AVT Reports Record Results

AVT’s Q1 2008 service revenues increased to $2.7 million, 383.4 percent over same period last year and 21.6 percent over Q4 2007. The sharp increase in service revenues is mostly attributable to the acquisition of GMI that increased AVT’s service revenues to 16 percent of total revenues compared with 7.2 percent at the same period last year. Service orders received during the first quarter of 2008 totalled $3.0 million.