Advanced Communications Technologies Announces Filing of Application for AMEX Listing.Business and Technology Editors IRVINE, Calif.--(BUSINESS WIRE)--Dec. 18, 2000 Advanced Communications Technologies Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ADVC ADVC Analog to Digital Video Converter ), today announced that it had submitted an application to list the company on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (AMEX AMEX See: American Stock Exchange ). The application is subject to AMEX approval with notification expected within 60-90 days. Commenting on the application, Roger May, Chief Executive Officer said, "Achieving a listing of our stock on the AMEX exchange will provide the company with far greater visibility within the investment community. We would also have the added advantage of gaining a specialist on the floor of the exchange which would provide a much fairer and more stable market for the company's stock". The filing of the AMEX application marks the latest in a series of strategic moves for the company which includes the filing of a second patent for its Spectrucell multiple protocol mobile wireless base station technology. About AMEX As the nation's second largest floor-based exchange, the American Stock Exchange has a significant presence in common stocks, index shares and equity derivative In finance, an equity derivative is a class of financial instruments whose value is at least partly derived from one or more underlying equity securities. Market participants trade equity derivatives in order to transfer or transform certain risks associated with the securities. On the Amex, trading is conducted through an advanced centralized Specialist system combining the speed of computer delivered orders with the liquidity of customer driven markets. Today, Amex is on the leading edge of exchanges worldwide in developing successful new investment products and innovative services for companies and investors. Amex members represent a comprehensive cross-section of the nation's leading brokerage houses, including 661 regular members who transact business in equities and options, and 203 options principal members who execute transactions in options only. About ADVANCED COMMUNICATIONS TECHNOLOGIES INC. Advanced Communications Technologies Inc. (OTCBB: ADVC) is a leader in the field of Software Defined Radio A wireless terminal (phone, PDA, etc.) that is reconfigurable via software. It enables wireless devices to be easily updated to new or later versions of the air interface and allows multiple interfaces to be supported. that in conjunction with its Australian based affiliate has developed a proprietary, multiple-protocol wireless base station, "SpectruCell". Through eliminating protocol specific hardware and conducting all signal processing in software, SpectruCell allows for simultaneous support of multiple mobile communications protocols. Support for additional protocols is achieved through the uploading of software modules. By implementing the company's SpectruCell technology network providers will be able to service their existing customer base and preserve existing network infrastructure while at the same time securing a highly flexible migration path for evolving 3G-based protocols such as WCDMA (Wideband CDMA) A 3G high-speed digital data service provided by cellular carriers that use the TDMA or GSM technology worldwide, including AT&T (formerly Cingular) and T-Mobile in the U.S. and UMTS (Universal Mobile Telecommunications System) The GSM implementation of the 3G wireless phone system. Part of IMT-2000, UMTS provides service in the 2 GHz band and offers global roaming and personalized features. . SpectruCell is complemented by several other wireless technologies currently under development. Advanced Communications Technologies plans to market these products throughout North, South and Central America. For more information regarding Advanced Communications Technologies, visit www.act-usa.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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