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i KNOW THERE IS A TREAD BUT I COULD NOT HELP MYSELF-BOUGHT IN WEDNESDAY FOR THE GAP THEN NEWS LIKE THIS BOOOOOOOOOOM PAST PENNY LAND!!!!
Advanced Communications Reports Continued Strong Revenue Results For February; Reflects A 71% Growth in EBITDA Compared With The Same Period Last Year 3/9/2006
NEW YORK, Mar 09, 2006 (BUSINESS WIRE) -- Advanced Communications Technologies, Inc. (OTC Bulletin Board: ADVC), a New York-based holding company that specializes in the technology aftermarket service and supply chain known as reverse logistics, announced today that it's electronic equipment repair subsidiary Cyber-Test, Inc. generated $820,000 in revenue for the month of February 2006 with EBITDA of $77,000 or 9.4% of revenue, compared with $650,000 in revenue and $36,000 of EBITDA or 5.5% of revenue for the same month last year, representing a 26.2% revenue increase and a 71% growth in EBITDA.
Wayne Danson, president and CEO of Advanced Communications said, "Cyber-Test continues to perform exceptionally well and attract new business because of its program of service excellence in delivering timely and cost-effective services to its customers." Danson added, "Our business strategy remains in full force as we are in the process of seeking target companies that complement our expansion plan of providing an integrated life-cycle service for the consumer electronics industry."
Danson closed with, "Our $10 million revenue projection for fiscal 2006 remains on target and we look forward to sharing our acquisition progress with shareholders as soon as we are allowed under SEC regulations."
Cyber-Test's ability to meet the consumer's demand and its reputation for providing preeminent electronic repair and asset recovery services is flourishing, as its customer base continues to grow. For more information on Cyber-Test's services, visit their website at http://www.equipfix.com.
About Advanced Communications Technologies
Advanced Communications Technologies is a New York-based public holding company specializing in the technology aftermarket 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-lifecycle services and provides asset distribution and recovery 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, CPU towers, and multi-function units including high-end consumer electronics such as PDAs and digital cameras. For more information, visit http://www.advancedcomtech.net, or Cyber-Test's website at http://www.equipfix.com.
his 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.
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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Yeah I have another thread about this one. Its been running for several days now and this will put it over the top.
Posts: 176 | From: Anderson, SC | Registered: Apr 2005
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Telnet, I think I'm the only one who has been posting on your thread...Crazy that it only has about 37 posts...Maybe this will wake the board up
-------------------- Scared money doesn't make money Posts: 76 | From: PA USA | Registered: Mar 2006
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Do you think there will be a gap to down around .007 this am to try and get in?
Posts: 94 | From: Wisconsin, USA | Registered: Feb 2006
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It happenes every day when stock is hot...Two days ago, it closed at .0045 or so...It gapped up in the open then retraced to the .0052 range...Hovered there all day and shot through the sky towards the end...Just relax everyone
-------------------- Scared money doesn't make money Posts: 76 | From: PA USA | Registered: Mar 2006
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I would be fantastic if it would go to about .03 :)
-------------------- "Sometimes the best solution to morale problems is just to fire all of the unhappy people." Posts: 13 | From: Alabama | Registered: Oct 2003
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i KNOW THERE IS A TREAD BUT I COULD NOT HELP MYSELF-BOUGHT IN WEDNESDAY FOR THE GAP THEN NEWS LIKE THIS BOOOOOOOOOOM PAST PENNY LAND!!!!
