American Access Technologies Earmarks Influx of Up to $15 Million for Expansion.

Business Editors/Technology Writers

LAKE MARY, Fla.--(BUSINESS WIRE)--May 2, 2000

American Access Technologies, Inc. (Nasdaq:AATK), today announced its $15 million stock purchase agreement with Crescent International Ltd., Geneva, Switzerland. The equity line will be drawn over the next several months to complete expansion projects such as American Access' B2B e-commerce portal, and as an influx of working capital for equipment, acquisitions, and to complete larger metal fabricating jobs.

"We will immediately draw the first $1.9 million for completion of our state-of-the-art telecommunications portal, which will debut this summer. We are making every effort to offer engineers and infrastructure designers the premiere site for one-stop shopping when constructing cost-effective cabling projects," said American Access President John Presley.

The Company remains virtually debt-free after doubling its manufacturing facilities, acquiring the assets of a generator-cover manufacturing company, and adding a powder-coating system to its repertoire in fiscal year 1999. Additional acquisitions and equipment are planned in 2000.

"No other investors have done as much due diligence as the people at Crescent have done to determine whether we are a quality company headed in the right direction. We are pleased that our new investors have confidence in management. We welcome their involvement, and look forward to much growth in the future," Presley said.

Wall Street investment banking firm M.S. Farrell and Co., Inc. acted as agent for the private placement.

American Access manufactures zone cabling units that mount in ceilings, raised floors, and in custom furniture. The Company's concept of "zone cabling" reduces costs of installation and maintenance by as much as 70%, while providing versatility for voice and data infrastructures.

Publicly-held companies that are customers of American Access include: Sun Microsystems; Lucent Technologies; IONA; SGI; Baan Company N.V.; Qwest Communications International Inc.; Fina, Inc.; First Data Corporation; Gateway 2000 Inc.; Harris Corporation; Household International Inc.; Iomega Corporation; Mobil Corporation; Cisco Systems, Inc.; and Level 3 Communications, Inc. Several private corporations, school districts and other government entities also are American Access customers.

News and product/service information are available at www.aatk.com.

Note: This press release for American access Technologies, Inc. may contain forward-looking statements as defined in Section 27A of the Securities Exchange Act of 1934, regarding events, conditions and financial trends that may affect the Company's 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.