*** ADVC NEWS ***
Hello again ADVC Investors,
Today's PR reaffirms the statements made by Roger May, CEO of ADVC, during the last conference call. Mr. May had said; "But the first thing with SpectruCell is to demonstrate its workability. And we can do that, we believe, both in Australia, here and in South America. We very well may do it in Australia. We were very lucky to pick up the Victoria Communications Company that has the tower sites, as it fits perfect for us, to do, to deploy a test network in our own backyard. The tower sites we have, the transmission sites are very attractive to all the carriers. Isn't that right Jason? I mean, we've had inquiries from lots of carriers in Australia, including some of the America international carriers."
Now that this deal is made, ADVC investors can see the continued progress and that the building of strong foundations is truly an ongoing process. Good luck in your investing, we will keep you abreast of further announcements.
The complete press release reprinted below:
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Advanced Communications Technologies, Inc. - Acquisition of Australian Wireless Communications Network
NEW YORK, Jun 29, 2000 (BUSINESS WIRE) -- The Chief Executive Officer of Advanced Communications Technologies, Inc. (OTC BB - "ADVC") Roger May announced today that the company's Australian associate, Advanced Communications Technologies (ACT AUS), had purchased ninety percent (90%) of the equity in Victoria Communications (VIC COM), owners of an existing wireless communications network in South Eastern Australia, that is concentrated around the city of Melbourne, Victoria. The existing owners of Victoria Communications will retain a 10% interest.
Roger May said he was very excited by the acquisition of VIC COM as it not only gave ACT an important source of revenue from the existing customer base, but also provided the opportunity for the company to establish itself as a key wireless telecommunications service provider in Australia.
"Victoria Communications is a mature business, having been in operation in Victoria for more than 20 years, and brings ownership or leases of seven communications towers strategically placed around the city of Melbourne, in key transmitting locations" he said. "These towers represent a current core business providing VHF and UHF trunking services for a wide range of customers, especially in the courier, trucking and cab businesses."
"It also gives ACT the opportunity to install further microwave links between the towers and to negotiate wholesale arrangements with major telecommunication carriers to provide least call routing for last mile voice and data termination services. We have already been granted license spectrum by the Australian Communication Authority (ACA) which can handle a throughput of up to 155 megabits per second and which will allow us to achieve high speed wireless point to point communication between the existing towers."
Another important component in the acquisition is the excellent relationships that Victoria Communications has established over the years with regional tower owners in the high-density rural areas, which will allow for further complementary acquisitions, and the expansion of the network into other important wireless markets.
"This will be a vital first step in allowing ACT to expand the network interstate and thus ultimately becoming a nationwide service provider. Victoria Communications experience in the industry, together with their strategic industry alliances established over the last 20 years will assist in the development of that national goal," said Roger May. " Our plan is to substantially expand the customer base while expanding the business through the development of new applications and the provision of high quality service, while continually seeking ways to upgrade these services, especially via the acquisition of other complementary networks.
"One important development that will be on offer to VIC COM customers will be the imminent launch of ACT's revolutionary new wireless communications network technology, SpectruCell.
Advanced Communications Technologies is in the completion stages of the development of a "state of the art" multiple protocol operating system ("SpectruCell") for mobile wireless network products, that is well placed to become the primary communications network operating system for all wireless communications technologies in the 21st Century.
A SpectruCell network differentiates itself from existing communications networks by being able to process and transmit all communications protocols (CDMA, GSM, 3G, etc.), as well as the new wireless internet applications, all within the same network."
As part of the SpectruCell network system ACT has also developed a spectrally efficient microwave system (SEM) that can achieve up to 155 megabits per second with a spectral efficiency of 8.5 bits per second per hertz, thus making it compatible with the wireless spectrum granted by the ACA.
"We are delighted to report that not only have we have already identified four well known communications companies as customers for VIC COM network development in Victoria, and we are also in negotiations with a number of router supply companies," Roger May added. "We now believe that we have a base that will enable us to become one of the major wireless voice and data carriers in Australia."
Advanced Communications Technologies, Inc. (OTC BB "ADVC") owns twenty percent (20%) of ACT AUS, and a proportionate equity in all of the ACT AUS subsidiary companies.
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
CONTACT: Roger May, CEO
Tel. 949.622.5566, or 516.816.5777
Fax. 949.477.8022 *
e-mail - actusa2000@aol.com
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The Staff of DDInvestor.com
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