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.
