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AATK - do you know the share structure?
LIKE AATK. amy long term this baby so have some but want 1.70 also cuase I love to touch a bottom.....Best senarion is that this stock moves in any direction in shortest span as long as fundamentals essentially in tact.
Piling away NYER as well for hedge fund Pride day celebrated a dozen times in 2005.
under whats going on?
I hold a small position in this co., paid $5.00 and forgot about it.
Any info would be appreciated.
Look at scmi and read some of my posts,,,,,scmi could make anyone a millionaire....a terrific investment ready to go to the top of the charts. go to investorshub scmi
Building a beautiful handle currently. Strong accumulation in the $1.90s. Ready to make the move to $2.50+ on any news.
Nice start to the day. Gapping up $.14 this am
Nice earnings release this am
American Access Technologies Reports Second Quarter Financial Results
AATK Targeting Second Consecutive Record Sales Year Three-Month Record Sales up 47.6%, Six Month Record Sales up 12.7% Over Prior Periods KEYSTONE HEIGHTS, Fla. - PRNewswire-FirstCall - Aug. 3
KEYSTONE HEIGHTS, Fla., Aug. 3 /PRNewswire-FirstCall/ -- American Access Technologies, Inc. today is pleased to report unaudited financial results for the three and six months ended June 30, 2004. Total sales for the three months ended June 30, 2004 were a record-breaking all-time high of $1,754,514, an increase of 47.6% over the sales of $1,188,347 in the second quarter of 2003. Total sales for the six months ended June 30, 2004 were a record-breaking six-month high of $3,031,484, an increase of 12.7% over the sales of $2,689,745 for the six months ended June 30, 2003.
For the three months ended June 30, 2004, we generated a net loss of $200,290 or ($0.03) per share, which was a $361,604 decrease (or 64.4%) in net loss from the net loss of $561,894 or ($0.09) per share over the comparative three-month period in 2003. For the six months ended June 30, 2004, we generated a net loss of $493,805 or ($0.08) per share, which was a $175,318 decrease (or 26.2%) in net loss from the net loss of $669,123 or ($0.11) per share over the comparative six-month period in 2003.
The following were the most notable factors in the three- and six-month period ending June 30, 2004: overall sales increased, margins improved and compensation decreased. These positive factors were somewhat offset by higher legal expenses. Most of the higher legal expenses related to the settlement of two non-material legal matters in the second quarter of 2004. It was management's decision that it was in the best interest of the Company to settle these matters rather than to continue further time-consuming and expensive litigation.
In announcing the financial results Joe McGuire, Chief Financial Officer of American Access Technologies, Inc., stated, "Our six-month 2004 sales of approximately $3,031,000 put us on a sales pace ahead of the prior six years. We continue to pursue our goal of profitability and hope to mark 2004 as the best year in our history. Looking ahead to the second half of 2004, while economic conditions remain uncertain, we have a number of initiatives in place to help drive future sales growth. Based on sales through July 2004, we continue to remain on track for a second consecutive historic sales year. Our strategic plan continues to focus our efforts to increase our revenues, control our expenses, continue our march to profitability and increase shareholders' value.
"We continue to believe that our zone cabling and wireless products have just entered the early stages of the growth phase of the product life cycle. We believe that the publication by Telecommunications Industry Association in February 2004 of standards for zone cabling represents the end of the introductory phase and will be an important catalyst to achieve growth. With the TIA publication, there can be no further doubt that zone cabling has arrived and is accepted in the market. In the second quarter of 2004, our zone and wireless division sales increased 60% over the same quarter a year ago. We further believe that our strategic relationship with Chatsworth Products Inc. for the marketing and sales of zone cabling products will facilitate exposure of these products to decision makers as well as improve the availability of customer service and technical assistance to respond to expanding interest in the products during the growth phase. This trend has been observed in the second quarter's sales results. Nevertheless, we recognize that our zone cabling and wireless products are usually incorporated into a larger project, which is beyond our ability to control. Therefore, we are subject to the general economic trends which govern the pace of such projects."
For further detailed information, please read the Company's Quarterly Report (10Q-SB), which will be filed with the Securities and Exchange Commission this week.
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/.
Note: This press release for American Access Technologies, Inc. contains forward-looking statements as defined in Section 27A of the Securities Exchange Act of 1934, regarding events, conditions and financial trends that may affect the Company's future operating results and financial position. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual events or results may differ from the Company's expectations, which are subject to various risks and uncertainties listed in the Company's SEC filings. The forward-looking statements made herein are based on information presently available to the management of the company. The company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.
Company Contact: Joe McGuire, Chief Financial Officer
(352) 473-6673/ jmcguire@aatk.com
American Access Technologies, Inc.
Web site: http://www.aatk.com/
AATK due diligence and links to recent articles:
http://www.aatk.com/news.asp?id=76
Keystone Heights, FL - 4/8/2004 - American Access Technologies, Inc. (NASDAQ: AATK) today announced that Ken Cornell
was appointed to the Board of Directors and will contribute over 13 years of business expertise to the Board. Mr. Cornell replaces Jerry J. Boyd who resigned March 31. Mr. Cornell founded CornellCFO in 1997. CornellCFO has assisted companies in the high technology arena with financing, strategic alliances, merger and acquisition, and various turnaround services.
http://www.aatk.com/news.asp?id=75
Keystone Heights, FL - 3/30/2004 - American Access Technologies, Inc. (NASDAQ: AATK) today announced that the Telecommunications Industry Association (“TIA”) has issued a standard for Commercial Building Telecommunications Cabling regarding Telecommunications Cabling for Telecommunications Enclosures, which will become ANSI/TIA/EIA-568-B.1 Addendum 5. The new TIA Standard specifies when and where active zone enclosures, called Telecommunications Enclosures or TE's, can be used in a structured cabling system
http://www.aatk.com/news.asp?id=72
Keystone Heights, FL - 12/10/2003 - American Access Technologies, Inc. (NASDAQ: AATK) today announced that it has expanded manufacturing capabilities with an investment of approximately $100,000 to purchase computer-controlled capital production equipment. Joe McGuire, Chief Financial Officer of American Access, said, “We are proud to announce an expansion of our Omega Division through purchase of an automated Arc Welding and Handling Robot, which represents the latest in welding power source technological innovations. The new equipment will increase productivity and lower production costs and help us meet the expectations of our customers for quality products at a competitive price.”
AATK announces Record Breaking Quarterly Sales
Keystone Heights, FL - 7/8/2004 - American Access Technologies Reports
Record-Breaking Second Quarter Preliminary Sales
Total Sales Increase 49% and Zone Division Sales Increase 66% over Second Quarter 2003
American Access Technologies, Inc. (NASDAQ: AATK) today announced that the preliminary unaudited sales for the three months ended June 30, 2004 were a record-breaking all time corporate high of approximately $1,773,000, an increase of 49.2% over the sales of the three months ended June 30, 2003 of $1,188,347. Sales in the second quarter exceeded sales in the first quarter of 2004 by 38.8%.
For the six months ended June 30, 2004 preliminary sales of $3,050,000 exceeded sales for the six months ended June 30, 2003, $2,689,745 by 13.4%.
“While satisfied with our sales performance in the second quarter of 2004, which now puts us well on our way to a second consecutive record breaking sales year, management feels there is the potential for our sales to reach an even greater level as the benefits of zone cabling continue to be introduced to a wider audience through our strategic alliance with Chatsworth Products, Inc. and the efforts of our OEM customers. In the second quarter our zone and wireless division sales increased 66% over the same quarter a year ago and our total sales annual run rate is now over $7 million based on this quarters’ sales,” said Joe McGuire, Chief Financial Officer.
“Many indicators lead us to anticipate that a great second half of 2004 is ahead of us, including the continuance of a reinvigorated marketing campaign by our sales partners and the training and education of end users, in conjunction with the commencement of the industry standards approval for our zone cabling and wireless products.
“We are confident that for the remainder of 2004, we are well positioned to realize our corporate mission to increase our revenues, control our expenses, continue our march to profitability, increase shareholders’ value and to achieve our second consecutive best year in our history,” added McGuire.
For further detailed information on sales and expenses for the second quarter 2004, please read the Company’s unaudited Quarterly Report (10-QSB) which will be filed with the Securities and Exchange Commission in approximately 20 to 30 days. The preliminary second quarter sales results are subject to revision.
AATK products highlighted in leading trade journal Cabling Installation & Maintenance.
Active zone cabling products address space and cost concerns
Going beyond the passive zone, a new family of telecom enclosures gives designers more flexibility and efficiency.
A new family of telecommunications enclosures (TEs) incorporates active electronics with the advantages of zone cabling. Passive zone cabling offers design convenience and cost-effective moves, adds, and changes (MACs). Active zone cabling delivers a topology newly recognized by the Telecommunications Industry Association (TIA—Arlington, VA; www.tiaonline.org) that provides further flexibility and efficiency for network designers confronting such challenges as limited telecommunications room space and increasing costs.
What's the difference?
Passive zone cabling extends permanent horizontal cabling to a logical termination point. When MAC work is required, often the only cable that needs to be replaced is the last piece of run from the zone cabling enclosure to the work area outlet or device. This section of cable is a solid conductor, plug-to-plug or plug-to-jack assembly that is typically 6 to 9 meters long, instead of an entire horizontal run of up to 90 meters.
Link for the article in its entirety:
http://cim.pennnet.com/Articles/Article_Display.cfm?Section=Articles&Subsection=Display&ARTI....
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