American Access Technologies Reports 2004 Best Sales Year in its 8-Year History - Second Consecutive Record-Breaking Sales Year
January 10 2005 - 11:24AM
PR Newswire (US)
American Access Technologies Reports 2004 Best Sales Year in its
8-Year History - Second Consecutive Record-Breaking Sales Year
Twelve-Month 2004 Record Sales Increase 22.2% over 2003 and Fourth
Quarter 2004 Sales Increase 23.3% over Prior Quarter KEYSTONE
HEIGHTS, Fla., Jan. 10 /PRNewswire-FirstCall/ -- American Access
Technologies, Inc. (NASDAQ:AATK) today announced that the
preliminary unaudited estimated sales for the year ended December
31, 2004 were a record- breaking, all-time corporate high of
$6,736,000, a robust increase of 22.1% over the sales for 2003 of
$5,513,000. For the three months ended December 31, 2004,
preliminary unaudited estimated sales of $1,783,000, the
second-best quarter in the history of the Company, exceeded sales
for the three months ended December 31, 2003, $1,446,000 by 23.3%.
"We are extremely pleased with our sales results for the year 2004
and we are very proud of the job our entire team has done this
year. We anticipate that our zone cabling products will continue to
benefit from the new zone cabling standards released in the
industry in 2004. In addition, we anticipate increased sales in
2005, as our team continues to present the advantages of zone
cabling over traditional home run wiring. The move towards an open
office environment and advances in telecommunications technologies
and network economics will increase zone cabling in both existing
and new construction," 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. These actions, coupled with an
improving economic landscape, give us confidence looking forward to
2005. We enter the new year well positioned to realize our very
focused corporate mission to increase our revenues, control our
expenses, continue our march to profitability, increase
shareholders' value and achieve our third consecutive best year in
our history," added McGuire. For further detailed information on
sales and expenses for the quarter and year ended December 31,
2004, please read the Company's audited Annual Report (10-KSB) that
will be filed with the Securities and Exchange Commission in
approximately 50 to 60 days. The preliminary sales 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
subsidiary 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. 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. While the Company believes that such
forward looking statements are based on reasonable assumptions,
there can be no assurance that such future revenues 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. DATASOURCE: American Access
Technologies, Inc. CONTACT: Joe McGuire, Chief Financial Officer of
American Access Technologies, Inc., +1-352-473-6673, or Web site:
http://www.aatk.com/
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