American Access Technologies Agrees to Acquire Omega Metals in $4.5 Million Stock Transaction.

ALTAMONTE SPRINGS, Fla.--(BUSINESS WIRE)--July 28, 1998--American Access Technologies, Inc. (OTC Bulletin Board: AATK) announced today that it has signed a letter of intent to acquire privately held specialty metals manufacturer Omega Metals, Inc. of Keystone Heights, FL in a pooling-basis transaction for 200,000 shares of American Access common stock with an indicated present market value of $4.5 million.

American Access President Richard A. Murray said that Omega, which serves as one of its parts subcontractors, generated approximately $4.5 million in annual revenues and net income of approximately $1 million in 1997.

"This acquisition is the first step in our plan to solidify production capability for our Zone Cabling products. But in addition to servicing our own internal growth, Omega will continue to generate revenues from a broad range of other customers," said Murray.

"Omega Metals has been proud to provide high quality components to American Access for its line of innovative telecom products. We are delighted to join a company that is reshaping the industry," said Omega President John Presley, who will continue as CEO of the new Omega unit of American Access.

American Access Technologies, Inc. is a telecommunications technology company whose innovative products are designed to support the evolving structured cabling system components of the telecommunications industry.

Introduced in 1997, American Access' patented, UL-approved Zone Cabling Termination (ZCTC) applies the concept of "Zone Cabling" to replace conventional telecommunications wiring. By situating a 2-ft. x 4-ft. ZCTC "mini phone closet" in the ceiling or floor nearby phones, faxes and workstations, wiring for these devices need only extend a short distance -- versus all the way out to a conventional "phone closet" several hundred feet away. The ZCTC unit itself is connected to the conventional "phone closet," or directly to the Main Distribution Frame, via a single cable, thereby eliminating miles of wiring in the typical building. Bypassing conventional "phone closets" in this manner enables corporate offices, technical centers, schools, labs and hospitals to greatly reduce recabling costs as their needs change. Zone cabling is estimated to reduce the long term cost of installing and maintaining a telecom wiring system by as much as 70%. Closing of the acquisition is subject to completion of all due diligence and execution of a definitive agreement.

Note: This press release for American Access Technologies, Inc. contains forward-looking statements as defined in Section 27A of the Securities Exchange Act of 1934, regarding events, conditions and financial trends that may affect operating results and financial position. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual events or results may differ from the company's expectations, which are subject to various risks and uncertainties listed in the company's SEC filings.

   CONTACT: American Access Technologies, Inc.
             Richard A. Murray, CEO
             [phone]
              www.aatk.com
                   or
             Omega Contact:
             John Presley, President
             [phone]
                   or
             Agency Contact:
             Sam Cavior, The Cavior Organization
             [phone] / [e-mail]