Advanced Communications Technologies, Inc-New Acquisitions - Total Solution Wireless Network provider - 2001.NEW YORK--(BUSINESS WIRE)--Nov. 18, 1999-- The Board of Directors of Advanced Communications Technologies, Inc. ("ACT") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ADVC ADVC Analog to Digital Video Converter ) announced today that it has completed the acquisition of majority equity in World IP, Inc., a facilities based carrier, with ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. gateways operating in Brazil, Argentina, Chile and Venezuela. A Real Audio broadcast of this press release is available for replay at: http://www.wallstreetnewscast.net in ADVC's Profile Section. The Chief Executive Officer, Roger May also stated that the acquisition of a majority equity in two other communications companies is well advanced, and expected to be completed before the end of 1999. The new acquisitions are consistent with the company's objectives of becoming a next generation total solution wireless network carrier for the communications industry for the next century. May also said, "the company is currently completing the acquisition of a "Spectrum Efficient point-to-point Digital Microwave" (SEM) backbone link. The SEM has a currently installed base of more than 100 units internationally. Operating at 1024 QAM (1) (Quality Assessment Measurement) A system used to measure and analyze voice transmission. (2) (Quadrature Amplitude Modulation) A modulation technique that employs both phase modulation (PM) and amplitude modulation (AM). , the backbone link provides 3-4 time more call carrying capacity carrying capacity the number of animal units that a farm or area will carry on a year round basis, including that needed for conservation of winter feed. Usually stated as dry cows or dry sheep equivalents per hectare. , within the same spectrum, than most other microwave network links currently used by the major carriers." The company is also purchasing a Wireless Local Loop technology that is also currently operational. Full details will be made available upon the completion of the acquisitions. When combined with the company's "SpectruCell" Multiple Protocol Wireless base station, ACT will be able to provide a total solution wireless network, capable of terminating voice and data calls to both mobile telephone networks, and fixed network home/office phones. The SpectruCell network will be essentially "future proof" as it is software upgradeable, has open architecture, and most importantly, can carry all current and evolving protocols (CDMA (Code Division Multiple Access) A method for transmitting simultaneous signals over a shared portion of the spectrum. The foremost application of CDMA is the digital cellular phone technology from QUALCOMM that operates in the 800 MHz band and 1.9 GHz PCS band. , GSM, W-CDMA See WCDMA. , 3G. etc.) over the same network. It will also allow for "spread distribution" network operation, eliminating the majority of the centralized switching bottlenecks currently being experienced by most carriers. SpectruCell, the SEM link, and the WLL See wireless local loop and PHS-WLL. , will all be proprietary technologies owned by the company and its affiliates. May also advised, that the investment Memorandum prepared by Pricewaterhouse Coopers Securities to raise AU$20 million for the R&D facility in Australia is now available. Completion of this interim funding is expected in early 2000. ACT is well placed to be a major wireless communications provider, with proprietary wireless network facilities that can be rapidly deployed in both traditional markets, and especially in the evolving third world regions. More information about ACT is available at http://www.adcomtech.net The foregoing contains forward-looking information within the meaning of The Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized. |
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