American Access Technologies Responds to Negative Attack by Investor ``Newsletter''.Business Editors/High-Tech Writers LAKE MARY Lake Mary may refer to:
Responding to a sell recommendation by an Internet investment site that "may and often does have positions that are consistent with its reports," American Access Technologies, Inc. (Nasdaq:AATK AATK Always At the Keyboard ) today announced that no current officers or directors sold any shares of Company stock during the recent price spike. Additionally, a former officer/director who exercised warrants applied a portion of the proceeds from the sale of stock to repayment of two promissory notes promissory note, unconditional written promise to pay a certain sum of money at a definite time to bearer or to a specified person on his order. Promissory notes are generally used as evidence of debt. to the Company for a total of $200,000 principal and $26,866.80 interest. A registration statement was filed in March 2001. Selling shareholders in such registration statement were the Company's investment bankers Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. and participants in a 1998 private placement. "We are here for the long haul Long distance. Long haul implies traversing a state or a country. Contrast with short haul. , and we hope that our shareholders won't be fooled by people interested in knocking our stock down," said John Presley, President of American Access. American Access manufactures patented zone cabling units that mount in ceilings, raised floors, and in custom furniture, routing traditional cabling, 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 and wireless 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 http://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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion