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To: mikekell who wrote (30)	12/30/1998 4:09:00 PM
From: Mel Spivak	Respond to of 47

Here's another that took off on this news. ACTI is coming off a low in a B I G way on this announcement: Wednesday December 30, 3:00 pm Eastern Time Company Press Release SOURCE: Applied Computer Technology, Inc. Applied Computer Technology, Inc. Announces a Shift in Business Focus to Internet Services and Electronic Commerce FORT COLLINS, Colo., Dec. 30 /PRNewswire/ -- Applied Computer Technology, Inc. (OTC Bulletin Board: ACTI - news), a systems integrator and manufacturer of complete, customized computer systems, has announced its intent to redefine its business model to focus on WEBAccess, the Company's Internet subsidiary. According to Bud Prentice, President and CEO of Applied Computer Technology, Inc., ''Management has been evaluating the Company's ongoing strategy in light of the PC industry's migration towards a commodity industry. Options which were considered included partnering with manufacturers to enter the sub $1,000 arena, redirecting the Company's product line to produce only high end servers and workstations, or exiting from the hardware business to pursue the Company's professional service opportunities. Prentice continued, ''ACT is very excited to announce its decision to aggressively pursue the growth of WEBAccess, the Company's wholly owned Internet subsidiary. WEBAccess was founded approximately 3 years ago as part of the Company's expansion into technical services. Prentice further commented, ''We see Professional Services as the next logical progression for ACT. These services will begin with WEBAccess and its related networking services. Over the course of the next 2 years, the Company's strategy will be to increase its subscriber base through the acquisition of regional Internet Service Providers (ISPs) and the active pursuit of Corporate and Individual accounts in Denver, Boulder, Ft. Collins, and Colorado Springs. The Company's resources are presently being re-deployed to this end. Prentice continued, ''Additionally, ACT will also be pursuing opportunities in the areas of Web Hosting and Electronic Commerce. In particular, we see Electronic Commerce as having a large upside potential as more and more businesses embrace the Internet as a viable marketplace. Strategies being considered include the implementation of regional electronic malls and online communities for WEBAccess members. In closing, Prentice stated, ''We expect that with renewed focus and a strong marketing campaign, we will be successful in rapidly growing WEBAccess in the coming years. We are optimistic that ACTI will be successful in leveraging its technical capabilities and large regional customer base, to pursue the business opportunities afforded by the evolving Internet market.'' Applied Computer Technology, Inc. is a Colorado based service provider with emphasis on networking, service, and Internet connectivity. WEBAccess, Inc. is a Colorado based Internet Services Provider providing dial-up and dedicated access in Denver, Ft. Collins, Colorado Springs, and Boulder. Safe Harbor Statement: This press release contains certain forward-looking statements and discussions of potential business strategies. All of these statements represent Management's informed assessment of possible business opportunities for the Company. These opportunities represent future events, which can not be predicted with certainty. All such future events are subject to factors beyond Management's control, including but not limited to market conditions, competition, and access to capital. As such, there can be no assurance that the Company will be successful in these endeavors. SOURCE: Applied Computer Technology, Inc.