Nur eine Frage der Zeit bis die mal nach obe ausbricht!
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wir sind hier am richtigen ort investiert. von meiner seite wäre ein pps von locker möglich, was einer MK von 20 mio. $ entsprechen würde.
NEW YORK, Aug. 17, 2004 (PRIMEZONE) -- Advanced Communications Technologies, Inc. (OTC BB:ADVC.OB - News) (the ``Company'') issued today the following open shareholder letter to its investors:
ADVERTISEMENT
Dear Shareholders,
Many businesses, especially small businesses, have faced mounting challenges during the last four years. We are most pleased to be among those that have risen to the challenge. As most of you are aware, last year began the pivotal change of our Company, with the Board electing to restructure the organization including, but not limited to, cleaning up our balance sheet.
A new business strategy was initiated, designed to avoid the previous, unprofitable course. Given the present state of the economy, I along with the other members of the management team and our strategic partners, are highly optimistic due to our recent financial and business results. With the closing of our June 30, 2004 fiscal year end, I would like to make the following update on behalf of the Company for your benefit:
In January 2004, we formed Hudson Street Investments, LLC, which then acquired a minority interest in Yorkville Advisors Management, LLC, the portfolio manager of Cornell Capital Partners, LP, our financial partner. This not only gives us a very good investment, but by acquiring part ownership of our main financier (our banker if you will), it assures us that our success is their success. Hudson Street's investments are expected to yield net cash flows that exceed our operating annual expenses. Based on this and other factors, we soon found ourselves with over $4 million in new financing from Cornell Capital.
With our expanded relationship with Cornell Capital firmly in place, we set about targeting and acquiring privately held entities in the technology and biotech fields. We plan to create a vertically integrated core business, which that has already proven to be more viable and profitable than the previous business operation. We also plan, through Hudson Street, to acquire minority interests in private and publicly held emerging growth technology and biotech businesses that we believe will add significant accretive value to our shareholders.
Nevertheless, while looking forward, previous assets were not left behind; a new subsidiary, SpectruCell, Inc. was also formed in January 2004 to hold our North and South American marketing and distribution rights to SpectruCell (a software-defined radio (SDR) multiple protocol wireless system), which we acquired in 1999. While we do not know the current value, if any, of these rights, we have nevertheless formed SpectruCell, Inc. to hold these rights until such time as their value is determinable.
Our acquisition strategy soon began to materialize. In early June of this year, the Company acquired Cyber-Test, Inc. under our newly formed subsidiary, Encompass Group Affiliates, Inc. Cyber-Test employs 85 employees, is an established electronic equipment repair company specializing in the repair of computer peripheral products and records annual revenues of in excess of $6 million. We arranged to acquire the business for a combined purchase of just $4 million in cash, notes and contingent stock-a great bargain in our opinion. Cyber-Test, for their end, receives the right to receive our stock based on the attainment of certain financial milestones-the future value of which could be most profitable for them-as well as a strategic marketing partner to further their sales. The Cyber-Test acquisition was funded through the issuance of Series A Convertible Preferred Stock issued to Cornell Capital. Because the preferred stock is not convertible into common shares for one-year, we do not consider it to be dilutive to our shareholders.
Encompass Group would complete another purchase in late June 2004 from Hy-Tech Technology Group, Inc. This purchase included licensing rights to Hy-Tech's customers, its corporate web addresses, and the transfer of Hy-Tech's rights to negotiate certain acquisitions of its own including, but not limited to, Cyber-Test.
Of special interest includes the right to hire Martin Nielson, formerly Hy-Tech's Chief Executive Officer. Nielson's 30-year career includes serving as CEO and in other executive-level positions within public and private companies. Five start-ups, in which he served as an executive, became public on the NYSE, NASDAQ, OTCBB and London exchanges, and four became billion dollar corporations, among them The Gap, Businessland and Corporate Express.
Because of this extensive background, Mr. Nielson has been appointed Chief Executive Officer of Encompass Group. Mr. Nielson will also serve as Senior Vice President-Acquisitions for Advanced Communications Technologies and as a member of our Board of Directors.
In order to keep our investors updated, we recently retained the services of an investor relations firm specializing in communications for small, public companies. Equitilink requests your input and feedback and is happy to assist with your continued due diligence. Please contact them with your questions. Furthermore, I personally invite you to visit our new corporate website at www.advancedcomtech.net that has been re-designed to provide an accurate resource for our shareholders, and a higher public presence for the Company.
In summary, we have begun a journey towards growth by acquisition as well as organic growth from within. Along the way we look forward to sustainable positive cash flow and profitability with growing market share and a stronger, more-valuable Company with better, more-significant shareholder value. Though the challenges continue, we believe we will meet the challenges, and wish to thank you for your continued interest as shareholders.
Schau ma mal was si draus machen!
xpfuture
ADVERTISEMENT
Dear Shareholders,
Many businesses, especially small businesses, have faced mounting challenges during the last four years. We are most pleased to be among those that have risen to the challenge. As most of you are aware, last year began the pivotal change of our Company, with the Board electing to restructure the organization including, but not limited to, cleaning up our balance sheet.
A new business strategy was initiated, designed to avoid the previous, unprofitable course. Given the present state of the economy, I along with the other members of the management team and our strategic partners, are highly optimistic due to our recent financial and business results. With the closing of our June 30, 2004 fiscal year end, I would like to make the following update on behalf of the Company for your benefit:
In January 2004, we formed Hudson Street Investments, LLC, which then acquired a minority interest in Yorkville Advisors Management, LLC, the portfolio manager of Cornell Capital Partners, LP, our financial partner. This not only gives us a very good investment, but by acquiring part ownership of our main financier (our banker if you will), it assures us that our success is their success. Hudson Street's investments are expected to yield net cash flows that exceed our operating annual expenses. Based on this and other factors, we soon found ourselves with over $4 million in new financing from Cornell Capital.
With our expanded relationship with Cornell Capital firmly in place, we set about targeting and acquiring privately held entities in the technology and biotech fields. We plan to create a vertically integrated core business, which that has already proven to be more viable and profitable than the previous business operation. We also plan, through Hudson Street, to acquire minority interests in private and publicly held emerging growth technology and biotech businesses that we believe will add significant accretive value to our shareholders.
Nevertheless, while looking forward, previous assets were not left behind; a new subsidiary, SpectruCell, Inc. was also formed in January 2004 to hold our North and South American marketing and distribution rights to SpectruCell (a software-defined radio (SDR) multiple protocol wireless system), which we acquired in 1999. While we do not know the current value, if any, of these rights, we have nevertheless formed SpectruCell, Inc. to hold these rights until such time as their value is determinable.
Our acquisition strategy soon began to materialize. In early June of this year, the Company acquired Cyber-Test, Inc. under our newly formed subsidiary, Encompass Group Affiliates, Inc. Cyber-Test employs 85 employees, is an established electronic equipment repair company specializing in the repair of computer peripheral products and records annual revenues of in excess of $6 million. We arranged to acquire the business for a combined purchase of just $4 million in cash, notes and contingent stock-a great bargain in our opinion. Cyber-Test, for their end, receives the right to receive our stock based on the attainment of certain financial milestones-the future value of which could be most profitable for them-as well as a strategic marketing partner to further their sales. The Cyber-Test acquisition was funded through the issuance of Series A Convertible Preferred Stock issued to Cornell Capital. Because the preferred stock is not convertible into common shares for one-year, we do not consider it to be dilutive to our shareholders.
Encompass Group would complete another purchase in late June 2004 from Hy-Tech Technology Group, Inc. This purchase included licensing rights to Hy-Tech's customers, its corporate web addresses, and the transfer of Hy-Tech's rights to negotiate certain acquisitions of its own including, but not limited to, Cyber-Test.
Of special interest includes the right to hire Martin Nielson, formerly Hy-Tech's Chief Executive Officer. Nielson's 30-year career includes serving as CEO and in other executive-level positions within public and private companies. Five start-ups, in which he served as an executive, became public on the NYSE, NASDAQ, OTCBB and London exchanges, and four became billion dollar corporations, among them The Gap, Businessland and Corporate Express.
Because of this extensive background, Mr. Nielson has been appointed Chief Executive Officer of Encompass Group. Mr. Nielson will also serve as Senior Vice President-Acquisitions for Advanced Communications Technologies and as a member of our Board of Directors.
In order to keep our investors updated, we recently retained the services of an investor relations firm specializing in communications for small, public companies. Equitilink requests your input and feedback and is happy to assist with your continued due diligence. Please contact them with your questions. Furthermore, I personally invite you to visit our new corporate website at www.advancedcomtech.net that has been re-designed to provide an accurate resource for our shareholders, and a higher public presence for the Company.
In summary, we have begun a journey towards growth by acquisition as well as organic growth from within. Along the way we look forward to sustainable positive cash flow and profitability with growing market share and a stronger, more-valuable Company with better, more-significant shareholder value. Though the challenges continue, we believe we will meet the challenges, and wish to thank you for your continued interest as shareholders.
Schau ma mal was si draus machen!
xpfuture
so wie ich das verstanden habe, ist das alles positiv! oder?
gruss dolce..
gruss dolce..
ist´s natürlich positiv. Kommt nur drauf an wieviel die noch den kurs mit Aktien verwässern und wieder Kohle zu bekommen. Könnte sich kurzfristig negativ auf den Kurs auswirken. Langfristig aber sollte - bei Einhaltung des Firmenkonzepts und Ausbau des profitablen Geschäfts der Kurs nach Norden geh´n.
Heute 0,0009 !!
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Heute 0,0009 !!
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Encompass Group Affiliates Provides Cyber-Test Service Update Following Effect of Hurricane Charley
Wednesday August 18, 8:30 am ET
NEW YORK, Aug. 18, 2004 (PRIMEZONE) -- Encompass Group Affiliates, Inc. (``Encompass''), a wholly owned subsidiary and the principle operating unit of Advanced Communications Technologies, Inc. (OTC BB:ADVC.OB - News), announced today that Hurricane Charley has caused a temporary delay in fulfilling orders for customers of Cyber-Test, Inc. (``Cyber-Test''), its wholly owned subsidiary in Longwood, Florida. Cyber-Test expects full restoration within a few days with no long-term effects. No employees or their families have been injured or displaced as a result of the hurricane.
ADVERTISEMENT
``On Friday (August 13), we closed Cyber-Test's operations at lunchtime to allow our employees to comply with local government directives which required people and their vehicles to be off the streets by 2PM,'' said Lisa Welton, President and CEO of Cyber-Test. Welton added, ``Monday, we had a skeleton crew in to assess our situation and plan to restore service. We sustained no serious damage, but have been without municipal power and telephones. Yesterday, we resumed partial operations with approximately half of our staff and we have called all of our customers to inform them of our situation and to assure them that we can and will fulfill our obligations as quickly as possible.''
Tom Sutlive, Cyber-Test's Vice President said, ``We installed back-up generators to get our systems and production lines up and running until the power company can restore full power, which should be by the end of the week.'' He continued, ``Yesterday was our first full day of work under our limited back-up power, and we are working with our customers to prioritize the fulfillment of orders.''
Martin Nielson, Chairman of Cyber-Test and CEO of Encompass commented, ``Lisa and Tom have done a great job of ensuring first that our employees were safe and then acting quickly to restore service to our customers. We are very fortunate that our employees and their families are safe and that the damage to personal property and to Cyber-Test is minimal.''
Cyber-Test does not anticipate any negative short- or long-term financial effect as a result of Hurricane Charley.
About Encompass Group Affiliates, Inc.
Encompass Group Affiliates, Inc. (``Encompass'') is the principle operating company of Advanced Communications Technologies, Inc. Based in New York City, Encompass seeks to acquire companies that complement its charter to become a leader in integrated technology and services. Encompass has acquired Cyber-Test, Inc., an established electronic equipment repair company based in Longwood, Florida and exclusive licenses to selected technology assets.
xpfuture
Wednesday August 18, 8:30 am ET
NEW YORK, Aug. 18, 2004 (PRIMEZONE) -- Encompass Group Affiliates, Inc. (``Encompass''), a wholly owned subsidiary and the principle operating unit of Advanced Communications Technologies, Inc. (OTC BB:ADVC.OB - News), announced today that Hurricane Charley has caused a temporary delay in fulfilling orders for customers of Cyber-Test, Inc. (``Cyber-Test''), its wholly owned subsidiary in Longwood, Florida. Cyber-Test expects full restoration within a few days with no long-term effects. No employees or their families have been injured or displaced as a result of the hurricane.
ADVERTISEMENT
``On Friday (August 13), we closed Cyber-Test's operations at lunchtime to allow our employees to comply with local government directives which required people and their vehicles to be off the streets by 2PM,'' said Lisa Welton, President and CEO of Cyber-Test. Welton added, ``Monday, we had a skeleton crew in to assess our situation and plan to restore service. We sustained no serious damage, but have been without municipal power and telephones. Yesterday, we resumed partial operations with approximately half of our staff and we have called all of our customers to inform them of our situation and to assure them that we can and will fulfill our obligations as quickly as possible.''
Tom Sutlive, Cyber-Test's Vice President said, ``We installed back-up generators to get our systems and production lines up and running until the power company can restore full power, which should be by the end of the week.'' He continued, ``Yesterday was our first full day of work under our limited back-up power, and we are working with our customers to prioritize the fulfillment of orders.''
Martin Nielson, Chairman of Cyber-Test and CEO of Encompass commented, ``Lisa and Tom have done a great job of ensuring first that our employees were safe and then acting quickly to restore service to our customers. We are very fortunate that our employees and their families are safe and that the damage to personal property and to Cyber-Test is minimal.''
Cyber-Test does not anticipate any negative short- or long-term financial effect as a result of Hurricane Charley.
About Encompass Group Affiliates, Inc.
Encompass Group Affiliates, Inc. (``Encompass'') is the principle operating company of Advanced Communications Technologies, Inc. Based in New York City, Encompass seeks to acquire companies that complement its charter to become a leader in integrated technology and services. Encompass has acquired Cyber-Test, Inc., an established electronic equipment repair company based in Longwood, Florida and exclusive licenses to selected technology assets.
xpfuture
Advanced Communications Technologies, Inc. Launches New Website
NEW YORK, Aug 27, 2004 (PRIMEZONE via COMTEX) -- Advanced Communications
Technologies, Inc. (OTCBB: ADVC) (the "Company") today announced that its new
website has been launched and may be accessed at www.advancedcomtech.net.
Wayne Danson, the Company's President and Chief Financial Officer said, "We hope
that our investors will find the information available on the new website
helpful." Danson continued, "With all of the new and vital activities that
transformed the Company over the past year, from a single technology company
with no revenue to an expanding business enterprise with over $8,000,000 in
assets, we deemed it important to provide our shareholders and the general
public with an effective channel to as much current information about the
Company as possible."
Martin Nielson, the Company's Senior Vice President-Acquisitions and Chief
Executive Officer of Encompass Group Affiliates, Inc. ("Encompass"), the
Company's principal operating entity said, "We have recently undergone many
constructive changes that our new website reflects." Nielson continued, "The
website depicts our current business ventures, acquisition objectives, the role
of Encompass, Cyber-Test's (the Company's core business entity) operations,
corporate governance, and much more. We are pleased with the level of
information that the website offers and encourage you to visit it soon and
submit your feedback."
Advanced Communications' new website enables shareholders and interested parties
to access an in-depth business overview of the Company, a description of its
subsidiary companies, current and past press releases and SEC filings, business
highlights, biographies of the management team, a current Company stock quote,
and even provides a section to request corporate communications by email, among
other things.
About Advanced Communications Technologies Inc.
Advanced Communications Technologies, Inc. (the "Company") is a New York
City-based holding company that, through its wholly owned subsidiary and
principal operating unit Encompass Group Affiliates, Inc., owns Cyber-Test,
Inc., an established electronic equipment repair company based in Longwood,
Florida. Additionally, the Company, through its wholly owned investment
subsidiary Hudson Street Investments, Inc., owns a minority interest in
Yorkville Advisors Management, LLC, an investment management partnership, and
through SpectruCell, Inc., owns the rights to market and distribute in North and
South America, SpectruCell, an in-development wireless-based telecommunications
technology.
About Encompass Group Affiliates, Inc.
Encompass Group Affiliates, Inc. ("Encompass") is the principal operating
company of Advanced Communications Technologies, Inc. Based in New York City,
Encompass seeks to acquire companies that complement its charter to become a
leader in integrated technology and services. Encompass owns Cyber-Test, Inc.,
an established electronic equipment repair company based in Longwood, Florida
and exclusive licenses to selected technology assets.
This release contains 'forward-looking statements' within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Act of 1934. Although the Company believes that the expectations reflected in
such statements are reasonable, no assurances can be given that they will prove
correct. The Company remains exposed to risk factors outlined in the Company's
Prospectus and Annual Report on Form 10-KSB as filed with the Securities and
Exchange Commission. Statements made herein are not a guarantee of future
corporate or stock performance.
SOURCE: Advanced Communications Technologies
Contact: Equitilink, LLC
(877) 788-1940
By Staff
(C) 2004 PRIMEZONE, All rights reserved.
SUBJECT CODE: INTERNET
Product Services Announcement
NEW YORK, Aug 27, 2004 (PRIMEZONE via COMTEX) -- Advanced Communications
Technologies, Inc. (OTCBB: ADVC) (the "Company") today announced that its new
website has been launched and may be accessed at www.advancedcomtech.net.
Wayne Danson, the Company's President and Chief Financial Officer said, "We hope
that our investors will find the information available on the new website
helpful." Danson continued, "With all of the new and vital activities that
transformed the Company over the past year, from a single technology company
with no revenue to an expanding business enterprise with over $8,000,000 in
assets, we deemed it important to provide our shareholders and the general
public with an effective channel to as much current information about the
Company as possible."
Martin Nielson, the Company's Senior Vice President-Acquisitions and Chief
Executive Officer of Encompass Group Affiliates, Inc. ("Encompass"), the
Company's principal operating entity said, "We have recently undergone many
constructive changes that our new website reflects." Nielson continued, "The
website depicts our current business ventures, acquisition objectives, the role
of Encompass, Cyber-Test's (the Company's core business entity) operations,
corporate governance, and much more. We are pleased with the level of
information that the website offers and encourage you to visit it soon and
submit your feedback."
Advanced Communications' new website enables shareholders and interested parties
to access an in-depth business overview of the Company, a description of its
subsidiary companies, current and past press releases and SEC filings, business
highlights, biographies of the management team, a current Company stock quote,
and even provides a section to request corporate communications by email, among
other things.
About Advanced Communications Technologies Inc.
Advanced Communications Technologies, Inc. (the "Company") is a New York
City-based holding company that, through its wholly owned subsidiary and
principal operating unit Encompass Group Affiliates, Inc., owns Cyber-Test,
Inc., an established electronic equipment repair company based in Longwood,
Florida. Additionally, the Company, through its wholly owned investment
subsidiary Hudson Street Investments, Inc., owns a minority interest in
Yorkville Advisors Management, LLC, an investment management partnership, and
through SpectruCell, Inc., owns the rights to market and distribute in North and
South America, SpectruCell, an in-development wireless-based telecommunications
technology.
About Encompass Group Affiliates, Inc.
Encompass Group Affiliates, Inc. ("Encompass") is the principal operating
company of Advanced Communications Technologies, Inc. Based in New York City,
Encompass seeks to acquire companies that complement its charter to become a
leader in integrated technology and services. Encompass owns Cyber-Test, Inc.,
an established electronic equipment repair company based in Longwood, Florida
and exclusive licenses to selected technology assets.
This release contains 'forward-looking statements' within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Act of 1934. Although the Company believes that the expectations reflected in
such statements are reasonable, no assurances can be given that they will prove
correct. The Company remains exposed to risk factors outlined in the Company's
Prospectus and Annual Report on Form 10-KSB as filed with the Securities and
Exchange Commission. Statements made herein are not a guarantee of future
corporate or stock performance.
SOURCE: Advanced Communications Technologies
Contact: Equitilink, LLC
(877) 788-1940
By Staff
(C) 2004 PRIMEZONE, All rights reserved.
SUBJECT CODE: INTERNET
Product Services Announcement
ADVANCED COMM TECHS - Nasdaq OTC BB: ADVC
Real-time ECN Quote*
Exchange Quote
2:45:52 PM EDT - Wednesday, September 1, 2004- Exchange quote is delayed at least 15 minutes.
Real-time ECN Quote*
| Last | Change (%) | After Hours Chg (%)** | Trade Time | Bid | Ask |
| -- | -- | -- | -- | -- | -- |
Exchange Quote
| Last | Change (%) | Trade Time | Bid (size) | Ask (size) |
| 0.0009 |  0.0001 (12.50) | 14:31 | 0.0008 (50) | 0.0009 (50) |
| Latest Ticks | Prev Close | Open | Low | High |
| ==-= | 0.0008 | 0.0009 | 0.0001 | 0.0025 |
| Day Volume | Avg Day Vol | VWAP | 52 Wk Low | 52 Wk High |
| 15,035,749 | 5,336,000 | 0.0015 | 0.0005 | 0.037 |
| # of Trades | Last Size | Avg Trade Size | P/E Ratio | Market Cap (mil) |
| 62 | 300,000 | 242,512 | 0 | 2 |
| $7 Trades at Scottrade. Ranked "Highest in Customer Satisfaction" 4 times! GO! |
2004:
Attainment of top 10 listing of highest traded stocks on the OTC exchange
Launch of Hudson Street Investments, LLC
Acquisition of minority stake in Yorkville Advisors Management, LLC
Launch of Encompass Group Affiliates, Inc.
Hiring of Martin Nielson as director, and executive
Investment of $4.2m in Series A Convertible Preferred Stock
Acquisition of Cyber Test, Inc.
License of selected assets of Innova Holdings, Inc.
Settlement of $2M in debt
Formation of Spectrucell, Inc. to hold certain technology rights
2003:
Shifted focus of ACT away from SpcetruCell and telecommunications and repositioned it as a holding company
Special Shareholder Meeting held and Proxy vote passed
Securing of $30M Equity Line with Cornell Capital Partners
SEC declares registration statement effective
Commencement of creditor settlements
2002:
Wrote off entire investment in Advanced Communications Technologies (Australia)
Naming of Wayne Danson as CEO
Filing of lawsuit against Advanced Communications Technologies (Australia) Pty Ltd and former CEO to protect company's rights with regard to SpectruCell and its investment in Advanced Communications Technologies (Australia) Pty Ltd.
$1M investment in the Company made by Cornell Capital Partners
2001:
Supported development of SpectruCell and pursued related telecommuncations opportunities
Dismissal of former CEO
2000:
Acquired a 20% equity interest in Advanced Communications Technologies (Australia), the developer of Spectrucell
1999:
Reverse merger into the public company
Acquired North/South American marketing and distribution rights to Spectrucell
Attainment of top 10 listing of highest traded stocks on the OTC exchange
Launch of Hudson Street Investments, LLC
Acquisition of minority stake in Yorkville Advisors Management, LLC
Launch of Encompass Group Affiliates, Inc.
Hiring of Martin Nielson as director, and executive
Investment of $4.2m in Series A Convertible Preferred Stock
Acquisition of Cyber Test, Inc.
License of selected assets of Innova Holdings, Inc.
Settlement of $2M in debt
Formation of Spectrucell, Inc. to hold certain technology rights
2003:
Shifted focus of ACT away from SpcetruCell and telecommunications and repositioned it as a holding company
Special Shareholder Meeting held and Proxy vote passed
Securing of $30M Equity Line with Cornell Capital Partners
SEC declares registration statement effective
Commencement of creditor settlements
2002:
Wrote off entire investment in Advanced Communications Technologies (Australia)
Naming of Wayne Danson as CEO
Filing of lawsuit against Advanced Communications Technologies (Australia) Pty Ltd and former CEO to protect company's rights with regard to SpectruCell and its investment in Advanced Communications Technologies (Australia) Pty Ltd.
$1M investment in the Company made by Cornell Capital Partners
2001:
Supported development of SpectruCell and pursued related telecommuncations opportunities
Dismissal of former CEO
2000:
Acquired a 20% equity interest in Advanced Communications Technologies (Australia), the developer of Spectrucell
1999:
Reverse merger into the public company
Acquired North/South American marketing and distribution rights to Spectrucell
wäre doch ein teil gewesen. von 0.0006 auf 0.00012 innert 1 Woche. Aber dranbleiben !
Wie geht´s! Das Teil wird schon noch so richtig abgeh´n!
Da bin ich mir sicher.
Jaja hier wären in kurzer Zeit 100% drin gewesen. Schade, hab es leider nicht nützen können!
xpfuture
Da bin ich mir sicher.
Jaja hier wären in kurzer Zeit 100% drin gewesen. Schade, hab es leider nicht nützen können!
xpfuture
Advanced Communications Technologies, Inc. Reports Fiscal 2004 Financial Results
Wednesday September 8, 8:30 am ET
Net Income for the Fiscal Year Spurred by Strong Earnings from Investments
NEW YORK, Sept. 8, 2004 (PRIMEZONE) -- Advanced Communications Technologies, Inc. (OTC BB:ADVC.OB - News) (the ''Company'') today reported financial results for its fiscal year ended June 30, 2004 and updated its performance outlook for the fiscal year ending June 30, 2005.
Reported GAAP Results:
Fiscal Fiscal Annual $
2004 2003 Increase(Decrease)
--------- --------- -------------------
Net Income (Loss) $ 475,820 $ (1,869,031) $ 2,344,851
Total Assets 7,996,339 70,748 7,925,591
Stockholders' Equity 1,424,462 (5,960,174) 7,384,636
The fiscal year end 2004 net profits mark the first time in the Company's history that it reported overall net earnings for the year.
Fiscal Year 2004 Financial Highlights
-- Strong net earnings for the year of $475,820 representing a
$2,344,851 increase over fiscal 2003's net loss of $1,869,031.
-- Sales from Encompass' wholly owned operating subsidiary, Cyber-
Test was $605,468 for the month of June, for projected fiscal 2005
annualized revenue of $7,200,000. Cyber-Test's contribution to
net earnings was $25,000 after deducting operating costs.
-- Balance sheet shows substantive and significant improvement from
the prior fiscal year, with a $7.4 million increase in
stockholders' equity from fiscal 2003.
-- Partnership investment in Yorkville generates $335,000 of cash and
$439,999 of net earnings for the period January 1, 2004-June 30,
2004.
-- Operating and interest expense decreased by $428,515 and $266,702,
respectively, compared with the fiscal year ended June 30, 2003.
-- Total assets equal $7,996,339, a $7,925,591 increase from fiscal
year ended June 30, 2003, with a cash increase of approximately
$1,170,000 from the prior fiscal year.
ADVERTISEMENT
Wayne I. Danson, the Company's President and CFO said, ''We are excited to report that our assets increased in less than one year from approximately $70,000 to approximately $8,000,000.'' Danson continued, ''Our stronger financial position is a direct result of the Company's shift from a single, in-development technology company with a negative balance sheet, to a successful revenue producing company. Fiscal 2004 represents a paradigm shift of our operations and approach to business with more emphasis on building a core technology and service business while also keeping with the entrepreneurial spirit of aggressively pursuing strategic investments in exciting technology and biotech privately owned businesses. In fiscal 2005, the Company will focus on growth and core business fundamentals of net earnings and cash flow.'' Danson closed with, ''I want to express my gratitude to our dedicated shareholders for their continuing support, as we are working hard everyday to increase shareholder value and build the Company into a successful business enterprise.''
Management projects gross revenue of $8,000,000 and net income of $800,000 for the Company's fiscal year ending June 30, 2005.
About Encompass Group Affiliates, Inc.
Encompass Group Affiliates, Inc. (''Encompass'') is the principal operating company of Advanced Communications Technologies, Inc. Based in New York City, Encompass seeks to acquire companies that complement its charter to become a leader in integrated technology and services. Encompass owns Cyber-Test, Inc., an established electronic equipment repair company based in Longwood, Florida and exclusive licenses to selected technology assets.
About Advanced Communications Technologies Inc.
Advanced Communications Technologies, Inc. (the ''Company'') is a New York City-based holding company that, through its wholly owned subsidiary and principal operating unit Encompass Group Affiliates, Inc., owns Cyber-Test, Inc., an established electronic equipment repair company based in Longwood, Florida. Additionally, the Company through its wholly owned investment subsidiary Hudson Street Investments, Inc., owns a minority interest in Yorkville Advisors Management, LLC, an investment management partnership, and through SpectruCell, Inc., owns the rights to market and distribute in North and South America, SpectruCell, an in-development wireless-based telecommunications technology.
This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934. Although the Company believes that the expectations reflected in such statements are reasonable, no assurances can be given that they will prove correct. The Company remains exposed to risk factors outlined in the Company's Prospectus and Annual Report on Form 10-KSB as filed with the Securities and Exchange Commission. Statements made herein are not a guarantee of future corporate or stock performance.
dolce...
Wednesday September 8, 8:30 am ET
Net Income for the Fiscal Year Spurred by Strong Earnings from Investments
NEW YORK, Sept. 8, 2004 (PRIMEZONE) -- Advanced Communications Technologies, Inc. (OTC BB:ADVC.OB - News) (the ''Company'') today reported financial results for its fiscal year ended June 30, 2004 and updated its performance outlook for the fiscal year ending June 30, 2005.
Reported GAAP Results:
Fiscal Fiscal Annual $
2004 2003 Increase(Decrease)
--------- --------- -------------------
Net Income (Loss) $ 475,820 $ (1,869,031) $ 2,344,851
Total Assets 7,996,339 70,748 7,925,591
Stockholders' Equity 1,424,462 (5,960,174) 7,384,636
The fiscal year end 2004 net profits mark the first time in the Company's history that it reported overall net earnings for the year.
Fiscal Year 2004 Financial Highlights
-- Strong net earnings for the year of $475,820 representing a
$2,344,851 increase over fiscal 2003's net loss of $1,869,031.
-- Sales from Encompass' wholly owned operating subsidiary, Cyber-
Test was $605,468 for the month of June, for projected fiscal 2005
annualized revenue of $7,200,000. Cyber-Test's contribution to
net earnings was $25,000 after deducting operating costs.
-- Balance sheet shows substantive and significant improvement from
the prior fiscal year, with a $7.4 million increase in
stockholders' equity from fiscal 2003.
-- Partnership investment in Yorkville generates $335,000 of cash and
$439,999 of net earnings for the period January 1, 2004-June 30,
2004.
-- Operating and interest expense decreased by $428,515 and $266,702,
respectively, compared with the fiscal year ended June 30, 2003.
-- Total assets equal $7,996,339, a $7,925,591 increase from fiscal
year ended June 30, 2003, with a cash increase of approximately
$1,170,000 from the prior fiscal year.
ADVERTISEMENT
Wayne I. Danson, the Company's President and CFO said, ''We are excited to report that our assets increased in less than one year from approximately $70,000 to approximately $8,000,000.'' Danson continued, ''Our stronger financial position is a direct result of the Company's shift from a single, in-development technology company with a negative balance sheet, to a successful revenue producing company. Fiscal 2004 represents a paradigm shift of our operations and approach to business with more emphasis on building a core technology and service business while also keeping with the entrepreneurial spirit of aggressively pursuing strategic investments in exciting technology and biotech privately owned businesses. In fiscal 2005, the Company will focus on growth and core business fundamentals of net earnings and cash flow.'' Danson closed with, ''I want to express my gratitude to our dedicated shareholders for their continuing support, as we are working hard everyday to increase shareholder value and build the Company into a successful business enterprise.''
Management projects gross revenue of $8,000,000 and net income of $800,000 for the Company's fiscal year ending June 30, 2005.
About Encompass Group Affiliates, Inc.
Encompass Group Affiliates, Inc. (''Encompass'') is the principal operating company of Advanced Communications Technologies, Inc. Based in New York City, Encompass seeks to acquire companies that complement its charter to become a leader in integrated technology and services. Encompass owns Cyber-Test, Inc., an established electronic equipment repair company based in Longwood, Florida and exclusive licenses to selected technology assets.
About Advanced Communications Technologies Inc.
Advanced Communications Technologies, Inc. (the ''Company'') is a New York City-based holding company that, through its wholly owned subsidiary and principal operating unit Encompass Group Affiliates, Inc., owns Cyber-Test, Inc., an established electronic equipment repair company based in Longwood, Florida. Additionally, the Company through its wholly owned investment subsidiary Hudson Street Investments, Inc., owns a minority interest in Yorkville Advisors Management, LLC, an investment management partnership, and through SpectruCell, Inc., owns the rights to market and distribute in North and South America, SpectruCell, an in-development wireless-based telecommunications technology.
This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934. Although the Company believes that the expectations reflected in such statements are reasonable, no assurances can be given that they will prove correct. The Company remains exposed to risk factors outlined in the Company's Prospectus and Annual Report on Form 10-KSB as filed with the Securities and Exchange Commission. Statements made herein are not a guarantee of future corporate or stock performance.
dolce...
lies noch viel von dir im CMKX-thread im W:O !
bei ADVC ist's derzeit ein bisschen langweilig. aber das kommt schon wieder. ich hoffe wir sehen noch dieses jahr mindestens 0,0030 $
greez lance
bei ADVC ist's derzeit ein bisschen langweilig. aber das kommt schon wieder. ich hoffe wir sehen noch dieses jahr mindestens 0,0030 $
greez lance
auf der offiziellen ADVC website hab ich soeben das gelesen:
Market Cap: $1,799,366
Shares Outstanding: 1,799,365,845
aber in einem posting von mir (weiss die nummer nicht mehr) hab ich geschrieben, dass über 4,000,000,000 aktien outstanding sind, weil ich das gelesen habe. Komisch ist derzeit nur, dass die Jahreszahlen erst per News mitgeteilt worden sind und noch kein 10K-Filing (nur NT 10k) da ist. Aber das kommt noch.
Geht den Thread nochmals durch. Die News der letzten Zeit waren sensationell:
- Im Juli der Brief des CEOs an die Aktionäre
- Dann die guten Jahreszahlen
- Die sensationellen Aussichten.
- und jetzt eventuell eine tiefere Aktienzahl
also nochmals:
Das KGV bei 4 mia. Outst. wäre ca. 8
bei den 1,8 mia. outst. wäre das KGV gerade mal knapp bei 4 !!!!
übrigens hier noch der Brief an die Aktionäre von dem ich gesprochen habe:
Dear Shareholders,
Many businesses, especially small businesses, have faced mounting challenges during the last four years. We are most pleased to be among those that have risen to the challenge. As most of you are aware, last year began the pivotal change of our Company, with the Board electing to restructure the organization including, but not limited to, cleaning up our balance sheet.
A new business strategy was initiated, designed to avoid the previous, unprofitable course. Given the present state of the economy, I along with the other members of the management team and our strategic partners, are highly optimistic due to our recent financial and business results. With the closing of our June 30, 2004 fiscal year end, I would like to make the following update on behalf of the Company for your benefit:
In January 2004, we formed Hudson Street Investments, LLC, which then acquired a minority interest in Yorkville Advisors Management, LLC, the portfolio manager of Cornell Capital Partners, LP, our financial partner. This not only gives us a very good investment, but by acquiring part ownership of our main financier (our banker if you will), it assures us that our success is their success. Hudson Street's investments are expected to yield net cash flows that exceed our operating annual expenses. Based on this and other factors, we soon found ourselves with over $4 million in new financing from Cornell Capital.
With our expanded relationship with Cornell Capital firmly in place, we set about targeting and acquiring privately held entities in the technology and biotech fields. We plan to create a vertically integrated core business, which that has already proven to be more viable and profitable than the previous business operation. We also plan, through Hudson Street, to acquire minority interests in private and publicly held emerging growth technology and biotech businesses that we believe will add significant accretive value to our shareholders.
Nevertheless, while looking forward, previous assets were not left behind; a new subsidiary, SpectruCell, Inc. was also formed in January 2004 to hold our North and South American marketing and distribution rights to SpectruCell (a software-defined radio (SDR) multiple protocol wireless system), which we acquired in 1999. While we do not know the current value, if any, of these rights, we have nevertheless formed SpectruCell, Inc. to hold these rights until such time as their value is determinable.
Our acquisition strategy soon began to materialize. In early June of this year, the Company acquired Cyber-Test, Inc. under our newly formed subsidiary, Encompass Group Affiliates, Inc. Cyber-Test employs 85 employees, is an established electronic equipment repair company specializing in the repair of computer peripheral products and records annual revenues of in excess of $6 million. We arranged to acquire the business for a combined purchase of just $4 million in cash, notes and contingent stock-a great bargain in our opinion. Cyber-Test, for their end, receives the right to receive our stock based on the attainment of certain financial milestones-the future value of which could be most profitable for them-as well as a strategic marketing partner to further their sales. The Cyber-Test acquisition was funded through the issuance of Series A Convertible Preferred Stock issued to Cornell Capital. Because the preferred stock is not convertible into common shares for one-year, we do not consider it to be dilutive to our shareholders.
Encompass Group would complete another purchase in late June 2004 from Hy-Tech Technology Group, Inc. This purchase included licensing rights to Hy-Tech's customers, its corporate web addresses, and the transfer of Hy-Tech's rights to negotiate certain acquisitions of its own including, but not limited to, Cyber-Test.
Of special interest includes the right to hire Martin Nielson, formerly Hy-Tech's Chief Executive Officer. Nielson's 30-year career includes serving as CEO and in other executive-level positions within public and private companies. Five start-ups, in which he served as an executive, became public on the NYSE, NASDAQ, OTCBB and London exchanges, and four became billion dollar corporations, among them The Gap, Businessland and Corporate Express.
Because of this extensive background, Mr. Nielson has been appointed Chief Executive Officer of Encompass Group. Mr. Nielson will also serve as Senior Vice President-Acquisitions for Advanced Communications Technologies and as a member of our Board of Directors.
In order to keep our investors updated, we recently retained the services of an investor relations firm specializing in communications for small, public companies. Equitilink requests your input and feedback and is happy to assist with your continued due diligence. Please contact them with your questions. Furthermore, I personally invite you to visit our new corporate website at www.advancedcomtech.net that has been re-designed to provide an accurate resource for our shareholders, and a higher public presence for the Company.
In summary, we have begun a journey towards growth by acquisition as well as organic growth from within. Along the way we look forward to sustainable positive cash flow and profitability with growing market share and a stronger, more-valuable Company with better, more-significant shareholder value. Though the challenges continue, we believe we will meet the challenges, and wish to thank you for your continued interest as shareholders.
Very truly yours,
Wayne I. Danson
President and Chief Financial Officer
Advanced Communications Technologies, Inc.
Market Cap: $1,799,366
Shares Outstanding: 1,799,365,845
aber in einem posting von mir (weiss die nummer nicht mehr) hab ich geschrieben, dass über 4,000,000,000 aktien outstanding sind, weil ich das gelesen habe. Komisch ist derzeit nur, dass die Jahreszahlen erst per News mitgeteilt worden sind und noch kein 10K-Filing (nur NT 10k) da ist. Aber das kommt noch.
Geht den Thread nochmals durch. Die News der letzten Zeit waren sensationell:
- Im Juli der Brief des CEOs an die Aktionäre
- Dann die guten Jahreszahlen
- Die sensationellen Aussichten.
- und jetzt eventuell eine tiefere Aktienzahl
also nochmals:
Das KGV bei 4 mia. Outst. wäre ca. 8
bei den 1,8 mia. outst. wäre das KGV gerade mal knapp bei 4 !!!!
übrigens hier noch der Brief an die Aktionäre von dem ich gesprochen habe:
Dear Shareholders,
Many businesses, especially small businesses, have faced mounting challenges during the last four years. We are most pleased to be among those that have risen to the challenge. As most of you are aware, last year began the pivotal change of our Company, with the Board electing to restructure the organization including, but not limited to, cleaning up our balance sheet.
A new business strategy was initiated, designed to avoid the previous, unprofitable course. Given the present state of the economy, I along with the other members of the management team and our strategic partners, are highly optimistic due to our recent financial and business results. With the closing of our June 30, 2004 fiscal year end, I would like to make the following update on behalf of the Company for your benefit:
In January 2004, we formed Hudson Street Investments, LLC, which then acquired a minority interest in Yorkville Advisors Management, LLC, the portfolio manager of Cornell Capital Partners, LP, our financial partner. This not only gives us a very good investment, but by acquiring part ownership of our main financier (our banker if you will), it assures us that our success is their success. Hudson Street's investments are expected to yield net cash flows that exceed our operating annual expenses. Based on this and other factors, we soon found ourselves with over $4 million in new financing from Cornell Capital.
With our expanded relationship with Cornell Capital firmly in place, we set about targeting and acquiring privately held entities in the technology and biotech fields. We plan to create a vertically integrated core business, which that has already proven to be more viable and profitable than the previous business operation. We also plan, through Hudson Street, to acquire minority interests in private and publicly held emerging growth technology and biotech businesses that we believe will add significant accretive value to our shareholders.
Nevertheless, while looking forward, previous assets were not left behind; a new subsidiary, SpectruCell, Inc. was also formed in January 2004 to hold our North and South American marketing and distribution rights to SpectruCell (a software-defined radio (SDR) multiple protocol wireless system), which we acquired in 1999. While we do not know the current value, if any, of these rights, we have nevertheless formed SpectruCell, Inc. to hold these rights until such time as their value is determinable.
Our acquisition strategy soon began to materialize. In early June of this year, the Company acquired Cyber-Test, Inc. under our newly formed subsidiary, Encompass Group Affiliates, Inc. Cyber-Test employs 85 employees, is an established electronic equipment repair company specializing in the repair of computer peripheral products and records annual revenues of in excess of $6 million. We arranged to acquire the business for a combined purchase of just $4 million in cash, notes and contingent stock-a great bargain in our opinion. Cyber-Test, for their end, receives the right to receive our stock based on the attainment of certain financial milestones-the future value of which could be most profitable for them-as well as a strategic marketing partner to further their sales. The Cyber-Test acquisition was funded through the issuance of Series A Convertible Preferred Stock issued to Cornell Capital. Because the preferred stock is not convertible into common shares for one-year, we do not consider it to be dilutive to our shareholders.
Encompass Group would complete another purchase in late June 2004 from Hy-Tech Technology Group, Inc. This purchase included licensing rights to Hy-Tech's customers, its corporate web addresses, and the transfer of Hy-Tech's rights to negotiate certain acquisitions of its own including, but not limited to, Cyber-Test.
Of special interest includes the right to hire Martin Nielson, formerly Hy-Tech's Chief Executive Officer. Nielson's 30-year career includes serving as CEO and in other executive-level positions within public and private companies. Five start-ups, in which he served as an executive, became public on the NYSE, NASDAQ, OTCBB and London exchanges, and four became billion dollar corporations, among them The Gap, Businessland and Corporate Express.
Because of this extensive background, Mr. Nielson has been appointed Chief Executive Officer of Encompass Group. Mr. Nielson will also serve as Senior Vice President-Acquisitions for Advanced Communications Technologies and as a member of our Board of Directors.
In order to keep our investors updated, we recently retained the services of an investor relations firm specializing in communications for small, public companies. Equitilink requests your input and feedback and is happy to assist with your continued due diligence. Please contact them with your questions. Furthermore, I personally invite you to visit our new corporate website at www.advancedcomtech.net that has been re-designed to provide an accurate resource for our shareholders, and a higher public presence for the Company.
In summary, we have begun a journey towards growth by acquisition as well as organic growth from within. Along the way we look forward to sustainable positive cash flow and profitability with growing market share and a stronger, more-valuable Company with better, more-significant shareholder value. Though the challenges continue, we believe we will meet the challenges, and wish to thank you for your continued interest as shareholders.
Very truly yours,
Wayne I. Danson
President and Chief Financial Officer
Advanced Communications Technologies, Inc.
Das mir den 4 Mia. Shares - damit sind nicht die "outstanding shares" gemeint, sondern die "authorized shares", daß heisst die können bis zu 4 Mia. shares ausgeben!
xpfuture
xpfuture
www.pinksheets.com/quote/...004%255C07%255C12%255C&symbol=ADVC
Sieht wirklich so aus als ob es tatsächlich 4,506,868,683 SHARES outst. wären (ganz am Anfang des Berichts
"To increase our authorized shares of common stock from 200,000,000 shares to 5,000,000,000" (unter "Item 4" zu lesen)
Sieht wirklich so aus als ob es tatsächlich 4,506,868,683 SHARES outst. wären (ganz am Anfang des Berichts
"To increase our authorized shares of common stock from 200,000,000 shares to 5,000,000,000" (unter "Item 4" zu lesen)
hab die "kollegen" von ADVC mal angefragt, was denn nun stimmt. mal schauen obs eine antwort gibt :)
mal den verstaubten thread aus dem archiv holen. aber nicht ohne grund. ADVCE ist wieder ADVC, weil sie den 10KSB gefilt haben. und hier gibts gleich die tollen zahlen zu sehen. letzte woche war die aktie noch 0.0004 jetzt bereits wieder 0.001 !!!! bald 0.002 ??? ich habe meine vk-order gesetzt. werde tief wieder zugreifen.
The fiscal year end 2004 net profits mark the first time in the Company's Wayne Danson, the Company's President and Chief Financial Officer said, "We hope that our investors will find the information available on the new website helpful." Danson continued, "With all of the new and vital activities that transformed the Company over the past year, from a single technology company with no revenue to an expanding business enterprise with over $8,000,000 in assets, we deemed it important to provide our shareholders and the general public with an effective channel to as much current information about the Company as possible." Martin Nielson, the Company's Senior Vice President-Acquisitions and Chief Executive Officer of Encompass Group Affiliates, Inc. ("Encompass"), the Company's principal operating entity said, "We have recently undergone many constructive changes that our new website reflects." Nielson continued, "The website depicts our current business ventures, acquisition objectives, the role of Encompass, Cyber-Test's (the Company's core business entity) operations, corporate governance, and much more. We are pleased with the level of information that the website offers and encourage you to visit it soon and submit your feedback." Advanced Communications' new website enables shareholders and interested parties to access an in-depth business overview of the Company, a description of its subsidiary companies, current and past press releases and SEC filings, business highlights, biographies of the management team, a current Company stock quote, and even provides a section to request corporate communications by email, among other things. About Advanced Communications Technologies Inc. Advanced Communications Technologies, Inc. (the "Company") is a New York City-based holding company that, through its wholly owned subsidiary and principal operating unit Encompass Group Affiliates, Inc., owns Cyber-Test, Inc., an established electronic equipment repair company based in Longwood, Florida. Additionally, the Company, through its wholly owned investment subsidiary Hudson Street Investments, Inc., owns a minority interest in Yorkville Advisors Management, LLC, an investment management partnership, and through SpectruCell, Inc., owns the rights to market and distribute in North and South America, SpectruCell, an in-development wireless-based telecommunications technology. About Encompass Group Affiliates, Inc. Encompass Group Affiliates, Inc. ("Encompass") is the principal operating company of Advanced Communications Technologies, Inc. Based in New York City, Encompass seeks to acquire companies that complement its charter to become a leader in integrated technology and services. Encompass owns Cyber-Test, Inc., an established electronic equipment repair company based in Longwood, Florida and exclusive licenses to selected technology assets. This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934. Although the Company believes that the expectations reflected in such statements are reasonable, no assurances can be given that they will prove correct. The Company remains exposed to risk factors outlined in the Company's Prospectus and Annual Report on Form 10-KSB as filed with the Securities and Exchange Commission. Statements made herein are not a guarantee of future corporate or stock performance. SOURCE: Advanced Communications Technologies noch eine anmerkung: Wayne Danson kaufte 14 Tage vor der Bekanntgabe der Zahlen im September 7800000 ADVC. Er hält aktuell rund 65 Millionen Stücke !!!
history that it reported overall net earnings for the year.
Fiscal Year 2004 Financial Highlights
-- Strong net earnings for the year of $475,820 representing a
$2,344,851 increase over fiscal 2003's net loss of $1,869,031.
-- Sales from Encompass' wholly owned operating subsidiary, Cyber-
Test was $605,468 for the month of June, for projected fiscal 2005
annualized revenue of $7,200,000. Cyber-Test's contribution to
net earnings was $25,000 after deducting operating costs.
-- Balance sheet shows substantive and significant improvement from
the prior fiscal year, with a $7.4 million increase in
stockholders' equity from fiscal 2003.
-- Partnership investment in Yorkville generates $335,000 of cash and
$439,999 of net earnings for the period January 1, 2004-June 30,
2004.
-- Operating and interest expense decreased by $428,515 and $266,702,
respectively, compared with the fiscal year ended June 30, 2003.
-- Total assets equal $7,996,339, a $7,925,591 increase from fiscal
year ended June 30, 2003, with a cash increase of approximately
$1,170,000 from the prior fiscal year.
Wayne I. Danson, the Company's President and CFO said, "We are excited to report
that our assets increased in less than one year from approximately $70,000 to
approximately $8,000,000." Danson continued, "Our stronger financial position is
a direct result of the Company's shift from a single, in-development technology
company with a negative balance sheet, to a successful revenue producing
company. Fiscal 2004 represents a paradigm shift of our operations and approach
to business with more emphasis on building a core technology and service
business while also keeping with the entrepreneurial spirit of aggressively
pursuing strategic investments in exciting technology and biotech privately
owned businesses. In fiscal 2005, the Company will focus on growth and core
business fundamentals of net earnings and cash flow." Danson closed with, "I
want to express my gratitude to our dedicated shareholders for their continuing
support, as we are working hard everyday to increase shareholder value and build
the Company into a successful business enterprise."
Management projects gross revenue of $8,000,000 and net income of $800,000 for
the Company's fiscal year ending June 30, 2005.
About Encompass Group Affiliates, Inc.
Encompass Group Affiliates, Inc. ("Encompass") is the principal operating
company of Advanced Communications Technologies, Inc. Based in New York City,
Encompass seeks to acquire companies that complement its charter to become a
leader in integrated technology and services. Encompass owns Cyber-Test, Inc.,
an established electronic equipment repair company based in Longwood, Florida
and exclusive licenses to selected technology assets.
About Advanced Communications Technologies Inc.
Advanced Communications Technologies, Inc. (the "Company") is a New York
City-based holding company that, through its wholly owned subsidiary and
principal operating unit Encompass Group Affiliates, Inc., owns Cyber-Test,
Inc., an established electronic equipment repair company based in Longwood,
Florida. Additionally, the Company through its wholly owned investment
subsidiary Hudson Street Investments, Inc., owns a minority interest in
Yorkville Advisors Management, LLC, an investment management partnership, and
through SpectruCell, Inc., owns the rights to market and distribute in North and
South America, SpectruCell, an in-development wireless-based telecommunications
technology.
This release contains 'forward-looking statements' within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Act of 1934. Although the Company believes that the expectations reflected in
such statements are reasonable, no assurances can be given that they will prove
correct. The Company remains exposed to risk factors outlined in the Company's
Prospectus and Annual Report on Form 10-KSB as filed with the Securities and
Exchange Commission. Statements made herein are not a guarantee of future
corporate or stock performance.
NEW YORK, Aug 27, 2004 (PRIMEZONE via COMTEX) -- Advanced Communications Technologies, Inc. (OTCBB:ADVC) (the "Company") today announced that its new website has been launched and may be accessed at www.advancedcomtech.net. (Verkleinert auf 92%) 
Servus wie geht´s dir?
Ich kann nicht versteh´n, daß trotz der guten Zahlen der Kurs immer noch bei diesen Kursen umherdümpelt!
Sehr positiv ist das Cashpolster, daß sich von 22 tsd auf 1,2 Mio innerhalb eines Jahres ver50facht hat.
xpfuture
Ich kann nicht versteh´n, daß trotz der guten Zahlen der Kurs immer noch bei diesen Kursen umherdümpelt!
Sehr positiv ist das Cashpolster, daß sich von 22 tsd auf 1,2 Mio innerhalb eines Jahres ver50facht hat.
xpfuture
Advanced Communications Technologies Engages Hawk Associates for Investor Relations Services
NEW YORK, Nov 22, 2004 /PRNewswire-FirstCall via COMTEX/ -- Advanced
Communications Technologies, Inc. (OTC Bulletin Board: ADVC) a New York-based
diversified public holding company that specializes in the repair of computer
peripheral products and seeks to acquire and consolidate high-growth companies
in the highly fragmented technology service industry, announced today that it
has engaged Hawk Associates, Inc. to provide the company with investor relations
and financial public relations services.
Wayne I. Danson, president and chief financial officer of Advanced
Communications, said, "Hawk Associates is the premier investor relations agency
working with microcap companies on Wall Street today. Frank Hawkins and Julie
Marshall and the Hawk team have a strong track record of building a strong
investor communications program, which is a priority as our company continues to
grow rapidly. We expect the Hawk team, its processes and its professional
approach to the market will be useful in helping investors stay informed about
developments in our company, which is at a significant implementation stage in
its lifecycle."
Frank N. Hawkins, Jr., chief executive officer of Hawk Associates, said, "We are
delighted to have partnered with Advanced Communications Technologies at this
particular stage in the company's development. The company seeks to become a
profitable supplier of a vertically integrated, diverse range of technology
services and to distinguish itself from competitors in a highly fragmented and
confusing market. In less than a year, the firm has moved from a negative
balance sheet, legacy technology company to a successful revenue- generating
business with an innovative plan to optimize its opportunity to become the
primary resource for customers nationwide. The company has strong forward
momentum and excellent prospects thanks to an experienced management team that
is highly focused and determined to be successful."
About Advanced Communications Technologies, Inc.
Advanced Communications Technologies, Inc. is a New York-based diversified
public holding company seeking to acquire and consolidate high-growth companies
in the highly fragmented technology service industry. The company's principal
operating unit is Encompass Group Affiliates, Inc., which owns Cyber-Test, Inc.,
an electronic equipment repair company in Longwood, Florida. Cyber-Test is
currently Advanced Communications' core operating business and primary profit
and growth engine. The company, through its subsidiary Hudson Street
Investments, LLC, also owns a minority interest in Yorkville Advisors
Management, LLC, an investment management partnership. More information about
Advanced Communications Technologies, Inc. can be found on its website,
www.advancedcomtech.net
A profile for investors on Advanced Communications may be found at the website
www.hawkassociates.com/advancedcommunications/profile.htm
About Hawk Associates, Inc.
Hawk Associates, Inc. is a full-service national investor relations and
financial media relations consulting firm serving clients in California,
Colorado, Connecticut, Florida, Maryland, Minnesota, New Jersey, New Mexico, New
York, Texas, Utah, Virginia and Canada.
An online investor kit containing Advanced Communications' press releases, SEC
filings, current price Level II quotes, interactive Java stock charts and other
useful information for investors can be found at www.hawkassociates.com
and www.hawkmicrocaps.com
This release and oral statements made from time to time by the company's
representatives concerning the same subject matter may contain "forward looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements can be identified by introductory words such as
"expects," "plans," "intends," "believes," "will," "estimates," "forecasts,"
"projects" or words of similar meaning, and by the fact that they do not relate
strictly to historical or current facts. Many factors may cause actual results
to differ from forward-looking statements, including inaccurate assumptions and
a broad variety of risks and uncertainties, some of which are known and others
of which are not. Known risks and uncertainties include those identified from
time to time in the reports filed by the company with the Securities and
Exchange Commission, which should be considered together with any forward
looking statement. No forward looking statement is a guarantee of future results
or events, and one should avoid placing undue reliance on such statements.
Contact Information
Hawk Associates, Inc.
Frank N. Hawkins, Jr. or
Julie Marshall
Phone: 305-852-2383
E-mail: info@hawkassociates.com
SOURCE Hawk Associates, Inc.
CONTACT: Frank N. Hawkins, Jr. or Julie Marshall, both of Hawk
Associates, Inc., +1-305-852-2383, or info@hawkassociates.com
/Company News On-Call: www.prnewswire.com/comp/133897.html
URL: www.hawkassociates.com
www.prnewswire.com
Copyright (C) 2004 PR Newswire. All rights reserved.
NEW YORK, Nov 22, 2004 /PRNewswire-FirstCall via COMTEX/ -- Advanced
Communications Technologies, Inc. (OTC Bulletin Board: ADVC) a New York-based
diversified public holding company that specializes in the repair of computer
peripheral products and seeks to acquire and consolidate high-growth companies
in the highly fragmented technology service industry, announced today that it
has engaged Hawk Associates, Inc. to provide the company with investor relations
and financial public relations services.
Wayne I. Danson, president and chief financial officer of Advanced
Communications, said, "Hawk Associates is the premier investor relations agency
working with microcap companies on Wall Street today. Frank Hawkins and Julie
Marshall and the Hawk team have a strong track record of building a strong
investor communications program, which is a priority as our company continues to
grow rapidly. We expect the Hawk team, its processes and its professional
approach to the market will be useful in helping investors stay informed about
developments in our company, which is at a significant implementation stage in
its lifecycle."
Frank N. Hawkins, Jr., chief executive officer of Hawk Associates, said, "We are
delighted to have partnered with Advanced Communications Technologies at this
particular stage in the company's development. The company seeks to become a
profitable supplier of a vertically integrated, diverse range of technology
services and to distinguish itself from competitors in a highly fragmented and
confusing market. In less than a year, the firm has moved from a negative
balance sheet, legacy technology company to a successful revenue- generating
business with an innovative plan to optimize its opportunity to become the
primary resource for customers nationwide. The company has strong forward
momentum and excellent prospects thanks to an experienced management team that
is highly focused and determined to be successful."
About Advanced Communications Technologies, Inc.
Advanced Communications Technologies, Inc. is a New York-based diversified
public holding company seeking to acquire and consolidate high-growth companies
in the highly fragmented technology service industry. The company's principal
operating unit is Encompass Group Affiliates, Inc., which owns Cyber-Test, Inc.,
an electronic equipment repair company in Longwood, Florida. Cyber-Test is
currently Advanced Communications' core operating business and primary profit
and growth engine. The company, through its subsidiary Hudson Street
Investments, LLC, also owns a minority interest in Yorkville Advisors
Management, LLC, an investment management partnership. More information about
Advanced Communications Technologies, Inc. can be found on its website,
www.advancedcomtech.net
A profile for investors on Advanced Communications may be found at the website
www.hawkassociates.com/advancedcommunications/profile.htm
About Hawk Associates, Inc.
Hawk Associates, Inc. is a full-service national investor relations and
financial media relations consulting firm serving clients in California,
Colorado, Connecticut, Florida, Maryland, Minnesota, New Jersey, New Mexico, New
York, Texas, Utah, Virginia and Canada.
An online investor kit containing Advanced Communications' press releases, SEC
filings, current price Level II quotes, interactive Java stock charts and other
useful information for investors can be found at www.hawkassociates.com
and www.hawkmicrocaps.com
This release and oral statements made from time to time by the company's
representatives concerning the same subject matter may contain "forward looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements can be identified by introductory words such as
"expects," "plans," "intends," "believes," "will," "estimates," "forecasts,"
"projects" or words of similar meaning, and by the fact that they do not relate
strictly to historical or current facts. Many factors may cause actual results
to differ from forward-looking statements, including inaccurate assumptions and
a broad variety of risks and uncertainties, some of which are known and others
of which are not. Known risks and uncertainties include those identified from
time to time in the reports filed by the company with the Securities and
Exchange Commission, which should be considered together with any forward
looking statement. No forward looking statement is a guarantee of future results
or events, and one should avoid placing undue reliance on such statements.
Contact Information
Hawk Associates, Inc.
Frank N. Hawkins, Jr. or
Julie Marshall
Phone: 305-852-2383
E-mail: info@hawkassociates.com
SOURCE Hawk Associates, Inc.
CONTACT: Frank N. Hawkins, Jr. or Julie Marshall, both of Hawk
Associates, Inc., +1-305-852-2383, or info@hawkassociates.com
/Company News On-Call: www.prnewswire.com/comp/133897.html
URL: www.hawkassociates.com
www.prnewswire.com
Copyright (C) 2004 PR Newswire. All rights reserved.
Aha es gibt wieder mal News - und es geht up!
Hab nur mal schnell drüber gelesen, hört sich aber nicht so schlecht an!
Hier muß man einfach geduldig sein! Wenn die mal beginnen nach oben zu laufen , könnte man die nicht mehr aufhalten.
xpfuture
Hab nur mal schnell drüber gelesen, hört sich aber nicht so schlecht an!
Hier muß man einfach geduldig sein! Wenn die mal beginnen nach oben zu laufen , könnte man die nicht mehr aufhalten.
xpfuture
...es handelt sich hier mal nicht um eine spekulation auf erträge in der zukunft, die firma arbeitet schon profitabel. es muss nur noch ein breiteres publikum drauf aufmerksam werden.
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