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Advanced Communications Technologies, Inc. - Total Wireless Network Provider - New Acquisitions & Revenues.


NEW YORK--(BUSINESS WIRE)--Nov. 30, 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 Advanced Global Communications, Inc. (AGC AGC Automatic Gain Control
AGC Automotive Glass Cartridge (fuse)
AGC Associated General Contractors
AGC Associated General Contractors of America
AGC Atypical Glandular Cells
AGC Attorney-General's Chambers
), the wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of ACT, has completed contracts with Global Telecommunications International (GTI GTI Gas Technology Institute
GTI Global Taxonomy Initiative
GTI Good Time Interval
GTI Guelph Turfgrass Institute
GTI Green Theme International
GTI Gordon Training International
GTI Georgia Transportation Institute
GTI Group Travel Insurance
), a UK based multi-service carrier terminating into the India, South Africa and Pakistan, using a new high quality Voice IP /GEO Satellite network backbone link.

James Rennie, President of AGC, also announced that ACT/AGC has entered into an agreement in principle to purchase equity in GTI. A Letter of Intent regarding the proposed acquisition is expected to be finalized this week. The initial circuits, already in place, are expected to produce $20 million ($20,000,000) in annualized annualized

Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared.
 revenues during the fiscal year 2000. However, the agreement also calls for ACT/AGC to provide an additional $2 million dollars of additional working capital to finance the expansion of the international circuits that will utilize the 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
 switching facilities, recently contracted for by AGC. The proposed expansion of operations is expected to increase the projected revenues substantially above present estimates.

ACT/AGC has also completed sales contracts last week with Direct Link Communications (DLC (1) (Data Link Control) See data link and OSI.

(2) (Data Link Control) The data link layer protocol (layer 2) that is used in IBM's SNA networking. See SNA, data link protocol and Microsoft DLC.
), a New York based carrier with direct connections to over 35 carriers, and approximately 140 sub-carriers in prime US metropolitan areas, for the purchase of the international network capacity contracted with GTI, which further utilizes the US based and international links AGC has established over the past four months. The new AGC circuits were successfully tested last week in New York. The initial contract provides for the termination of 2 million minutes of traffic, commencing in December 1999, and rapidly building to 14 million minutes of traffic per month. Rennie also announced that ACT/AGC has also entered into an agreement in principle to purchase equity in DLC, together with another associate communications company, that owns major network routes into Colombia, and other South American regions. The company also has 30 sales locations in New York. The Letter of Intent is expected to be completed within the next two weeks. Currently projected revenues for the fiscal year 2000 are $30 million ($30,000,000) annualized, although these are also expected to be increased substantially with the provision of an additional $2 million in working capital by ACT/AGC.

ACT/AGC is also proceeding with negotiations for the acquisition of two other communications companies, one of which is a major C-LEC in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
. The company expects that these acquisitions will be successful. Full details should be announced in the next fourteen days.

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, while also establishing a major US based and international network for the origination and termination of international communications traffic, utilizing the latest Voice IP and ATM switching/backbone technologies.

Including projected revenues for the recent acquisition of World IP, 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, and allowing for the expansion of the current network facilities via the proposed provision of up to $5 million dollars of additional working capital to the various enterprises by ACT/USA, the company's share of combined annualized revenues for the recent acquisitions, should exceed $100 million dollars ($100,000,000) annualized at the end of the next fiscal year.

ACT - Next Generation Wireless Network Provider

The company's main initiative is still the implementation and sale of ACT's proprietary technologies (SpectruCell, SEM, WLL See wireless local loop and PHS-WLL. ). With the combination of these technologies 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, will all be proprietary technologies owned by the company and its affiliates.

ACT is well placed to be a major wireless communications provider, with proprietary wireless network facilities that can be rapidly deployed in both traditional western markets, and especially in the evolving third world regions.

The above-mentioned revenue projections do not allow for any revenues from the sale of Act's SpectruCell Multiple Protocol Wireless Base Station, due in late 2000, or the Wireless Local Loop (WLL) link. Similarly, no sales revenues have been included projected for the Spectrum Efficient Microwave Link 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).
 system (SEM) that already has a substantial installed base, or the AUSTRALON LonWorks applications that are expected to be substantial during 2000.

More information about the operations and activities of ACT is available at, 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.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 30, 1999
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