Advanced Communications Technologies Inc Announces Update of Australon Limited Stock Code Details.Business Editors LOS ANGELES--(BUSINESS WIRE)--Jan. 12, 2001 Advanced Communications Technologies Inc (ACT) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ADVC ADVC Analog to Digital Video Converter ) today announced updated stock code details for one of ACT's Australian associated companies, Australon Limited. As detailed in Australon's Information Memorandum dated 20 November 2000 and in various public releases made since that date, the Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. (ASX ASX See: Australian Stock Exchange ) had indicated that the ordinary shares of Australon Limited would be re-listed on the ASX at 10.00am on Monday, 15 January 2001 under the name Australon Limited and the ASX code AUR AUR Acute Urinary Retention AUR Association of University Radiologists AUR Automated Underreporter AUR Available Upon Request AUR All Up Round AUR Access Usage Record AUR Asociación Uruguaya de Radioprotección AUR Average Unit Revenue AUR Asset Utilization Ratio . Due to technical difficulties encountered with the ASX computer systems, the exchange has advised Australon that it will not be possible for the initial re-listing of its shares to occur under the company's new name and ASX code. Accordingly, Australon has advised that its shares will re-list on Monday, 15 January 2001 as previously announced, but that they will initially be quoted under its previous name and code, i.e. as Gawler Gold and Mineral Exploration Limited and under the code GAW. The ASX has advised that this problem will be rectified within several days of the re-listing, at which time Australon's ASX trading name and code will be changed to Australon Limited and AUR. Australon apologises for any inconvenience which may be caused. About Australon Australon Limited exclusively operates in the multi-billion dollar interconnected monitoring and control system industry. The company's principal business focus is to design, develop and market a range of products for the rapidly expanding interconnected remote monitoring and control systems industry. Australon has as its marketing focus both the Australian and the international markets, where its established and expanding range of innovative products provide solutions to meet the growing worldwide demand for interconnected monitoring and control systems. It will be one of the first ASX-listed companies to exclusively operate in this exciting and rapidly growing sector. Australon utilises the now widely accepted "LonWorks" technology as the platform for its products. This technology was developed by the United States based Echelon Corporation (Nasdaq:ELON), a company with which Australon has developed a close and successful working relationship. About Advanced Communications Technologies 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 the use of Qualcomm (Nasdaq:QCOM QCOM Qualcomm, Inc. (stock symbol) ) chipsets, and protocol specific hardware, by conducting all signal processing in software, SpectruCell provides for simultaneous support of multiple mobile communications 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. , 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. , 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. , GSM & 3G) all in the same base-station. Support for additional protocols is achieved through the uploading of additional software modules. By implementing the company's SpectruCell technology network providers will be able to maintain service to their existing customer base and preserve the full utilization of their existing network infrastructure while at the same time securing a highly flexible migration path for evolving 3G-based protocols such as WCDMA and UMTS. SpectruCell is complemented by several other wireless technologies currently under development in Australia. Advanced Communications Technologies Inc. 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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