American Access Technologies Key Product Line Soared 165% in 4th Quarter; Total Company Sales Rose 12% Despite Plant Relocation.Business Editors LAKE MARY, Fla.--(BUSINESS WIRE)--Jan. 10, 2000 Telecommunications equipment manufacturer American Access Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on SmallCap: AATK AATK Always At the Keyboard ) today reported preliminary sales for its fourth quarter ended December 31, 1999. The company posted a 12% increase year-to-year despite interrupted production from plant relocation and the closing of Carlisle Container, a major metal fabricating customer. Preliminary sales for the three months ended December 31, 1999 were approximately $1,420,000 compared with $1,269,889 recorded for the same three month period in 1998, an increase of 12%. Preliminary sales for calendar 1999 increased nearly $600,000 or slightly more than 12% to approximately $5,525,000 from the $4,936,204 recorded in 1998. Audited financial statements for the year, including income statements, are expected to be released in March. American Access president John Presley said that preliminary sales figures for zone cabling products rose to approximately $244,000 for the three months ended December 31, 1999 from $92,044 in the comparable period in 1998, an increase of 165%. "Zone cabling is the team franchise for the 21st century. It's one of the rising stars of the new telecom infrastructure industry," he stated. Presley noted that sales of the generator enclosure Genco division, whose assets the company acquired in August for $550,000, exceeded $220,000 for the fourth quarter alone. "With solid repeat business and record new orders for our patented zone cabling products, the foreseeable future of American Access Technologies looks very bright," said Presley. American Access Technologies manufactures zone cabling units that mount in ceilings, raised floors and 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 or utilize American Access products include: Sun Microsystems (Nasdaq:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ); Lucent Technologies, Inc. (NYSE NYSE See: New York Stock Exchange :LU); Cisco Systems, Inc. (Nasdaq:CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ); Qwest Communications International Inc. (Nasdaq:QWST); First Data Corporation (NYSE:FDC FDC - Floppy Disk Controller ); Harris Corporation (NYSE:HRS); Household International Inc. (NYSE:HI); Iomega Corporation (NYSE:IOM IOM See: Index and Option Market ); IONA Technologies (Nasdaq:IONA); Silicon Graphics Inc. (NYSE:SGI); Gateway 2000 Inc. (NYSE:GTW); Baan Company N.V. (Nasdaq:BAANF); Fina, Inc. (NYSE:FIN); Mobil Corporation (NYSE:MOB) and Level 3 Communications
Level 3 Communications NASDAQ: LVLT is a communications and information services company headquartered in Broomfield, Colorado, USA. , Inc. (Nasdaq:LVLT LVLT Level 3 Communications, Inc. (stock abbreviation, AMEX) ). Several private companies, 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. |
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