¶ ADVC, a stock to follow: Advanced Communications Technologies -- New Company Operational Updates via CEO Conference Call
LOS ANGELES--(BUSINESS WIRE)--May 24, 2001--Advanced
Communications Technologies Inc (OTCBB:ADVC) (ACT-US) today announced
that the company will hold a conference call with its Chairman & Chief
Executive Officer Roger May on Wednesday May 30, 2001 at 7 p.m.
Eastern Standard Time.
May will be updating investors on recent progress with company
projects and new initiatives and with current negotiations on existing
projects including:
-- The company's publicly stated initiative to obtain NASDAQ
national market status and the progress of its discussions
with several complementary target companies.
-- An update on the establishment of a U.S.-based technical
facility for the implementation of SpectruCell into the U.S.
marketplace.
-- An update on the state of final negotiations with Dr. Gil
Amelio.
-- Results of the independent evaluation of the company's
Australian operations, received on May 24, 2001 and
commissioned for the purposes obtaining institutional
investment funds for SpectruCell.
-- Negotiations with a number new potential strategic industry
development and marketing partnerships with major
telecommunications operators within the United States, Europe
and the United Kingdom.
-- Update on negotiations in Australia to contract significant
additional R&D staff from a major U.S.-based military
contractor to expedite final SpectruCell development.
-- Update on the establishment of U.K. operations and new
strategic relationships in the United Kingdom.
-- Further detail on the company's recent wireless Center of
Excellence initiative with NEC
-- Developments in the marketing of the company's software
defined radio development suite for third party developers
and;
-- Progress in the testing and development of the company's
SpectruCell software defined multiple protocol mobile wireless
base station
Full details of the call including access numbers will be posted
on the company's Web site and major message forums on Monday May 28,
2001.
About Advanced Communications Technologies
Advanced Communications Technologies Inc. is a leader in the field
of Software Defined Radio (SDR) that in conjunction with its
Australian based affiliate has developed a proprietary,
multiple-protocol wireless base station -- SpectruCell.
Through eliminating the use of Qualcomm (Nasdaq:QCOM) chipsets, or
any other protocol specific hardware, and by conducting all signal
processing in software, SpectruCell provides for simultaneous support
of multiple mobile communications protocols (CDMA, WCDMA, UMTS, GSM &
3G) all in the same base station. Support for additional protocols is
achieved through the uploading of additional software modules.
By implementing the company's SpectruCell technology, network
providers will be able to maintain service to their existing customer
base and preserve the full utilization of their existing network
infrastructure while at the same time securing a highly flexible
migration path for evolving 3G-based protocols such as WCDMA and UMTS.
SpectruCell is complemented by several other wireless technologies
currently under development in Australia. Advanced Communication
Technologies Inc. plans to market these products throughout North,
South and Central America. For more information regarding Advanced
Communications Technologies, visit www.act-usa.net.
The foregoing contains forward-looking information within the
meaning of The Private Securities Litigation Act of 1995. Such
forward-looking statements involve certain risks and uncertainties.
The actual results may differ materially from such forward-looking
statements. The company does not undertake 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) will not be realized.
--30--KT/np*
CONTACT: Advanced Communications Technologies Inc.
Roger May, 61 3 8080 8888 or 61 411 189 931
roger.may@act-aus.net
or
Advanced Communications Technologies
Jason Webster, 61 2 9327-2579 or 61 403 199 811
e-mail: jason.webster@adcomtech.net
