Advanced Communications Announces Record-Breaking Revenue for Subsidiary Cyber-Test
BUSINESS WIRE
Posted: 2007-10-02 09:39:53
NEW YORK--(BUSINESS WIRE)----Advanced Communications Technologies, Inc. (OTCBB:ADVC), a vertically integrated reverse logistics holding company, announced today that its wholly owned consumer electronics depot repair and service subsidiary Cyber-Test, Inc. reported record-breaking revenue for August 2007. With revenue topping out at approximately $1.2 million for the month of August and growing, Cyber-Test is on track for a record-breaking year in fiscal 2008.
"Cyber-Test specializes in the repair and exchange of consumer electronics such as printers, laptop computers, fax machines, flat panel monitors, personal digital assistants (PDAs), iPods(TM), GPS's and other consumer electronics," said Lisa Welton, president of Cyber-Test. "With the average family now owning at least one computer system in their home in addition to PDAs, iPods and flat panel TV's in many rooms, we know this market is going to continue to explode with the onset of faster, more cost effective technologies."
Steven Miller, Chief Operating Officer of Advanced Communication stated, "I expect this to be the first of several record breaking months for Cyber-Test as they diversify into new product verticals. Miller added, "Cyber-Test is expanding its infrastructure into its sister company Vance Baldwin by opening a specialized repair shop within Vance Baldwin's Atlanta facility."
Wayne Danson, President and Chief Executive Officer 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, "With the addition of Vance to our business platform, we are now able to provide new repair services across a broader spectrum of products, which will help drive stronger margins and net profits."
In business since 1986, Cyber-Test is one of the nation's leading repair depots specializing in the repair and exchange of consumer electronics and computer peripheral products. The company continues to expand its product lines, increase its customer base and offer specialized services to original equipment manufacturers, third-party administrators and dealers. Cyber-Test's ever-evolving menu of services and varied product support has led to a continued increase in business.
About Cyber-Test
Located in central Florida, Cyber-Test currently repairs more than 4,000 pieces of equipment a month. Cyber-Test offers Level II and Level III call center technical support, service contract administration and support and asset recovery programs. Cyber-Test has been in continuous operation since 1986. The company's expertise is rooted in depot repairs, advance exchange services, reverse engineering logistics, and help desk technical support. Cyber-Test has built its reputation on exceeding its customers' expectations with above-average turn times, Internet reporting tools, equipment quality and a strong customer service philosophy. For more information, visit Cyber-Test's website at equipfix.com.
About Advanced Communications Technologies Inc.
Advanced Communications is a New York-based company specializing in the technology after-market service and supply chain, known as reverse logistics. Its principal operating unit, Encompass Group Affiliates, acquires businesses that provide computer and electronic repair services, parts distribution and asset management services. Encompass owns Cyber-Test, an electronic equipment repair company that provides repair and reverse logistics services to third-party warranty companies that service OEMs, national retailers and national office equipment dealers and Vance Baldwin, Inc. an Original Equipment Manufacturer Parts Distributor that has been a leader in the industry for over fifty years. Vance Baldwin has operations in southern Florida and suburban Atlanta and distributes parts ranging from consumer electronics, computers, printers and office supplies. In addition, Vance Baldwin provides service aids and industrial products such as cable, tools, test equipment, cleaners and other installation equipment.
Cyber-Test's services include advance exchange, depot repair, call center support, parts and warranty management, repair of fax machines, printers, scanners, laptops, monitors and multi-function units, including PDAs and digital cameras. For more information, visit Cyber-Test's website at www.equipfix.com.
Vance Baldwin's new distribution facility, located near Atlanta, Georgia, allows for 2 day delivery to the vast majority of the United States with UPS Ground Service. It maintains a call center with highly trained parts consultants to receive customer calls and provide assistance with parts selection and ordering. For more information about Vance Baldwin Electronics, visit www.vancebaldwin.com.
Advanced Communications Technologies, Inc.Chief Executive OfficerWayne I. Danson, 646-227-1600orChief Financial OfficerJohn E. Donahue, 646-227-1600
© Business Wire 2006
10/02/2007 08:15 ET |
