American Access Technologies Reports 3rd Quarter Net Up 4-Fold.

LAKE MARY, Fla.--(BUSINESS WIRE)--Nov. 15, 1999--

Sales, Income, Backlog Hit Record Levels New Powder Coating Business to Start in 60 Days With $1.5 Million in Orders; Strong Balance Sheet Shows 16-To-1 Current Ratio

Telecommunications equipment manufacturer American Access Technologies, Inc. (NASDAQ SmallCap: AATK) today reported sales of $1,284,614 for the three months ended September 30, 1999 compared to the $1,359,328 recorded in the three months ended September 30, 1998. Record net income for the three months of $72,409 rose four-fold from the $18,722 recorded in the same period in 1998.

For the nine months ended September 30, 1999 the company reported sales of $4,107,571 compared to the $3,619,563 recorded in the nine months ended September 30, 1998. Record net income of $414,641 in the 1999 period compared to $93,561 earned in the 1998 period.

After preferred stock dividends and non-cash charges for discounting convertible securities, net income per common share for the three months ended September 30, 1999 was two cents compared with a net loss per common share of two cents recorded for the three months ended September 30, 1998. For the nine months ended September 30, 1999 net loss per common share was five cents compared with net loss per common share of five cents for the 1998 period after similar charges.

American Access president John Presley stated that the company's new custom powder-coating business could start up in 60 days, with opening orders from new customers of $1.5 million. "This is an entirely new line of business for American Access Technologies, with excellent margins and at a capital equipment cost of only $375,000," he said.

"As a complement to our core zone cabling business, powder coating joins our Genco division as another example of our high return on investment strategy. Genco itself was but recently purchased for $550,000 and its backlog already exceeds our purchase price," he noted. Presley added that sales of zone cabling termination cabinets, the company's leading-edge product, doubled year-to year in the third quarter just reported.

CFO Bobby Story noted that the company continued to improve its strong balance sheet with $6 million in current assets against only $378,000 in current liabilities as of September 30, for a 16-to-1 current ratio. "American Access is in a remarkably robust financial condition for a company emerging from development stage into production," he said.

American Access Technologies, with corporate headquarters in Lake Mary, FL, manufactures innovative telecommunications equipment that mounts 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. It markets its unique cabling solutions nationwide through leading equipment manufacturers and distributors such as Graybar Electric Co., Anixter International Inc. (NYSE:AXE), Kent Electronics (NYSE:KNT), Hughes Supply, Inc. (NYSE:HUG), State Electric, Coleman's and Platt DSV Resource Center.

Publicly-held companies that are customers of American Access include: IONA Technologies (Nasdaq:IONA); Silicon Graphics Inc. (NYSE:SGI), Baan Company N.V. (Nasdaq:BAANF); Qwest Communications International Inc. (Nasdaq:QWST); Fina, Inc. (NYSE:FIN); First Data Corporation (NYSE:FDC); Gateway 2000 Inc. (NYSE:GTW): Harris Corporation (NYSE:HRS); Household International Inc. (NYSE:HI); Iomega Corporation (NYSE:IOM); Lucent Technologies, Inc. (NYSE:LU); Mobil Corporation (NYSE:MOB); Cisco Systems, Inc. (Nasdaq:CSCO), Level 3 Communications, Inc. (Nasdaq:LVLT); and Sun Microsystems (Nasdaq:SUNW). 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. -0-

           American Access Technologies, Inc. and Subsidiary
                 Consolidated Statement of Operations
                              (Unaudited)

                      Nine Months ended          Three Months ended
                           Sept. 30,                 Sept. 30,
                      1999         1998           1999        1998


Net Sales      $  4,107,571   $  3,619,563  $  1,284,614  $ 1,359,328

Net Income (Loss)
                       414,641      93,561        72,409       18,722

Net Income (Loss) Per
Common Share             (0.05)     (0.05)          0.02        (0.02)

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.

This press release was prepared by The Cavior Organization, Inc., a public relations firm, based on information supplied by its client, American Access Technologies, Inc. The information contained herein is believed to be reliable, but has not been independently verified by The Cavior Organization, Inc. None of the information contained in this press release should be construed as an offer to buy or sell securities, either directly or indirectly. Officers and employees of The Cavior Organization, Inc. may from time to time acquire, hold or sell a position in the securities mentioned herein.