This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

AVT Customer Featured In Los Angeles Times

CORONA, Calif., April 10, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) ( www.autoretail.com), a technology leader in developing automated retailing systems, customized kiosks and micro-stores, announced that one of their key customers was recently featured in an article in the Los Angeles Times.

Medbox, a leader in the development, sales and service of automated, biometrically controlled dispensing and storage systems for medicine and merchandise, was highlighted as one of the companies that has become a Wall Street darling because they provide ancillary services to the fast-growing legal marijuana industry.

"The stodgier Wall Street types are starting to realize there's money to be made here," said Derek Peterson, who worked in wealth management at Wachovia Securities and Morgan Stanley Smith Barney.

Bloomberg recently pegged the size of the industry at $35-$45 billion, according to the article.

Washington, D.C., and 18 states, including California, have already legalized medical marijuana; and there are formal measures pending to legalize the product in 10 additional states and in the United States Congress.

Accordingly, many investors see marijuana heading down the same path as Prohibition, which banned the manufacture, transportation and sale of alcohol from 1920 until it was repealed in 1933. People who invested in companies before the repeal, profited handsomely once the prohibition was lifted.

"More and more people see the inevitability," said Brendan Kennedy, chief executive of the Seattle private equity firm Privateer Holdings. "They see that the Berlin Wall of cannabis prohibition is going to come down."

Other investors see the opportunity as similar to the Gold Rush. It's like "selling the bluejeans to the gold miners," said Justin Borus, Managing Partner at Lazarus Investment Partners.

AVT is the exclusive provider of automated dispensing and storage systems that are the cornerstone of Medbox's business. "We are happy to work with Medbox as their exclusive automated systems manufacturing partner," stated Shannon Illingworth, Founder and Chairman of AVT, Inc. "We believe that Medbox is poised for explosive growth, and AVT will continue to grow with them by providing the products they need to further capitalize on this rapidly expanding industry."

For more information on AVT, please call 800-240-5175 or visit the website at: www.autoretail.com.

For more information on Medbox visit: www.medboxinc.com.

To read the article in the Los Angeles Times, visit: http://www.latimes.com/business/la-fi-0324-wall-street-marijuana-20130324,0,3721760.story

About AVT, Inc: AVT is a leading developer of customized automated retailing systems, Micro-Stores, and self-service solutions.  Divisions include design, manufacturing, software engineering, leasing, media, and technology licensing. AVT is able to work with any size company to design a custom automated retailing solution that drives traffic, increases sales, improves security, and lowers overhead. AVT is uniquely qualified to take projects from concept to completion with speed, economy and ingenuity. For more information, visit: www.Autoretail.com

AVT's stock is traded through the OTC Markets, Ticker Symbol: AVTC

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs