Applied Cellular to acquire 80% interest in Cra-Tek.

NIXA, Mo.--(BUSINESS WIRE)--Nov. 27, 1995--Applied Cellular Technology Inc. (NASDAQ:ACTC) today announced that it has reached an agreement with the board of directors of Cra-Tek Co. to acquire an 80% interest in this privately held, Sacramento, Calif.-based company.

Cra-Tek had sales of $1,451,248 for the nine months ending Sept. 30, 1995. Based upon current shares outstanding, management indicated that the acquisition should contribute 5 cents to earnings per share in 1996. Terms of the acquisition were not disclosed, however, completion of the deal is expected by the end of November.

Cra-Tek operates two divisions, electrical contracting and industrial controls. The electrical contracting divisions' major focus is maintenance and service of industrial facilities. The industrial controls division custom designs various controllers, installs systems, and services installation programs.

In addition, the company has recently entered into the design, manufacturing, and marketing of industrial lasers. Other operations include specialty design and servicing of electrical industrial applications.

Applied Cellular's chairman and chief executive officer, Richard J. Sullivan, commented: "Upon completion of the acquisition of Cra-Tek Company, we will have a much stronger position in the industrial manufacturing sector. The synergism encompassed here is quite dramatic, in terms of potential software, hardware and customized wireless communication applications that we can develop. Additionally, by combining the two companies' products and service base, cross-marketing capabilities will be highly advantageous."

Applied Cellular Technology Inc. is a leading-edge computer software developer and marketer, specializing in RF wireless communications, installations, and components for wholesale, distribution, manufacturing and medical industries.

CONTACT: REOVEST Inc., Golden, Colo.

Bob Oberndorf, 303/642-0073