NEW YORK, April 2, 2003 (PRIMEZONE) -- Advanced Communications Technologies, Inc. (OTCBB:ADVC) ("ACT" or the "Company") announced today that its previously scheduled special meeting of the shareholders (the "Special Meeting") in New York on Friday, April 11, 2003 has been postponed, pending SEC approval of its recently filed and amended June 30, 2002 Form 10-K.
As information becomes available to the Company from the SEC, the Company will promptly announce and reschedule the Special Meeting at the earliest possible date.
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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