NEW YORK, Nov. 16, 2005 (PRIMEZONE) -- Advanced Communications Technologies, Inc. (OTCBB:ADVC), a New York-based holding company that specializes in the technology after-market service and supply chain known as reverse logistics, today announced that its electronic and computer repair and exchange subsidiary and principal operating business, Cyber-Test, has expanded its technical bench space to increase work capacity.
"In an effort to meet the service demands of our existing and new clients, we have added more than 1,500 square feet of technical work space that will be used primarily for laptop repair and refurbishment," said Lisa Welton, president of Cyber-Test.
The new work space was converted from existing space at Cyber-Test's Florida location, previously used for administrative operations. The expansion will allow for the addition of six more laptop technicians which is expected to increase output by 400 units per month.
Cushman & Wakefield, the company's corporate real estate advisor, is actively pursuing options for an expanded facility to meet the product repair and service demands of Cyber-Test's customers. Cyber-Test's electronic repair business has grown by over 40 percent since Advanced Communications acquired it in June 2004, as the market for repair and exchange through extended service contracts sold by retail stores, manufacturers and other resellers continues to grow.
About Advanced Communications Technologies, Inc.
Advanced Communications Technologies is a New York-based public holding company specializing in the technology after-market service and supply chain, known as reverse logistics. Its wholly owned subsidiary and principal operating unit, Encompass Group Affiliates, Inc., acquires and operates businesses that provide computer and electronics repair and end-of-life cycle services. Encompass owns Cyber-Test, Inc., an electronic equipment repair company based in Florida that provides board-level repair of technical products to third-party warranty companies, OEMs, national retailers and national office equipment dealers. Service options include advance exchange, depot repair, call center support, parts and warranty management for office equipment, fax machines, printers, scanners, laptop computers, monitors and multi-function units, including high-end consumer electronics such as PDAs and digital cameras.
For more information, visit http://www.advancedcomtech.net.
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An online investor relations kit containing Advanced Communications' press releases, SEC filings, current Level II price quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.
This release and oral statements made from time to time by the company's representatives concerning the same subject matter may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by introductory words such as "expects," "plans," "intends," "should," "believes," "will," "estimates," "forecasts," "projects" or words of similar meaning and by the fact that they do not relate strictly to historical or current facts. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by the company with the Securities and Exchange Commission, which should be considered together with any forward-looking statement. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements.
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