NEW YORK, June 17, 2004 (PRIMEZONE) -- Advanced Communications Technologies, Inc. (OTCBB:ADVC) (the "Company") is pleased to announce that it has retained Equitilink, LLC of La Jolla, California, as its investor relations firm.
"Our rapid corporate development brings us to a point where it is appropriate to retain a sophisticated investor relations firm," said Wayne Danson, the Company's President and Chief Financial Officer. Danson continued, "We are confident in Equitilink's well-established relationships with the investment community and their ability to help properly communicate our company's growth potential."
James Mahoney, Managing Partner of Equitilink commented by saying, "We believe that Advanced Communications has the business plan and the management skills to succeed at becoming a vertically- integrated service and technology business that also makes discreet investments in growth companies in multiple industries. Since the Company's key acquisition of Cyber-Test, we anticipate great interest in Advanced Communications and are prepared to help communicate their vision to potential and existing investors."
About Advanced Communications Technologies, Inc.
Advanced Communications Technologies, Inc. (the "Company") is a holding company that, through its wholly owned subsidiary Encompass Group Affiliates, Inc., owns Cyber-Test, Inc., an established electronic equipment repair company based in Longwood, Florida. The Company also owns a minority interest in Yorkville Advisors Management, LLC, an investment management partnership, through its wholly owned subsidiary Hudson Street Investments, Inc.
About Equitilink, LLC
Equitilink, LLC ("Equitilink") assists public companies in improving their shareholder relations through professional, cost-effective investor relations strategies and specializes in working with small cap and micro cap companies. Equitilink helps its clients achieve fair market value by expanding public awareness and enhancing corporate image. Additional information is available on the web at www.equitilinkpr.com.
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 outlined in the Company's Registration Statement as filed with the Securities and Exchange Commission on July 16, 2003. Statements made herein are not a guarantee of future corporate or stock performance.