American Access Technologies to Issue B2B E-commerce Partner $1 Million in Stock, Warrant for One Million Common Shares At $25 Per Share.

Business Editors

LAKE MARY, Fla.--(BUSINESS WIRE)--Feb. 1, 2000

Telecommunications equipment manufacturer American Access Technologies, Inc. (NASDAQ SmallCap: AATK) today revealed key details of its landmark deal to transform itself largely into a business-to-business e-commerce company serving the voice/data communications industry.

American Access said it will issue 135,000 common shares with a current market value in excess of $1 million to privately held Vulcan Microsystems, Inc. of Miami, FL for a 76% stake in AATK.com, LLC, a joint venture between the two companies. The preliminary agreement was announced without details or figures on January 27.

American Access President John Presley said that in addition to its million-dollar equity investment, the company will also issue to Vulcan a warrant to purchase one million American Access common shares at an exercise price of $25 per share, or approximately three times its current market price. Also, Vulcan Microsystems President and CEO Erik Gray and Vice President and Chief Technology Officer Bill Wetmore will each receive 100,000 stock purchase warrants exercisable at $10 per share as consultants for development of the joint venture.

What's more, American Access will furnish working capital of at least $400,000 to the joint venture to develop its business model, under which businesses engaged in voice and data communications would look to the joint venture's website as the one-stop shop for equipment and services.

&uot;Vulcan is prepared to accept a warrant exercise price of $25 per share, or 200 percent greater than this morning's quote, because we strongly believe that our joint venture will totally transform American Access and make its shares extremely valuable,&uot; said Gray.

&uot;American Access is seeking to become an e-commerce leader in its industry through this joint venture,&uot; said Presley. &uot;American Access has strong market fundamentals, a great client base and industry alliances as the developer of a cornerstone cabling technology,&uot; he said.

Under the terms of the joint venture, Vulcan will develop and manage a &uot;vertical portal&uot; or &uot;Vortal&uot; -- a vertically integrated, Java-enabled, e-commerce website -- that will allow the joint venture to serve as an online Value Added Distributor (VAD) providing technology solutions and engineering support to the fast-growing voice/data communications industry.

The joint venture's Vortal concept to cross-market complementary products online is expected to gain tremendous support from industry leaders in manufacturing, installation and support for infrastructure solutions such as zone cabling, an American Access specialty.

Vulcan will create the Vortal using technologies such as IBM's DB2 relational databases and e-commerce solutions and Sun Microsystems' hosting servers and Java programming language. The Vortal is scheduled to launch in 90 days, to be followed by continuous enhancements throughout its operation. Twenty domain name requests have already been submitted; the name chosen will be announced later this month.

About Vulcan Microsystems, Inc.

Vulcan Microsystems, Inc. is a developer of Internet technologies for e-commerce sites. Vulcan has years of experience in developing proprietary Internet technologies and Internet-connected relational database systems through partnerships with companies such as IBM (NYSE: IBM), Sun Microsystems (Nasdaq: SUNW), Alcatel (NYSE: ALA), UUNet Worldwide (Nasdaq: WCOM) and Cable &Wireless (NYSE: CWP).

About American Access Technologies, Inc.

American Access manufactures zone cabling units that mount in ceilings, raised floors and custom furniture, as well as other telecommunications and electronics products. The company's concept of &uot;zone cabling&uot; reduces costs of installation and maintenance by as much as 70%, while providing versatility for voice and data infrastructures.

Publicly-held companies that utilize American Access products include: Sun Microsystems (Nasdaq: SUNW); Lucent Technologies (NYSE: LU); IONA (Nasdaq: IONA); SGI (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); Mobil Corporation (NYSE: MOB); Cisco Systems, Inc. (Nasdaq: CSCO) and Level 3 Communications, Inc. (Nasdaq: LVLT).

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.