American Access Technologies Reports Record-Breaking First Quarter Preliminary Sales
April 05 2005 - 10:30AM
PR Newswire (US)
American Access Technologies Reports Record-Breaking First Quarter
Preliminary Sales Total Sales Increase 42.7% and Zone Division
Sales Increase 57.2% Over First Quarter 2004 KEYSTONE HEIGHTS,
Fla., April 5 /PRNewswire-FirstCall/ -- American Access
Technologies, Inc. (NASDAQ:AATK) today announced that the
preliminary unaudited sales for the three months ended March 31,
2005 approximated a record-breaking all-time first quarter
corporate high of $1,822,000, a robust increase of 42.7% over the
sales of the quarter ended March 31, 2004 of $1,277,000. The
previous record for first quarter sales was $1,510,000 in 2000.
"Current trends and indications lead us to anticipate that 2005
will result in our third consecutive year of record sales. Our
sales and distribution partners report that they are continuing
their active marketing campaigns and the training and education of
end users in conjunction with the industry standards approval for
our zone cabling and wireless products in late 2004," said Joe
McGuire, Chief Financial Officer. "Our new laser cutting equipment
will be online in the second quarter and will enable us to compete
for new customers as well as to improve the efficiency of our
current manufacturing processes." "While we are confident that we
will easily surpass last year's all time record sales, we will
continue to focus on achieving profitability. We expect to report a
significant reduction in our net loss for the first quarter of
2005, and we anticipate that in 2005 our march to profitability
will be realized," added McGuire. For further detailed information
on sales and expenses for the first quarter 2005, please read the
Company's Quarterly Report on Form 10-QSB that will be filed with
the Securities and Exchange Commission in approximately 25 to 35
days. The preliminary results noted above are subject to revision.
About American Access Technologies, Inc. American Access
manufactures patented zone cabling and wireless enclosures that
mount in ceilings, raised floors, and in custom furniture, for
routing of telecommunications cabling, fiber optics and wireless
solutions to the office desktop. The Company's concept of "zone
cabling" reduces costs for initial network installation and
facilitates moves, adds, changes and upgrades for the network
installations of today and tomorrow. Its Omega Metals division
manufactures its proprietary products, and also employs
state-of-the-art metal fabrication and finishing techniques for
public and private companies and for the U.S. government
contractors. Our Company SEC filings, news and product/service
information are available at http://www.aatk.com/ . Cautionary Note
Concerning Forward-Looking Statements: This press release contains
forward-looking statements as defined in Section 27A of the
Securities Exchange Act of 1934, regarding future revenues and
profits. While the Company believes that such forward-looking
statements are based on reasonable assumptions, there can be no
assurance that such future revenues and profits will be achieved or
achieved on the schedule indicated. Furthermore, unanticipated
future events, conditions and financial trends may affect the
Company's revenues, operating results and financial position.
Prospective investors are cautioned that these forward-looking
statements are not guarantees of future performance. Actual events
or results may differ from the Company's expectations, and are
subject to various risks and uncertainties, including those listed
in the Company's SEC filings. The Company assumes no obligation to
publicly update or revise its forward-looking statements even if
experience or future events make it clear that any of the projected
results expressed or implied therein will not be realized. Company
Contact: Joe McGuire, Chief Financial Officer (352) 473-6673/
DATASOURCE: American Access Technologies, Inc. CONTACT: Joe
McGuire, Chief Financial Officer, American Access Technologies,
Inc., +1-352-473-6673, or Web site: http://www.aatk.com/
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