HISTORY IN THE MAKING
OMF Audiovisual, Inc. is launched by Office Machines and Furniture in Bismarck, ND. Joe Stoebner is named General Manager of this new audiovisual equipment supply company.
OMF Audiovisual, Inc. is purchased by Joe Stoebner, renamed Audiovisual, Inc. and moved to a new location.
Joe Stoebner purchases a personal plane to expedite equipment delivery and installation.
Offices are added in Des Moines, IA and Omaha, NE.
The first annual Golden Eagle Award ceremony is held in Des Moines. It recognizes outstanding individual achievements in striving for excellence, best practice management, and improvements in the workplace.
Audiovisual, Inc. opens a Minneapolis, MN office for audio, video, presentation and conferencing systems integration.
With the opening of its Kansas City, KS office, Audiovisual, Inc. formally enters the video conferencing market.
The acquisition of Bismarck-based Audio Systems Company adds sound masking, sound reinforcement and security systems to Audiovisual, Inc.'s portfolio of offerings.
The company establishes a Total Quality Initiative for the development of technical standards and processes.
Offices open in Chicago, Milwaukee, Madison and Grand Rapids.
Audiovisual, Inc. launches the Advanced Managed Services group, providing high-end AV/IT engineering, enterprise control systems programming and project management.
Audiovisual, Inc. and all subsidiaries begin operating under the corporate name of AVI Systems, Inc.
AVI Systems launches multiple branded products, including Digital Signage, Asset Management and Conference Support. Jeff Stoebner is named CEO.
AVI Systems becomes a 100% employee-owned company.
AVI opens a facility in Denver, CO; acquires Antech Labs of St. Louis, MO; and launches a state-of-the-art Global Professional Support Center in Minneapolis, MN. AVI Systems rebrands with new logo.
Trace AVI Systems' growth from a small supply company born 40 years ago in North Dakota into a global provider of audio visual solutions across the spectrum of commerce, business and education.
Freedom to move forward Most organizations have one principal requirement for their AV solution: that it free them to do their job. The best system is one that opens the lines of communication, and then gets out of the way. Which is why we also design our systems to be easy to integrate, intuitive to operate, and simple
More solutions, for more industries From presentation and collaboration systems to new broadcast media technologies, AVI Systems designs, integrates and supports audiovisual solutions for a broad cross-section of American industry and government. With 16 offices throughout the Midwest, Central South West and on the West Coast, we have both a regional presence and nationwide scope.
We’re an open book company
AVI Systems has invested heavily in systems, infrastructure and personnel to better serve our customers, and those investments are generating tangible financial results. Revenue for the fiscal years ending March 31, 2014 and 2013 has grown 20% and 29%, respectively. Over this period, AVI has maintained approximately $26 million of working capital, and our current ratio is better than 2.0 to 1.0. There is also a significant amount of liquidity in our working capital assets, and our metrics for managing and measuring inventory and accounts receivables are some of the best in our industry.Download our Detailed Financials
AVI is debt free We have also made notable progress in terms of our capital structure.
We have no bank or term debt, and with Debt to Tangible Net Worth and Debt to Equity ratios of 0.8 to 1.0 and 0.7 to 1.0, respectively, AVI Systems has the capital and financial wherewithal to hire leading-edge talent and invest in the systems and infrastructure that are the prerequisite to providing best-in-class service to our customers.
Top-of-the-line insurance For government agencies, large contracts, and corporate enterprises, AVI maintains top-notch protection to back up your decision. We offer general liability with a minimum of $10 million and a preapproved bid bonding capacity of $6 million, with $18 million in aggregate performance bonds. This level of protection qualifies AVI to undertake any project.