SOURCE: Automated Vending Technologies, Inc.

March 21, 2007 09:10 ET

Automated Vending Technologies, Inc. Announces Stock Dividend

CORONA, CA -- (MARKET WIRE) -- March 21, 2007 -- Automated Vending Technologies, Inc., a Delaware corporation (PINKSHEETS: AVDT), a publicly traded company, is pleased to announce that its board of directors has declared a one percent (1%) stock dividend payable on or about April 1, 2007 to all Common Stock shareholders of record as of the close of business on March 10, 2007.

According to Kevin Illingworth, President of the company, "this stock dividend demonstrates the company's appreciation of its shareholders for supporting the company throughout our growing process and underscores the strength of both the company's business model and the desire to allow our investors to personally share in the benefit of being long-term shareholders of our common stock."

About Automated Vending Technologies

Automated Vending Technologies, Inc. (AVDT) is a vending solutions provider based in Corona, CA that has developed several unique vending machine technologies that accept debit, credit and smart cards for ease of use. This advanced technology provides for remote tracking and inventory management. The new machines also feature an advertising component through banner ad placement that AVT controls. AVT is a stable company that has grown privately for 5 years and has revenue, inventory and assets. AVT currently serves over 300 government and commercial vending accounts in Southern California.

Contact Information

  • Contact:
    Tommy Buzbee
    National Sales Director
    Automated Vending Technology, Inc.
    951-737-1057 ex 333