Advanced Communications Subsidiary Cyber-Test is Awarded Million Dollar Monitor Contract.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 Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry , 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 company that, through its principal 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, 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. , today announced that its electronic equipment repair subsidiary, Cyber-Test, has been awarded a contract to manage an advance exchange program for LCD monitors, which includes two national major retail chains. Lisa Welton, Cyber-Test's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said, "We were thrilled when our client asked us to manage this monitor advance exchange program for two nationally recognized retail chains, which will add $60,000 to $80,000 per month, or approximately $1 million annually, to Advanced Communications' revenue." Wayne Danson, Advanced Communications' president and CEO remarked, "This is another example of Cyber-Test's ability to expand its business organically as a result of their service excellence and professionalism." Danson added, "I'd like to take this opportunity to inform our shareholders and colleagues that we have identified, negotiated and mutually agreed to acquire multiple companies in the reverse logistics industry that compliment our business expansion strategy. We expect to share details of this exciting news shortly." Advanced Communications is a rapidly growing company whose business strategy is to become a full service provider of repair, distribution, e-recycle, asset recovery and end-of-life cycle services in the reverse logistics industry. The company recently reported revenue of $7,043,000 for the nine months ended March 31, 2006. About Advanced Communications Technologies Advanced Communications is a New York-based company specializing in the technology aftermarket service and supply chain, known as reverse logistics. Its principal operating unit, Encompass Group, acquires businesses that provide computer and electronic repair services and end-of-lifecycle and asset distribution services. Encompass owns Cyber-Test, an electronic equipment repair company that provides repair and reverse logistics services to third-party warranty companies, OEMs, national retailers and national office equipment dealers including advance exchange, depot repair, call center support, parts and warranty management, fax machines, printers, scanners, laptops, monitors and multi-function units, including 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. |
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