American Access Technologies Posts Record Zone Cabling Sales in December; Expenditures to be Slashed With an Eye On Profit in 2001.Business Editors LAKE MARY Lake Mary may refer to:
Energized by record December sales of its proprietary zone cabling cabinets, American Access Technologies, Inc., (Nasdaq:ATK ATK - Andrew Toolkit ), today reaffirmed its strategy to concentrate on profits while paring expenditures in 2001. "Our loyal shareholders have weathered some stormy storm·y adj. storm·i·er, storm·i·est 1. Subject to, characterized by, or affected by storms; tempestuous. 2. seas, including a volatile stock market and our posted losses in 2000. I am determined to make that journey worthwhile by building as much value as I can into American Access. I believe our rapidly growing sales for zone cabling units show the tide is turning in those stormy seas," said American Access President John Presley. In December 2000, unaudited net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the company's zone cabling cabinets totaled $228,000, compared to $106,000 in October and $141,000 in November. The December sales are record for monthly sales in fiscal year 2000. Presley said the Company's continuing philosophy is to scrutinize scru·ti·nize tr.v. scru·ti·nized, scru·ti·niz·ing, scru·ti·niz·es To examine or observe with great care; inspect critically. scru all spending with an eye to the bottom line while pushing sales beyond recent totals. The company's first move this week was to divert any additional funding of its e-commerce site to support the more profitable channel distribution, through which record sales were logged in December. "Consistent with my 2001 plans, we are through building for now and we will concentrate on profits. Every expense, relationship, merger, acquisition, capital expense and travel expense will continue to be examined with my cold 40-year expertise on the bottom line. Anything we don't make a profit on will be mercilessly chopped. The e-commerce site may eventually prove profitable, or it may be sold if the opportunity presents itself. Right now, it's still accessible, but we won't be putting any more money into further development," Presley said. American Access manufactures patented zone cabling units that mount in ceilings, raised floors, and in custom furniture, routing traditional cabling and fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber to the office desktop. The Company's concept of "zone cabling" reduces costs for installation and moves, adds, and changes by as much as 70% while providing plug and play, up-gradable networks, fiber optics and wireless LAN A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area . 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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