SOURCE: Automated-X, Inc.

Automated-X, Inc.

May 18, 2015 08:30 ET

Automated-X Announces Upward Trending for First Quarter

Q1 2015 Revenues Exceeded Q4 2014 Revenues by 107%

CHICAGO, IL--(Marketwired - May 18, 2015) - Automated-X, Inc. (OTC PINK: AUTX), a developer and integrator of next generation automation technologies, today announced upward trending for first quarter 2015 activities.

Revenues for Q1 2015 exceed Q4 2014 revenues by 107%. If this trend continues, management expects FY 2015 revenues to exceed FY 2014 revenues by 96%.

The total number of disc rentals for the first quarter of 2015 increased 60% compared to the fourth quarter of 2014, and returning customers increased 170% over the same period. If this trend continues, management expects a 66% increase in the total number of disc rentals for FY 2015 as compared to FY 2014, despite less kiosks being in operation, and an 84% increase in returning customers over the same period, not accounting for growth due to new location installations. This increase in per kiosk rentals is attributed to the Company focusing on installations with retailer-partners who have previously had a similar program in-store.

In Q3 2014, QUICKflick removed 31 underperforming kiosks in order to relocate them to locations acquired from a new contract signed in Q4 2014. Fourteen of those 31 kiosks were installed mid-November 2014, which accounted for 77% of the total kiosks deployed at that time with the remaining 17 kiosks being held for new location installations in 2015. Automated-X generated more rentals and revenue in Q4 2014 and Q1 2015 with less kiosks than previously deployed.

We are pleased with our strong momentum as we began 2015. In addition, press releases announced further significant corporate progress during the first quarter:

  • January

    • In order to strengthen our ability to better serve customers and position the Company for sustainable, long-term growth, our corporate headquarters was moved to Chicago.

  • February

    • As a result of a contract with Remke Markets, our QUICKflick subsidiary had 13 new revenue-producing locations in 2015. During the first quarter, QUICKflick conducted various promotions to consumers that continue to drive increased store traffic, cross-category purchases and movie rentals. During one such promotion, a discount was offered on a Remke private label product in conjunction with a QUICKflickUSA rental. First time customers for the day increased 431% over the same day on average in the previous quarter and rentals increased 292% during the same period. QUICKflick continues to schedule promotions like this to increase awareness of the program in store and increase return customer traffic for retailers.

    • Alan Bailey, seasoned executive with experience in working with Fortune 500 companies, appointed Chief Financial Officer.

    • Seasoned retail and technology veteran Franz Kuehnrich joined the Board of Directors.

  • March

    • In an effort to further deliver what movie lovers want, QUICKflick signed a contract with Rockin' the Wall Studios, an independent film and video production company, to provide exclusive content for all QUICKflick entertainment rental kiosks.

    • The Company initiated the financial auditing process to begin the transition from the OTC Markets Pink Sheets to the OTCQB.

"Even though we are pleased with what we have accomplished during the first quarter of 2015, we know we have our work cut out for us in 2015. Our management team remains focused on three key facets that drive our business: delighting and engaging consumers, strengthening partner relationships, and growing profitably," commented Tim Regnier, President and COO.

About Automated-X, Inc.

Automated-X, Inc. (OTC PINK: AUTX), formerly Interline Resources Corp., develops and integrates next-generation automated technologies into retail store environments and other areas of application where efficiency is improved through automation. The Company intends to take a leading role in automated retail to constantly raise the bar with state-of-the-art convenience, security, and laborsaving technologies. It intends to eventually expand its kiosk offerings in other retail growth sectors, including other automated technology systems focused on convenience and price-driven automation opportunities. For more information, visit www.automated-x.com.

Forward-Looking Statement

This press release contains certain statements that may include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects," "anticipate," "optimistic," "intend," "will" or other similar expressions. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic filings with OTC Markets and available on its website at http://www.otcmarkets.com. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under applicable securities laws, the Company does not assume a duty to update these forward-looking statements.

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