Attkisson, Carter & Akers, Inc. Initiates Coverage with Strong Buy Recommendation on Eltrax Systems, Inc.

SOUTHFIELD, Mich.--(BUSINESS WIRE)--May 13, 1999--

Attkisson, Carter & Akers, Inc. of Atlanta, announced today that it has initiated coverage on Eltrax Systems, Inc. (Nasdaq:ELTX) with a strong buy recommendation following a review by analyst David J. Phillips. Eltrax is a provider of Internet and enterprise network based applications and services worldwide.

Brett Thackston, Senior Vice-President of Attkisson, Carter & Akers, Inc. stated, "Eltrax, in our opinion is well-positioned to capitalize on the growing demand for third-party technical assistance. Eltrax has a software portfolio that can meet a broad range of client's enterprise resource planning, E-commerce and communication needs. Recent acquisitions have also enabled ELTX to transform its services into an online offering. This proprietary technology provides ELTX with an advantageous market position. Contrary to traditional IT service providers, who locate or dispatch personnel onsite to meet their clients' service. ELTX can remotely deliver property management systems software to the hospitality and restaurant marketplaces, enabling the customers to seamlessly link back office and legacy systems to new E-commerce applications. This revolutionary change in ELTX's business processes should boost revenue, decrease production costs, and provide the foundation for sustainable growth in upcoming releases of integrated E-commerce software content offering."

The full text of this report can be requested by contacting Brett Thackston at 800/848-9555.

The information set forth herein was obtained from sources which we believe to be reliable, but we do not guarantee its accuracy and completeness. Such information is furnished as a matter of service only and is not deemed an offer to sell or solicitation of any offer to buy a security mentioned herein. Opinions expressed are our current opinions as of the date appearing on this report. Attkisson, Carter & Akers, Inc., its stockholders, directors, and employees may have investment positions in the securities discussed.