NEW YORK, July 10, 2003 (PRIMEZONE) -- Advanced Communications Technologies, Inc. (OTCBB:ADVC) ("ACT" or the "Company") today announced that its shareholders approved, by majority vote, an amendment to the Company's Articles of Incorporation to increase its authorized common stock to 5,000,000,000 shares, as reported during a special meeting of the shareholders held in New York yesterday.
About Advanced Communications Technologies Inc.
Advanced Communications Technologies Inc. ("ACT") owns the exclusive marketing and distribution rights throughout the North and South American markets to SpectruCell, a software-defined radio (SDR) multiple protocol wireless system that is currently under development, consisting of hardware and software that enables network providers to install a single base station and configure it to any or all protocols.
This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934. Although the Company believes that the expectations reflected in such statements are reasonable, no assurances can be given that they will prove correct. The Company remains exposed to risk factors that include the completion, marketability and availability of the SpectruCell product, the availability of qualified personnel, market competition, meeting time critical requirements and others. Statements made herein are not a guarantee of future corporate or stock performance.
More information on this company can be found on eWorldWire's Online Newsroom at:
HTML: http://newsroom.eworldwire.com/view_release.php?id=none PDF: http://newsroom.eworldwire.com/view_release.php?id=none ONLINE NEWSROOM: http://newsroom.eworldwire.com/1376.htm LOGO: http://newsroom.eworldwire.com/1376.htm