American Access Technologies Reports Record Sales of $2.1 Million for Second Quarter 2005
July 11 2005 - 9:30AM
PR Newswire (US)
American Access Technologies Reports Record Sales of $2.1 Million
for Second Quarter 2005 All-Time Best Quarter Sales in Corporate
History Leads to 29% Sales Growth for Six Months Ended June 30,
2005 KEYSTONE HEIGHTS, Fla., July 11 /PRNewswire-FirstCall/ --
American Access Technologies, Inc. (NASDAQ:AATK) is pleased to
announce that preliminary unaudited sales for the three months
ended June 30, 2005 were approximately $2,100,000, an increase of
20% over second quarter 2004 sales of $1,754,514. For the six
months ended June 30, 2005, preliminary unaudited sales were
$3,900,000, a 29% increase over the 2004 period. The second quarter
2005 marked the eleventh quarter out of the last twelve with
year-over-year quarterly sales increases. Significant factors
contributing to the increase in sales in second quarter 2005
include: continued solid execution of our overall internal sales
and marketing plan, production from our new laser cutting machine
which enables the Company to compete for new customers as well as
to improve the efficiency of current manufacturing processes,
strategic marketing campaigns by the Company's sales partners, the
training and education of end users and the adoption of industry
standards for zone cabling and wireless products. Joe McGuire,
Chief Financial Officer, commented, "Our performance this quarter
and year-to-date gives us three years of consistent, steady sales
growth. All indicators lead us to anticipate that this positive
trend will continue for the balance of the year." "We are on track
to reach our announced goal of achieving profitability in fiscal
2005. Every employee of American Access is focused on doing their
part to enable us to deliver strong financial results and increased
value for American Access shareholders." Detailed information on
financial results for the second quarter 2005 are included in the
Company's Quarterly Report on Form 10-QSB that will be filed with
the Securities and Exchange Commission in approximately 20 to 30
days. The preliminary 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 of American Access Technologies,
Inc., +1-352-473-6673, Web site: http://www.aatk.com/
Copyright
American Access (NASDAQ:AATK)
Historical Stock Chart
From Apr 2024 to May 2024
American Access (NASDAQ:AATK)
Historical Stock Chart
From May 2023 to May 2024