American Access Technologies Reports 2005 Was Third Consecutive Record-Breaking Sales Year
January 10 2006 - 9:30AM
PR Newswire (US)
2005 Record Sales Increase 25% Over 2004 and Record Fourth Quarter
2005 Sales Increase 20% Over Fourth Quarter 2004 KEYSTONE HEIGHTS,
Fla., Jan. 10 /PRNewswire-FirstCall/ -- American Access
Technologies, Inc. (NASDAQ:AATK) is pleased to announce that the
preliminary unaudited estimated sales for the year ended December
31, 2005 were a record- breaking, all-time corporate high of
$8,434,000, a solid increase of 25% over the sales for 2004 of
$6,740,000. For the three months ended December 31, 2005,
preliminary unaudited estimated sales were $2,141,000, which is a
record-breaking, all-time corporate best fourth quarter and the
second best quarter in the history of the Company. Sales for the
fourth quarter 2005 exceeded sales for the three months ended
December 31, 2004, of $1,787,000 by 20%. "We are extremely pleased
with our sales results for the year 2005 and we are very proud of
the job our entire team has done this year. The $8.43 million in
sales represented our third consecutive year of reporting record
sales. The fourth quarter sales represented the third consecutive
quarter with over two million in sales and marked the thirteenth
quarter out of the last fourteen with year-over-year quarterly
sales increases," commented Joe McGuire, Chief Financial Officer.
"We believe that our actions, both strategic and tactical, have put
American Access in a much better position today than it has been
over the last few years. Current trends and indications lead us to
anticipate that 2006 will result in our fourth consecutive year of
record sales. While preliminary unaudited results indicate that the
fourth quarter of 2005 did not generate the $60,000 in net income
needed to achieve profitability in 2005, our progress towards that
goal was substantial. We anticipate price increases planned for
2006 will enable us to reach this goal in 2006. We enter the new
year well positioned to continue with our corporate mission to
increase our revenues, control our expenses, increase shareholders'
value and achieve our fourth consecutive best year in our history,"
added McGuire. Detailed information on financial results for the
year ended December 31, 2005 will be included in the Company's
audited Annual Report on Form 10-KSB that will be filed with the
Securities and Exchange Commission in approximately 60 to 75 days.
The preliminary sales results noted above are subject to revision.
About American Access Technologies, Inc. American Access
Technologies, Inc. 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. The Omega Metals division
manufactures proprietary products, and also employs
state-of-the-art metal fabrication and finishing techniques for
public and private companies and 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,
+1-352-473-6673, or Web site: http://www.aatk.com/
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