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Advanced Communications Remains Focused on Business Expansion Path29 January 2006
Advanced Communications Technologies, Inc. (OTCBB:ADVC), a New York-based holding company that specializes in the technology after-market service and supply chain known as reverse logistics, today announced that its business strategy, described in its open letter to shareholders last June, remains a clear and valid roadmap for its business expansion activities and objectives. Management has expressed that it will be sharing information with its shareholders once the various transactions the company is currently working on are complete and can be disclosed under applicable confidentiality provisions and SEC guidelines.
Wayne Danson, president and CEO of Advanced Communications, said, "We remain focused and determined to ensure that our stock price fairly reflects the true underlying value of our business and our plans for growth. We appreciate the continued support, and look forward to sharing the exciting results of our business expansion efforts with our shareholders as soon as we are able to do so."
About Advanced Communications Technologies, Inc.
Advanced Communications Technologies is a New York-based public holding company specializing in the technology after-market service and supply chain, known as reverse logistics. Its wholly owned subsidiary and principal operating unit, Encompass Group Affiliates, Inc. acquires and operates businesses that provide computer and electronics repair and end-of-lifecycle services. Encompass owns Cyber-Test, Inc., an electronic equipment repair company based in Florida that provides board-level repair of technical products to third-party warranty companies, OEMs, national retailers and national office equipment dealers. Service options include advance exchange, depot repair, call center support, parts and warranty management for office equipment, fax machines, printers, scanners, laptop computers, monitors and multi-function units, including high-end consumer electronics.
For more information, visit http://www.advancedcomtech.net.
This release and oral statements made from time to time by the company's representatives concerning the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by introductory words such as "expects," "plans," "intends," "should," "believes," "will," "estimates," "forecasts," "projects" or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by the company with the Securities and Exchange Commission, which should be considered together with any forward-looking statement. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements.
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CONTACT: Advanced Communications Technologies, Inc.
Wayne Danson
(646) 227-1600
Source: primezone
All trademarks and copyrighted information contained herein are the property of their respective owners.
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