American Access Technologies Reports Record Sales of $2.36 Million for Third Quarter 2005
October 10 2005 - 11:17AM
PR Newswire (US)
Second Consecutive All-Time Best Quarter Sales in Corporate History
Leads to 27% Sales Growth for Nine Months Ended September 30, 2005
KEYSTONE HEIGHTS, Fla., Oct. 10 /PRNewswire-FirstCall/ -- American
Access Technologies, Inc. (NASDAQ:AATK) is pleased to announce that
preliminary unaudited sales for the three months ended September
30, 2005 were approximately $2,360,000, an increase of 23% over
third quarter 2004 sales of $1,922,056. For the nine months ended
September 30, 2005, preliminary unaudited sales were $6,300,000, a
27% increase over the 2004 period. The third quarter 2005 marked
the twelfth quarter out of the last 13 quarters with year-over-year
quarterly sales increases. Significant factors contributing to the
increase in sales in third quarter 2005 are consistent with last
quarter's results: 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 over three
years of consistent, steady sales growth and will mark our third
consecutive year of record sales. All indicators lead us to
anticipate that this positive trend will continue for the balance
of the year. "We continue to be on track to reach our announced
goal of achieving profitability in 2005. Every employee continues
to be 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
third 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,
American Access Technologies, +1-352-473-6673, or Web site:
http://www.aatk.com/
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