AVT Reports Record Revenues for 2007

As of December 31, the company had an order back log of USD 23 million, an increase of 145 percent over 2006. Order back log (excluding GMI) was USD 10.94 million, up 16.5 percent compared to 2006.

AVT’s strategic commitment to investment in R&D is based on the continuous dialogue with industry leaders and press manufacturers to understand their needs. Research and development expenses (excluding GMI) increased to USD 4.5 million in 2007, up 29 percent over 2006 results (USD 3.5 million). This increase in investment is owed largely to R&D activities as we move towards the industry’s most important print trade show, DRUPA, in May 2008.