NEW YORK, March 14, 2003 (PRIMEZONE) -- Advanced Communications Technologies, Inc. (OTCBB:ADVC) ("ACT" or the "Company") today announced that on Friday, April 11, 2003, the Company will hold a special meeting of the shareholders (the "Special Meeting") at the office of Kirkpatrick & Lockhart, LLP, 599 Lexington Avenue, New York, NY 10022, commencing at 10:00 in the morning eastern time, to approve an amendment to the Company's Articles of Incorporation. A proxy statement was filed with the Securities and Exchange Commission yesterday.
"This special meeting is an important step in management's plan to re-establish our position in the marketplace. We have been working diligently to that end and are dedicated to accomplishing our set goals through the implementation of our business plan," said Wayne I. Danson, president of ACT.
All shareholders are encouraged to attend this Special Meeting.
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 (GSM, CDMA, UMTS, W-CDMA, etc).
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. These and other applicable risks are summarized under the caption "Risk Factors" in the Company's amended Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on January 17, 2003. Statements made herein are not a guarantee of future corporate or stock performance.
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