AATK American Acces Technologies (MM)

American Access Technologies Releases President's Annual Message To Shareholders KEYSTONE HEIGHTS, Fla., June 16 /PRNewswire-FirstCall/ -- American Access Technologies, Inc. (NASDAQ:AATK) released the following message to stockholders from its President, John E. Presley, which appears in the 2004 Annual Report. To our Stockholders: 2004 was the second consecutive year in which American Access Technologies, Inc. met its goal of achieving record revenues. We attained all-time record revenues of $6.740 million, a solid 22.2% increase over the prior year. This result was primarily due to a 47.6% increase in sales of our zone cabling and wireless products. Our strategic alliance with Chatsworth Products, Inc. ("CPI"), initiated in May 2003, is continuing to result in extraordinary sales growth of these products. We anticipate that our sales results will continue to reflect improving economic trends in our industry groups and benefit from improvements in CPI's sales and marketing activities. Sales to our OEM customers are also an important factor in achieving record results for our zone cabling and wireless products. In August 2004, we announced our latest OEM supply agreement with a leading manufacturer of electrical and electronic wiring devices, which is noted for bringing its customers products that meet and exceed the latest official standards, and challenging the market with innovative new solutions. We expect our many OEM partners to continue to make an impact in 2005. In December 2004 and again in 2005, the Telecommunications Industry Association released more important standards for zone cabling and we look forward to additional standards releases in the future. The publication of new standards gives official recognition to the concept and application of zone cabling. We also anticipate that zone cabling will continue to benefit from the move towards the open office environment and that advances in telecommunications technologies and network economics will increase zone cabling in both existing and new construction. Additionally, the new TIA standards mark important milestones in acceptance of zone cabling for telecommunications wiring. Earlier this year we made some important financial projections for 2005. We announced that we expect our 2005 revenues to result in another record and also that we expect to achieve profitability this year. The increasing percentage of our total sales represented by our zone cabling and wireless products should help us reach this goal, since these products have a higher gross margin and lower cost of sales. Additionally, we instituted price increases on several products in recognition of increasing prices of raw materials and energy. We also invested in new equipment to increase productivity and lower production costs while at the same time maintaining the high-quality standards our customers expect at a competitive price. The Company purchased approximately $294,000 of new equipment during 2004 and in late March 2005, we unveiled our new laser manufacturing equipment, again expanding our manufacturing capabilities and improving productivity. At a cost of nearly $1 million, we feel the laser purchase was an important milestone in the Company's history. We continue the process required to achieve ISO 9000 certification at our Keystone Heights facility. ISO 9000 is an international quality standard that recognizes a company's capability for reliable delivery of high-quality products and services. We expect to undergo our certification audit in 2006 and believe it will further demonstrate to potential customers that American Access is a supplier that they may use with confidence. We are continuing to follow a conservative debt-free fiscal policy. We financed our purchase of laser manufacturing by a private placement stock sale to institutional investors and are proud to have the support of these sophisticated investors. We have made substantial progress towards meeting the new corporate governance requirements of the NASDAQ Stock Market. With the addition of Howard W. Kelley as an independent director in May 2005, our audit committee is now made up entirely of independent directors and we expect to meet the balance of the requirements before the deadline. You may review more of our corporate governance initiatives and learn about our products on our website: http://www.aatk.com/ . We at American Access Technologies, Inc. wish to thank our loyal stockholders, customers and employees who continue to have faith in us and renew our pledge that we will remain diligent on building an enduring and prosperous company. Sincerely, American Access Technologies, Inc. John E. Presley President and Chief Executive Officer June 1, 2005 About American Access Technologies, Inc. American Access manufactures patented zone cabling and wireless enclosures that mount in ceilings, raised floors, and in custom furniture, for routing of telecommunications cabling, fiber optics and wireless solutions to the office desktop which comply with TIA standards. The Company's concept of "zone cabling" reduces the cost of initial network installation and facilitates moves, adds, changes and upgrades for the network installations of today and tomorrow. Its Omega Metals division manufactures its proprietary products, and also provides state-of-the-art metal fabrication and finishing services for public and private companies and for U.S. government contractors. Our SEC filings, news and product/service information are available at http://www.aatk.com/ . Cautionary Note Concerning Forward-Looking Statements: This communication contains forward-looking statements as defined in Section 27A of the Securities Exchange Act of 1934, regarding future revenues and profits. While the Company believes that such forward-looking statements are based on reasonable assumptions, there can be no assurance that such future revenues and profits will be achieved or achieved on the schedule indicated. Furthermore, unanticipated future events, conditions and financial trends may affect the Company's revenues, operating results and financial position. Prospective investors are cautioned that these forward-looking statements are not guarantees of future performance. Actual events or results may differ from the Company's expectations, and are subject to various risks and uncertainties, including those listed in the Company's SEC filings. The Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future events make it clear that any of the projected results expressed or implied herein will not be realized. Company Contact: Joe McGuire, Chief Financial Officer (352) 473-6673/ DATASOURCE: American Access Technologies, Inc. CONTACT: Joe McGuire, Chief Financial Officer, American Access Technologies, +1-352- 473-6673, or Web site: http://www.aatk.com/

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