Los Angeles, CA. February 19, 2015. AVT, Inc. (OTC Markets: AVTC) (www.autoretail.com), a leading manufacturer of automated retailing systems and custom vending machines, announced today that they have brought on several highly regarded professionals to join their upper management team.
Effective immediately, Wayne Salvino will become the new company President. Larina Hoover will assume the role of company Treasurer and Accountant.
The company also announced the appointment of RBSM as the company’s new auditors. Mr. Peter Stefanou will lead RBSM’s AVT team.
“As we entered 2015, it became apparent that we needed new talent to help us reach our goals and continue on a profitable growth path,” said James Winsor, CEO and Chief Engineer of AVT, Inc. “With new projects ready to come online, and the pressing need for accurate and timely financial statements, we are pleased to bring on these highly talented individuals to help direct company operations, improve efficiencies, correct deficiencies, and streamline production.”
With over 30 years of experience in manufacturing, product development and retail sales, Wayne Salvino has a deep passion for building manufacturing efficiencies and creating new branding partnerships. He has worked with retail giants like Sears, JC Penney, Costco, and Sam’s Club. Salvino brings a strong background in branding and licensed product retailing, and has worked closely with licensing icons such as: NFL Properties, MLB Players Association, NBA Properties, NASCAR and NHL Properties. Salvino brings this extensive background to AVT to assist in continuing the vision of building a leading, world-class technology-driven vending and automated retailing company.
Larina Hoover is a highly experienced accountant and accounting supervisor, and has worked with leading companies including: Technicolor, The Word and Brown Companies, Jeffrey Homes, Orion Scientific, and BioPhotas. She has expertise in corporate annual filings, implementation of GAAP accounting processes and procedures, and financial reporting.
RBSM, LLP is a certified public accounting firm with operating offices in major cities in the United States, Europe & Asia. The firm provides professional accounting, auditing and tax services to a number of publicly held businesses as well as privately held companies. The company regularly undergoes peer review examinations to insure that their accounting and auditing procedures meet the highest quality standards of the profession set forth by the Public Company Accounting Oversight Board (PCOAB) and the American Institute of Certified Public Accountants (AICPA).
Peter Stefanou is the managing partner of RBSM, and has thirty years of experience in serving the audit and accounting needs of domestic and international public and privately held enterprises. Stefanou received his MBA from George Washington University and his undergraduate degree in accounting from Georgetown University. He is licensed as a certified Public Accountant in New York, Pennsylvania, California and Virginia and is a member of the American Institute of Certified Public Accountants (AICPA) and various state societies.
“We set out to take positive steps to assure a strong future for AVT, and acquire talented and skilled people to help propel this company to the next level,” said James Winsor, CEO and Chief Engineer of AVT, Inc. “Wayne and Larina, plus Peter and his team at RBSM have significant expertise in areas crucial to our success, and we look forward to their numerous and vital contributions.”
For more information on AVT, call (877) 424-3663, or visit: www.autoretail.com
ABOUT AVT:
AVT is a world leader in customized self-service solutions, and has developed patented technologies that have gained international acclaim. The company has been awarded for their innovative vending designs, and is credited with being one of the leading forces in the automated retailing and vending industries.
AVT is a publicly traded company, ticker: AVTC.
