Advanced Communications Technologies, Inc. - Equity Acquisition Completed, Talks With Mitsui & Co, Australon Public Listing.

Business Editors

NEW YORK--(BUSINESS WIRE)--May 15, 2000

The Board of Directors of Advanced Communications Technologies, Inc. ("ACT USA") (OTC BB -"ADVC") announced today that the formal agreement for the acquisition of a twenty percent (20%) equity interest in ACT (Australia) Pty Ltd (ACT AUS) was completed and executed by both parties.

ACT AUS owns the worldwide rights to the "SpectruCell" Multiple Protocol (CDMA,GSM,3G) Wireless Base Station currently under production in Australia, while ACT USA has the licensing and distribution rights for "SpectruCell" throughout the North and South American continents. ACT AUS also owns a majority interest in Australon Pty Ltd, a LonWorks technology company specializing in the development, production and sale of "leading edge" technological applications of the LonWorks technology.

MITSUI & CO. - "SpectruCell"

The Chief Executive Officer, Roger May, also announced that following several months of discussions, Senior management of Mitsui & Co. and Advanced Communications Technologies met at the Mitsui headquarters in Tokyo, Japan to pursue discussions in regard to Mitsui, and ACT AUS and ACT USA forming a strategic relationship in connection with several aspects of the SpectruCell Multiple Protocol Wireless Base Station Technology.

Mitsui's position as one of the world's premier equipment distribution companies makes it the perfect strategic partner for the distribution of the SpectruCell multiple protocol wireless base station technology. The discussions also included the marketing and distribution of SpectruCell through Mitsui's 150 offices around the world, as well as a possible joint venture rollout of SpectruCell wireless networks in several South American countries.

"We feel very confident that Mitsui could be a perfect strategic partner for Advanced Communications Technologies, especially when considering their enormous infra-structure resources throughout the world, and also from the perspective that Mitsui does not have its own wireless technology to support, unlike most of the companies that have expressed interest in the SpectruCell technology" said ACT's CEO Roger May.

May also confirmed that no definitive agreement or relationship of any nature had been agreed upon at this stage, but that negotiations were ongoing.

AUSTRALON

During a recent two-week visit to China, Korea, and Taiwan, Australon Pty Ltd met with a number of large corporations including Samsung, Korea Telecom, Ditco (Daelim), Korea, NTT Communications, Singapore and the Haier Group, China. These companies have all expressed significant interest in Australon products for applications in building and home automation and electrical products manufacture. Agreements have been initiated, by these companies, for Australon to provide product as per specification.

The value of these orders is in excess of $AU 200 million, with many more additional orders expected during the next few weeks as a result of the Asian trip.

Australon Pty Ltd a seventy percent (70%) owned subsidiary of ACT AUS, has recently entered into a formal agreement to complete the acquisition of an Australian Stock Exchange (ASX) publicly listed company named Gawler Gold Pty Ltd. The transaction is in process awaiting completion of the independent valuation from Deloitte, Touche Tohmatsu, and the regulatory approval of the transaction from the Australian Stock Exchange. At the completion of the acquisition Australon will receive AU$25 million from cash on hand and options.

Once the ASX compliance requirements have been met and approved, Australon Ltd will be the surviving publicly listed company with ACT AUS having a substantial majority control.

Australon's position as one of only a small number of LonWorks independent developers (L.I.D.'s) in the world, together with its proprietary interface board for the rapid production of complicated network control applications has produced a snowball effect in attracting new business. Australon plans to open offices on the west coast of America in the near future.

ACT USA (ADVC)'s recent acquisition of a twenty percent (20%) equity interest in ACT AUS means it will benefit substantially from the Australon Pty Ltd merger.

ACT has yet to find or identify a legitimate competitor for its leading edge SpectruCell technology, the prototype of which is scheduled for release in the third quarter of 2000.

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.