American Access (NASDAQ:AATK)
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American Access Technologies Reports Record Sales of $2.1 Million
for Second Quarter 2005
All-Time Best Quarter Sales in Corporate History Leads to 29% Sales Growth for
Six Months Ended June 30, 2005
KEYSTONE HEIGHTS, Fla., July 11 /PRNewswire-FirstCall/ -- American Access
Technologies, Inc. (NASDAQ:AATK) is pleased to announce that preliminary
unaudited sales for the three months ended June 30, 2005 were approximately
$2,100,000, an increase of 20% over second quarter 2004 sales of $1,754,514.
For the six months ended June 30, 2005, preliminary unaudited sales were
$3,900,000, a 29% increase over the 2004 period.
The second quarter 2005 marked the eleventh quarter out of the last twelve with
year-over-year quarterly sales increases. Significant factors contributing to
the increase in sales in second quarter 2005 include: continued solid execution
of our overall internal sales and marketing plan, production from our new laser
cutting machine which enables the Company to compete for new customers as well
as to improve the efficiency of current manufacturing processes, strategic
marketing campaigns by the Company's sales partners, the training and education
of end users and the adoption of industry standards for zone cabling and
wireless products.
Joe McGuire, Chief Financial Officer, commented, "Our performance this quarter
and year-to-date gives us three years of consistent, steady sales growth. All
indicators lead us to anticipate that this positive trend will continue for the
balance of the year."
"We are on track to reach our announced goal of achieving profitability in
fiscal 2005. Every employee of American Access is focused on doing their part
to enable us to deliver strong financial results and increased value for
American Access shareholders."
Detailed information on financial results for the second quarter 2005 are
included in the Company's Quarterly Report on Form 10-QSB that will be filed
with the Securities and Exchange Commission in approximately 20 to 30 days. The
preliminary results noted above are subject to revision.
About American Access Technologies, Inc.
American Access Technologies, Inc. manufactures patented zone cabling and
wireless enclosures that mount in ceilings, raised floors, and in custom
furniture, for routing of telecommunications cabling, fiber optics and wireless
solutions to the office desktop. The Company's concept of "zone cabling"
reduces costs for initial network installation and facilitates moves, adds,
changes and upgrades for the network installations of today and tomorrow. The
Omega Metals division manufactures proprietary products, and also employs
state-of-the-art metal fabrication and finishing techniques for public and
private companies and U.S. government contractors.
Our Company SEC filings, news and product/service information are available at
http://www.aatk.com/.
Cautionary Note Concerning Forward Looking Statements: This press release
contains forward-looking statements as defined in Section 27A of the Securities
Exchange Act of 1934, regarding future revenues and profits. While the Company
believes that such forward looking statements are based on reasonable
assumptions, there can be no assurance that such future revenues and profits
will be achieved or achieved on the schedule indicated. Furthermore,
unanticipated future events, conditions and financial trends may affect the
Company's revenues, operating results and financial position. Prospective
investors are cautioned that these forward-looking statements are not
guarantees of future performance. Actual events or results may differ from the
Company's expectations, and are subject to various risks and uncertainties,
including those listed in the Company's SEC filings. The Company assumes no
obligation to publicly update or revise its forward-looking statements even if
experience or future events make it clear that any of the projected results
expressed or implied therein will not be realized.
Company Contact: Joe McGuire, Chief Financial Officer
(352) 473-6673/
DATASOURCE: American Access Technologies, Inc.
CONTACT: Joe McGuire, Chief Financial Officer of American Access
Technologies, Inc., +1-352-473-6673,
Web site: http://www.aatk.com/