American Access Technologies Reports Record First Quarter Sales
April 11 2006 - 10:30AM
PR Newswire (US)
KEYSTONE HEIGHTS, Fla., April 11 /PRNewswire-FirstCall/ -- American
Access Technologies, Inc. (NASDAQ:AATK) is pleased to announce that
the preliminary unaudited sales for the three months ended March
31, 2006 approximated $2,131,000, the Company's historic best first
quarter and an increase of 16.8% over the previous record first
quarter sales achieved in fiscal 2005. "In both 2004 and 2005, the
first quarter represented the lowest sales quarter of the year. So
if recent history repeats, we are well on our way to our fourth
consecutive record sales year and the fifth consecutive year with
double-digit sales growth," commented Joe McGuire, Chief Financial
Officer. "Profitability continues to be at the forefront of our
priorities for 2006 as we focus on manufacturing efficiencies,
price increases and higher margin revenues. While we came close to
achieving profitability in fiscal 2005, we did not. We did,
however, improve our bottom line by over 80% in 2005," added
McGuire. Detailed information on financial results for the quarter
ended March 31, 2006 will be included in the Company's Quarterly
Report on Form 10-QSB that will be filed with the Securities and
Exchange Commission in approximately 25 to 30 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 levels of
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 levels of 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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