Advanced Communications Technologies, Inc. - Announcement of $13 Million Funding Agreement with Ladenburg Thalmann & Co.

Business Editors

NEW YORK--(BUSINESS WIRE)--July 6, 2000

The Chief Executive Officer of Advanced Communications Technologies, Inc. (OTC BB - "ADVC") Roger May announced today that the company had completed documentation for a funding agreement with Ladenburg Thalmann & Co Inc ("LTOC") for two equity placements totaling $13 million.

Ladenburg Thalmann is a 125-year-old full-service investment bank and one of the oldest members of the New York Stock Exchange, having been established in 1876. It has five brokerage houses located across the country and its research analysts actively cover more than 80 companies in numerous fields and monitor over 200 companies. Since 1991, the company has completed in excess of $6.5 billion in public and private financing and approximately $10.9 billion in total corporate finance transactions.

Ladenburg Thalmann has the reputation of being one of the premium investment banks specializing in the small cap market stocks.

There are two proposed tranches in the placement with the initial placement being for $1 million, which is anticipated to be funded before the end of July, 2000, and the second funding is for $12 million, with an agreed upon payment schedule.

"We are delighted to have a premier firm like Ladenburg Thalmann show such confidence in our company by supporting this placement," said Roger May. "Upon completion of the 'best efforts' placement, the capital injection will allow us to complete the acquisition of a number of previously identified companies in the USA, and will also assist with the roll out and distribution of the company's exciting new licensed product, SpectruCell."

SpectruCell is a "state of the art" multiple protocol operating system for mobile wireless network products, that is well placed to become the primary communications network operating system for all wireless communications technologies in the 21st Century.

A SpectruCell network differentiates itself from existing communications networks by being able to process and transmit all communications protocols (CDMA, GSM, 3G, etc.), as well as the new wireless internet applications, all within the same network.

"The companies that are planned to be acquired by ADVC will form an important base through which Advanced Global Communications - a wholly owned subsidiary of ADVC - will conduct test marketing of products throughout the Americas, which are being developed by ACT in Australia," said Roger May. "I believe we are now well on our way to achieving our goal of becoming one of the world's leading wireless communications providers."

New Personnel

Roger May also announced that Mr. Jeremy Norton, who joined ACT (AUS) in January 2000, from PriceWaterhouseCoopers Securities in Australia, relocated permanently to the ACT Inc. office in Irvine, California on June 27th, 2000. Mr. Norton has transferred to the US to assist with finalizing several mergers and acquisitions, as well as to help expand both the corporate and sales and marketing infrastructure of ACT Inc. in the US.

His knowledge of the Australian operations combined with his several years of business experience in the USA prior to joining PWC back in Australia, will be of great assistance to ACT, Inc.

The foregoing contains forward-looking information within the meaning of The Private Securities 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.