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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: dacoola who wrote (73839)10/9/2001 12:50:53 PM
From: Brasco One  Read Replies (2) | Respond to of 122087
 
geni pos is toast.



To: dacoola who wrote (73839)10/12/2001 12:32:03 PM
From: afrayem onigwecher  Read Replies (1) | Respond to of 122087
 
Insidetruth.com Initiates American Access Technologies Coverage!
2001-10-10 10:00 (New York)

Insidetruth.com Initiates American Access Technologies Coverage!

SAN DIEGO, CA -- (INTERNET WIRE) -- 10/10/01 -- Insidetruth.com
initiates American Access Technologies (NASDAQ: AATK) with a Sell
Reccomendation and awards it a price target of 56 cents(equal to the
closing price on Sept 21 ,2001).

This Company announced a Contract for 7,000 Biological and Chemical
alarms , as if they were the ones who produced these alarms. AATK
does not, they do however do a little welding as a subcontractor, in
the production of these alarms and last year handled a 6,000 unit
contract. This contract was renewed this year for 7,000 units by the
company that actually does make these alarms, AATK charges $26.50
each, according to the figures released to Dow Jones News Wire,It
should be noted that AATK has lost money on every single unit,it
worked on last year. The total value of this contrcat is
approximately $ 185,000.00. AATK has no other connection with
Biological and or Chemical alarms and or detection.

For the most part Acces Tech (AATK) is a pure welding compnay, they
make metal things, for dift applications, however sometimes they
powdercoat these metal fabricated products. In the cases of the
termination cabinets ,which are in reality metal boxs, they do have
the incredible capacity to actually fold these metal cabinets into
shape.

Here is a photo of their operation and the facilities used by its 50
employees,most of them being professional welders and packaging
specialists.

callaatk.com/gifs/Factry2.jpg Access Technologies currently has $
217,000 in cash and equivalents according to their most recent SEC
filing. We value the company at 1/2 of their cash level based on an
SEC reported burn rate of 164,000 every 6 months. Which leaves them
with approximately two quarters of cash left,if that.

The company, has no R & D department ,they dont have any scientists on
staff,and they certainly have no expertise in Chemical and or
Biological Warfare, They are simply a Welding Company. Finally the
Compnay spent a total of "nothing" On reserach and
developement,according to their most recent filed SEC filings.

And Finally on 9-12-2001 (the day after the WTC tragedy) the insiders
,NOT the company filed to sell 1.66 million shares, with all of the
proceeds to go to selling insiders and no cash to the Compnay itself.

www.sec.gov/Archives/edgar/data/1043186/000111650201501103/ameraccess-sb2a.txt
more detailed report will follow.

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and exclusive information to the public and to regulators. The
purpose of Inside truth is to weed out misinformation and help in
maintaining a critical eye on our financial markets embroiled in a
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InsideTruth.com , is wholly owned by Pacific Equity Investigations, an
equity valuation research center. It may and often does have
positions that are consistent with its reports. For more details and
disclosures please visit us at www.insidetruth.com

Contact: Moe Fuelondefia
Phone: 760-635-5900