Applies to -- ADVC
Advanced Communications Technologies Announces Filing of Application for AMEX Listing
Advanced Communications Technologies Announces Filing of Application for
AMEX Listing
IRVINE, Calif., Dec 18, 2000 (BUSINESS WIRE) -- Advanced Communications
Technologies Inc. (OTCBB: ADVC), today announced that it had submitted an
application to list the company on the American Stock Exchange (AMEX).
The application is subject to AMEX approval with notification expected within
60-90 days.
Commenting on the application, Roger May, Chief Executive Officer said,
"Achieving a listing of our stock on the AMEX exchange will provide the company
with far greater visibility within the investment community. We would also have
the added advantage of gaining a specialist on the floor of the exchange which
would provide a much fairer and more stable market for the company's stock".
The filing of the AMEX application marks the latest in a series of strategic
moves for the company which includes the filing of a second patent for its
Spectrucell multiple protocol mobile wireless base station technology.
About AMEX
As the nation's second largest floor-based exchange, the American Stock Exchange
has a significant presence in common stocks, index shares and equity derivative
securities. On the Amex, trading is conducted through an advanced centralized
Specialist system combining the speed of computer delivered orders with the
liquidity of customer driven markets. Today, Amex is on the leading edge of
exchanges worldwide in developing successful new investment products and
innovative services for companies and investors. Amex members represent a
comprehensive cross-section of the nation's leading brokerage houses, including
661 regular members who transact business in equities and options, and 203
options principal members who execute transactions in options only.
About ADVANCED COMMUNICATIONS TECHNOLOGIES INC.
Advanced Communications Technologies Inc. (OTCBB: ADVC) is a leader in the field
of Software Defined Radio that in conjunction with its Australian based
affiliate has developed a proprietary, multiple-protocol wireless base station,
"SpectruCell".
Through eliminating protocol specific hardware and conducting all signal
processing in software, SpectruCell allows for simultaneous support of multiple
mobile communications protocols. Support for additional protocols is achieved
through the uploading of software modules.
By implementing the company's SpectruCell technology network providers will be
able to service their existing customer base and preserve existing network
infrastructure while at the same time securing a highly flexible migration path
for evolving 3G-based protocols such as WCDMA and UMTS. SpectruCell is
complemented by several other wireless technologies currently under development.
Advanced Communications Technologies plans to market these products throughout
North, South and Central America. For more information regarding Advanced
Communications Technologies, visit www.act-usa.net.
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: Advanced Communications Technologies Inc.
Roger May, 949/622-5566; 011-61-3-9672-8888
or
Pondel/Wilkinson Group
Gary Maier/Michael Youn, 310/207-9300
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KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS
HARDWARE
SOFTWARE
TELECOMMUNICATIONS
STOCK SYMBOLS: [(advc)] |
