| | New York, September 27, 2005 -- Advanced Communications Technologies, Inc. (OTC Bulletin Board: ADVC), a diversified New York-based holding company that specializes in the technology aftermarket service and supply chain known as reverse logistics, announced today that its wholly owned subsidiary Cyber-Test, a Florida-based electronic equipment repair company, reported record-breaking revenue for August that exceeded $840,000 compared to $610,000 for the same month in 2004.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> "Our fiscal year-to-date sales are already over $1.5 million, which covers just July and August," said Lisa Welton, president of Cyber-Test. "We generated more than $840,000 in sales last month, making August by far Cyber-Test's most successful revenue-producing month in the company's history. Our business is increasing, a result of the value that technology products have in the daily lives of our customers, and their need to protect the investment they have made in these products." Wayne Danson, president and chief executive officer of Advanced Communications, said, "The record-breaking results for August demonstrate Cyber-Test's continuing success and enormous growth potential. For example, Cyber-Test's revenue for July and August was $1.51 million compared to $1.23 million for the same period last year, or an increase of 23%." Cushman & Wakefield, the company's corporate real estate advisor, is actively pursuing options for an expanded facility to meet the product repair and service demands of Cyber-Test's customers. Cyber-Test's electronic repair business has grown by over 30% since Advanced Communications acquired it in June 2004, and as the market for repair and exchange through extended service contracts sold by retail stores, manufacturers and other resellers continues to grow. The reverse logistics industry that Advanced Communications seeks to become a leader in is, according to D.F. Blumberg & Associates in a report published earlier this year, a $60 billion <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />U.S. technology aftermarket services industry, which is highly fragmented and ripe for consolidation. It encompasses all operations relating to the reuse of products and materials, or the collection and disassembling process of used products and product parts, in order to ensure an environmentally friendly recovery. The reverse logistics industry has seen a dramatic increase in demand for services such as technical support, repair, asset recovery, end-of-life product management, disposal and recycling. This rapidly emerging market is a result of environmental regulations, outsourcing trends and accelerating product lifecycles across numerous technologies. Advanced Communications believes it will be well-positioned to effectively consolidate this market. About Cyber-Test, Inc. From its roots in the space industry more than 19 years ago, Cyber-Test, based in Longwood, Fla., provides 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. The company repairs and services fax machines, printers, scanners, laptop computers, monitors, multi-function units and high-end consumer electronics such as PDAs and digital cameras. Programs are delivered nationwide through proprietary systems that feature real-time EDI, flexible analysis tools and repair tracking. For more information, visit Cyber-Test's website at http://www.equipfix.com. About Advanced Communications Technologies Inc. Advanced Communications Technologies is a diversified New York-based public holding company specializing in the technology aftermarket service and supply chain, known as reverse logistics. Its wholly owned subsidiary and principal operating unit, Encompass Group Affiliates, Inc., acquires and operates businesses that provide computer and electronics repair and end-of-lifecycle services. Encompass owns Cyber-Test, Inc., an electronic equipment repair company based in Florida that provides board-level repair of technical products to third-party warranty companies, OEMs, national retailers and national office equipment dealers. 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.americanmicrocaps.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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