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Alan Brochstein, CFA
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Alan Brochstein, CFA has worked in the securities industry since 1986, primarily with the responsibility for managing investments in institutional environments until he founded AB Analytical Services in 2007 in order to provide independent research and consulting to registered investment... More
My company:
420 Investor
  • How AVT, Inc. Fraudulently Promotes Itself 2 comments
    Oct 19, 2013 11:09 AM | about stocks: AVTC

    One of the stocks that I have been warning folks about for several months is AVT, Inc. (OTCPK:AVTC). So far, I believe that my warnings have been not only helpful but for the right reasons. Here is a recent press release that is clearly bogus:

    InvestorProfessional.com Forecasts Growth in Automated Retailing Industry
    AVT Given "Strong Buy" 5-Star Rating
    CORONA, Calif., Oct. 17, 2013 /PRNewswire/ -- AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leader in automated retailing systems, micro-stores and kiosk was featured in a research report on the Automated Retailing Industry by InvestorProfessional.com (www.investorprofessional.com).
    The independent research group highlighted industry leaders Outerwall and AVT, and gave AVT a "Strong Buy" recommendation and a 5-star rating.
    The report noted that AVT is involved in multiple markets and revenue streams. "AVT has a diverse clientele, including penetration into the healthcare, coffee, equipment rental and exchange, and retail channels. Their new Propane Exchange could completely change the industry within a short time."
    "AVT has carved a niche at creating new, exciting automated retailing systems, and their investment in R&D is second to none," the report stated. "We believe that they have most of their growth still in front of them, and that the stock is a bargain at today's prices."
    The report noted that the automated retailing industry is still in its infancy and will see growth over the next decade.
    "Just as Apple changed the way people obtain and listen to music and use a phone, automated retailing will change the way people purchase products of all types," the report stated. "Within 10 years, you won't recognize a typical retail store... it will be a conglomeration of automation, self-service and interactivity."
    InvestorProfessional.com is an independent stock analysis group, and accepts no payments for research or recommendations.
    To read the report, visit www.investorprofessional.com

    There is no such firm as "InvestorProfessional.com." Click here to learn about their fraudulent ways...

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: AVTC
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Comments (2)
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  • Ashraf Eassa
    , contributor
    Comments (8856) | Send Message
     
    My trademark phrase...

     

    F*** these guys.
    19 Oct 2013, 05:44 PM Reply Like
  • varan
    , contributor
    Comments (3566) | Send Message
     
    You should look up the Code 420 in the Penal Code of the ex-British Colonies in South Asia. (I know 420 refers to pot here, but the other association is somewhat amusing.)

     

    Quite apropos for AVT.
    21 Oct 2013, 12:42 AM Reply Like
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