008 21:22:20 +0000
AVT Inc. Announces Exclusive Agreement to Manufacture Product Dispensing Centers for Gotta Go Wireless Monday November am ET CORONA Calif. Nov. PRNewswire FirstCall AVT Inc. formerly Automated Vending Technologies Pink Sheets AVTC News announced today that it has signed an exclusive manufacturing agreement with Gotta Go Wireless Baltimore Maryland for AVT to manufacture and deliver AVT designed and built Product Dispensing Centers PDC . Details of the contract were not disclosed although the agreement is in excess of million dollars spread over a two year deployment schedule. The beneficial and lucrative production contract confirms the position and direction AVT has been headed in leading the way to ensure that technology based vending systems are commonplace in the US within the next years stated AVT founder Shannon Illingworth. The production contract is based on AVT s recently released Tech Store a dual color LCD display system that is PC based and utilizes a touch display to dispense a wide variety of products. Mr. Illingworth said The Tech Store PDC will be instrumental in transitioning America s thirst from the got to have it now snack to the got to have it now tech. Look for AVT s manufactured Tech Stores to become the industry standard for affordable technology based product dispensing systems. Karl Stender founder and CEO of the year old Baltimore based Gotta Go Wireless stated We are very pleased and excited to be working with AVT on this hi tech vending system. Each Tech Store system will look the same in order to successfully brand and market the image although we will be merchandising each system according to the needs in specific locations and demographics. The systems will sell a variety of popular hi tech items including cell phones gaming products and accessories to personal electronics and devices. Mr. Stender stressed that integrating the large LCD for digital signage into the vending machines literally nails the concept of educating customers by using streaming video ads of the product lines and is yet another reason why we believe that AVT is the primary company for this production contract. He concluded by stating Look for the colorful eye catching Gotta Go Wireless systems to be deployed throughout shopping malls and airports over the next months. ABOUT AVT AVT Inc. Pink Sheets AVTC 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. AVT has grown privately for five years and has a strong balance sheet with current revenues inventory and assets. AVT currently serves more than government and commercial vending accounts in Southern California. 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. Contact AVT Inc. James Winsor Source AVT Inc. Email Story Set News Alert Print Story Copyright Yahoo Inc. All rights reserved. Privacy Policy Terms of Service Copyright PR Newswire . All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content or for any actions taken in reliance thereon. My Portfolio Community VSE Alerts Front Page News Commentary Markets Mutual Funds ETFs Personal Finance Technology Tools Research My MarketWatch Community Video News Commentary Columnists First Take Special Reports How to Buy Trading Strategies The Heat is On Power Crisis Digital Home Dubai Blogs Podcasts Industry News Technology Health Care Retail Automobiles Economy Politics Fed The Election Newsletters Guru s Corner Directory Hulbert Financial Digest Election latest news PRESS RELEASE Wireless Age Announces October Revenues Last update p.m. EST Nov. TORONTO ONTARIO Nov MARKET WIRE via COMTEX Wireless Age Communications Inc. WLSA WLSA News chart profile more Last Delayed quote data Add to portfolio Analyst Create alert Insider Discuss Financials Sponsored by Wireless Age is pleased to announce unaudited consolidated revenues from continuing operations for October were approximately CAD representing year over year revenue growth of . Retail segment revenues increased by from approximately CAD in October to approximately CAD in . Commercial segment revenues after adjusting for discontinued prepaid card revenues in the prior year grew by from approximately CAD in October to approximately CAD in October . John G. Simmonds Wireless Age CEO stated While the financial markets decline made all the media headlines in October we managed to grow our continuing businesses by . October is the first month following the termination of the prepaid card distribution business. Although revenues will be lower going forward we anticipate that our margins will improve rather than continue to decline as we ve recently reported as a result of the discontinuation of the fast growing low margin prepaid card business. I believe the financial markets will now be better able to assess our long term profitability. During October we acquired an additional shares of our own common stock for cancellation and year to date we have now acquired shares at an average price of approximately US . per share. About Wireless Age Wireless Age Communications through its . owned subsidiary Wireless Age Communications Ltd. is in the business of operating retail cellular and telecommunications outlets in cities in western Canada. Through its other wholly owned subsidiary Wireless Source Distribution Ltd. the company distributes two way radio products wireless accessories and various battery and ancillary electronics products in Canada. Note This press release contains forward looking statements as defined in the Private Securities Litigation Reform Act of . These forward looking statements are based on currently available competitive financial and economic data and management s views and assumptions regarding future events. Such forward looking statements are inherently uncertain. Wireless Age Communications Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties including but not limited to global economic and market conditions the war on terrorism and the potential for war or other hostilities in other parts of the world the availability of financing and lines of credit successful integration of acquired or merged businesses changes in interest rates management s ability to forecast revenues and control expenses especially on a quarterly basis unexpected decline in revenues without a corresponding and timely slowdown in expense growth the company s ability to retain key management and employees intense competition and the company s ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments satisfy increasingly sophisticated customer requirements and achieve market acceptance relationships with significant suppliers and customers as well as other risks and uncertainties including but not limited to those detailed from time to time in Wireless Age Communications Inc. SEC filings. Wireless Age Communications Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Wireless Age Communications Inc. s business please refer to the risks and uncertainties detailed from time to time in Wireless Age Communications Inc. s SEC filings. Contacts Wireless Age Communications Inc. John G. 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All rights reserved. By using this site you agree to the Terms of Service and Privacy Policy . Wireless Age Announces October Revenues MarketWatch Intraday data provided by Interactive Data Real Time Services a division of Interactive Data Corp. and subject to terms of use . Historical and current end of day data provided by Interactive Data Pricing and Reference Data . More information on NASDAQ traded symbols and their current financial status. Intraday data delayed minutes for Nasdaq and minutes for other exchanges. Dow Jones Indexes SM from Dow Jones Company Inc. SEHK intraday data is provided by Comstock and is at least minutes delayed. All quotes are in local exchange time. Real time last sale data provided by NASDAQ. Mark Baard November Personal Tech A way to give your stuff wireless IDs By Mark Baard November Email Print Single Page Text size RFID technology Companies such as Wal Mart and Procter and Gamble and the US government dream of what they call the Internet of Things in which every manufactured object is tagged and tracked via radio frequency identification technology. In other words just as you can quickly find individual photos videos and blog posts on the Web physical objects will one day become completely visible in cyberspace. Corporations and the feds can already locate an RFID tagged item anywhere in the supply chain from the factory to the dumpster provided they have enough reader devices along the way to detect the object. Now the Parisian company Violet is promoting the Internet of Things idea to consumers with a cute new RFID reader for the home. The Mir ror due out this week is a hip looking device you plug into your computer that makes your tagged car keys or paperweights into application and content launching doodads. The folks at Violet believe humans were born on the wrong side of the computer screen to experience much of the Internet s magic. Mir ror Pack helps you create your own kicks The kit available at www.violet.net includes a reader and a Mirror skin. You can swap in other skins to change the surface s looks. It also includes a handful of programmable RFID tags and miniature versions of Violet s Internet appliance the Nabaztag which looks like a bunny. The Mir ror also recognizes and can distinguish between the RFID objects already around your home such as smart cards and radio tagged books and DVDs. Each item takes on its own identity with the Mir ror and can be associated with specific media files or applications. For example you might want a tagged item placed on the Mir ror to launch your Pandora homepage signaling the end of your workday. Or you could program the Mir ror application to associate a credit card with an online credit account manager giving you quick access to your monthly statement. The Mir ror works with both PCs and Macs. Mobile phones Street level forecasts and conditions via Android In New England if you re not chasing the weather it s chasing you. A snow squall can wreck a barbeque. A sudden rain can wash out a White Mountains weekend. Now G Android owners the device is available through T Mobile can see storms coming even at street level. Micro forecasts are the final frontier for weather forecasting my meteorologist friends tell me. IMap Weather a downloadable service from Weather Decision Technologies provides radar images that show current conditions. You can select a specific area on your Android G phone for a local forecast. Thanks to your phone s GPS transponder and iMap Weather s follow me option you can also watch as the WDT s radar maps show storm fronts nipping at your heels as you race home from mom s house this Thanksgiving. IMap Weather s forecasts come from the National Weather Service and are updated hourly. WDT s service is free. OLED technology Flexible screens still need to be sturdier cheaper Organic light emitting diodes ain t cheap. And the displays made from them will not be either until someone licks OLED s manufacturing challenges and creates applications that excite consumers. Sony recently showed a prototype flexible display OLED displays can be made thin and flexible at a Japanese trade show. The inch OLED screen Sony exhibited is . millimeters thick. But it is telling of a technology s flimsiness when an exhibitor has to keep it locked in a display case as Sony did this fall in Japan. Other electronics companies such as LG and Universal Display Corp. are working to make OLED screens sturdier even as they retain the flexibility brilliant color and clarity the technology can deliver. Universal Display is also working on super efficient and powerful lighting applications for OLED. The company last month announced its receipt of a US Department of Energy grant to build a by inch solid state lighting panel much like the one featured in a Star Trek episode The Return of the Archons. OLED devices are likely to prove more efficient than anything you are screwing into your lamps these days and they will not have any of the mercury found in fluorescent bulbs. Mark Baard can be reached at markbaard.com . Copyright Globe Newspaper Company. 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