US-Kürzel: ADVC WKN: 923286
Advanced Communications Announces Record-Breaking Revenue for Subsidiary Cyber-Test
21 April 2005, 08:45am ET
NEW YORK, April 21 /PRNewswire-FirstCall/ -- Advanced Communications Technologies, Inc. (BB:ADVC), a vertically integrated technology and services holding company, announced today that its wholly owned subsidiary Cyber-Test, Inc. reported record-breaking revenue for March 2005.
"Cyber-Test specializes in the repair and exchange of printers, fax machines, flat panel monitors, laptop computers, personal digital assistants (PDAs), iPods(TM) and gaming systems," said Lisa Welton, president of Cyber- Test. "With the average family now owning at least one computer system in their home in addition to PDAs, iPods and gaming systems for their children, we know this market is going to continue to explode with the onset of faster, more cost-effective technologies. With revenue topping out at over $710,000 for the month of March, and year-to-date sales at $5.5 million, Cyber-Test is on track for a record-breaking year with projected fiscal year end revenue of approximately $7.2 million."
Wayne Danson, president and chief financial officer of Advanced Communications, stated, "We are thrilled with Cyber-Test's financial performance for March. Cyber-Test's electronic repair business has grown by 28% since we acquired its assets and core business in June 2004."
In business since 1986, Cyber-Test is one of the nation's leading repair depots specializing in the repair and exchange of computer peripheral products. The company continues to expand its product lines, increase its customer base and offer specialized services to original equipment manufacturers, third-party administrators and dealers. Cyber-Test's ever- evolving menu of services and varied product support has led to a continued increase in business.
"Cyber-Test is committed to growth and will continue to respond to our customers' need for product repairs and services, so that we can further expand our market share nationwide," said Welton.
The market for repair and exchange through extended service contracts sold by retail stores, manufacturers and other resellers continues to grow rapidly. This is a result of the increasing importance that technology products have in the daily lives of end users and in the conduct of business and the resulting need to protect the investment made in these products.
About Cyber-Test
Located in central Florida, Cyber-Test currently repairs approximately 6,000 units each month, including printers, laptops, monitors and PDAs. Cyber- Test offers Level II and Level III call center technical support, service contract administration and support and asset recovery programs. Cyber-Test has been in continuous operation since 1986. The company's expertise is rooted in depot repairs, advance exchange services, reverse engineering logistics, help desk technical support, parts and consumable sales. The company has built its reputation by exceeding its customers' expectations with exceptional quality, industry leading turn times, a full suite of Internet reporting tools, and a strong customer service philosophy. For more information, visit Cyber-Test's website at http://www.equipfix.com .
About Advanced Communications Technologies Inc.
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ADVC 0.0012 Up0.0004dollars or (50.00%)
Advanced Communications Technologies, Inc. is a publicly traded New York City-based vertically integrated technology and services holding company that, through its majority owned subsidiary, Pacific Magtron International Corp., is a distributor of hardware components, computer systems and software products, and through its wholly owned subsidiary and principal operating unit Encompass Group Affiliates, Inc., is a provider of board-level repair of technical products to third-party warranty companies, OEMs, national retailers and national office equipment dealers. Service options include advance exchange, depot repair, call center support, parts and warranty management for office equipment, fax machines, printers, scanners, laptop computers, monitors and multi-function units, including high-end consumer electronics such as PDAs and digital cameras. Additionally, through its wholly owned investment subsidiary Hudson Street Investments, Inc., Advanced Communications makes strategic minority investments in public and private companies. For more information, visit Advanced Communications' website at http://www.advancedcomtech.net .
A profile for investors on Advanced Communications may be found at the website http://www.hawkassociates.com/advancedcommunications/profile.htm .
An online investor relations kit containing Advanced Communications' press releases, SEC filings, current Level II price quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.hawkmicrocaps.com .
This release and oral statements made from time to time by the company's representatives concerning the same subject matter may contain "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by introductory words such as "expects," "plans," "intends," "should," "believes," "will," "estimates," "forecasts," "projects" or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by the company with the Securities and Exchange Commission, which should be considered together with any forward looking statement. No forward looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements. |
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