Advanced Communications Announces Record-Breaking Revenue for January
BUSINESS WIRE
Posted: 2008-02-07 10:25:13
NEW YORK--(BUSINESS WIRE)----Advanced Communications Technologies, Inc. (OTC Bulletin Board: ADVC), an integrated reverse logistics holding company serving the consumer products industry, announced today that each of its two operating subsidiaries -- Vance Baldwin Electronics, acquired in August 2007, and Cyber-Test -- attained record-breaking revenue levels in January 2008. Combined revenue for both companies exceeded $7 million for the month, representing an increase of approximately 20% above January 2007 levels. January is traditionally one of the strongest sales months of the year.
"We are pleased that Cyber-Test has managed to broaden its customer and product base since the beginning of the current fiscal year, which is a key reason that January was such a successful month" said Lisa Welton, president of Cyber-Test, "Business from our longer-term customers also grew substantially."
Wayne Danson, President and Chief Executive Officer of Advanced Communication said, "While the current level of success for both companies is gratifying, we are only beginning to put into place new business opportunities that will become major new sources of revenue and that are only possible with the addition of Vance Baldwin as a sister company."
Robert Coolidge, President of Vance Baldwin stated, "We are continuing our efforts to offer more than just products to the market. Our unique strategy is to offer programs that are tailored to customer needs, and that add value not offered elsewhere. This month's increase in revenue is a solid indicator of the favorable reception to our approach."
About Advanced Communications Technologies Inc.
Advanced Communications is a New York-based company that specializes in the consumer electronic aftermarket service and supply chain, known as reverse logistics. Through its principal operating unit, Encompass Group Affiliates, and in conjunction with its principal stockholder, Advanced Communications acquires businesses that provide computer and electronic repair services, parts distribution and asset management services. Advanced Communications addresses the full scope of this $4 billion market - including the end-user driven product support and repair industry, as well as the manufacturer-driven recovery and e-Waste industry. It provides single-source lifecycle management services for technology products, currently in the North American market, with accelerating growth towards a global presence. The Company's market position is based on its distinctive ability to provide single-point, comprehensive lifecycle service on a competitive basis.
About Vance Baldwin Electronics
Vance Baldwin Electronics is an industry leading Original Equipment Manufacturer Parts Distributor. In continuous operation for more than fifty years and operating from south Florida and Atlanta, Vance Baldwin distributes parts for consumer electronics, computers, printers, appliances and office equipment. Vance Baldwin also provides service aids and industrial products such as cable, tools, test equipment, cleaners and other installation equipment. Its 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
About Cyber-Test
Located in central Florida, Cyber-Test is an established electronic equipment repair facility located in Orlando, Florida, specializing in the repair and exchange of consumer and office electronic equipment, providing board-level and whole-unit repair to third-party warranty companies, OEMs, national retailers and national office equipment dealers. Cyber-Test, in continuous operation since 1986, offers Level II and Level III call center technical support, service contract administration and support and asset recovery programs. The company's expertise is rooted in depot repairs, advance exchange services, reverse engineering logistics, and help desk technical support. For more information, visit Cyber-Test's website at equipfix.com.
Advanced Communications Technologies, Inc.Wayne I. Danson, 646-227-1822Chief Executive OfficerorJohn E. Donahue, 646-227-1600Chief Financial Officer |
