Advanced Communications Expects Revenue to Hit a Record $10 Million for Fiscal 2006; Subsidiary Cyber-Test Reports Exceptionally High Revenue of $900,000 for January.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Advanced Communications Technologies, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : ADVC ADVC Analog to Digital Video Converter ), a New York-based holding company that specializes in the technology aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. service and supply chain known as reverse logistics This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , announced today that its wholly-owned operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , Encompass Group Affiliates, Inc., expects to generate $10 million in revenue for fiscal 2006, a 33% increase as compared with $7,522,000 for fiscal 2005. Encompass' subsidiary Cyber-Test, a Florida-based electronic equipment repair company, is a significant contributor to the substantial revenue projections, with one record breaking month after another over the company's past fiscal year including January, it's highest sales month yet. Cyber-Test reported $900,000 in revenue for January, compared with $676,000 for the same month in 2005, or a 33% increase. Earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
Wayne Danson, president and chief executive officer of Advanced Communications, said, "We are having a very full and productive year with expectations of $10 million in revenue for fiscal 2006. Cyber-Test generated $900,000 in sales last month and continues to show enormous growth potential. Its management team continuously demonstrates its ability to adapt to the ever changing consumer and office electronic technologies without sacrificing its reputation for professionalism and service excellence, a key element in our business strategy." Danson added, "As we previously shared, we have been working on various transactions that will significantly expand our business and we will disclose all details once we are permitted under SEC regulations." Lisa Welton, president of Cyber-Test, said, "Our fiscal year-to-date sales are already in excess of $5.3 million." Welton explained, "We generated $900,000 in sales last month, making January by far our 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. Moreover, improvements to our processes and procurement of new and used parts have reduced our operating costs operating costs npl → gastos mpl operacionales , and increased our margins." Cyber-Test was recently awarded an exclusive national reverse logistics contract with Sling Media Sling Media Inc. is an American private company, specializing in audio and video placeshifting technology. The company is based in San Mateo, California. Their flagship product, the Slingbox, debuted on the US market on July 1, 2005. , Inc. (www.slingmedia.com), which the company announced earlier this month. About Advanced Communications Technologies, Inc. Advanced Communications Technologies is a 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 and provides asset distribution and recovery 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. 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. For more information, visit http://www.advancedcomtech.net, or Cyber-Test's website at http://www.equipfix.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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion