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Technology Stocks : Applied Cellular Technology (ACTC) -- Ignore unavailable to you. Want to Upgrade?

To: Chris J who wrote (1026)	3/11/1999 9:10:00 AM
From: lindalib	Read Replies (1) \| Respond to of 1062

Good News! Applied Cellular Technology Awarded $6 Million Contract PALM BEACH, Fla., March 11 /PRNewswire/ -- Applied Cellular Technology, Inc. (Nasdaq: ACTC) today announced that its Communications Infrastructure Division has been awarded a contract valued at approximately $6.1 million by the State of Utah. Under the terms of this contract, Applied Cellular will provide infrastructure construction and improvements for the 10 buildings that will be used to house the Olympic athletes at the University of Utah. The scope of services includes the construction of all the voice and data cabling, power, lighting, security and fire alarm systems as well as the upgrading of the buildings' existing cabling, switches and transformers. This contract will be completed in the second quarter of 2000. Applied Cellular's Chairman and CEO Richard J. Sullivan commented, "This is a prestigious and important contract for our Company and we are excited to participate in the preparations for the 2002 Winter Olympics. We believe one reason we were awarded this contract was our ability to meet the Committee's tight deadline, which many of our competitors were unable to promise. Our flexibility and responsiveness to customers' needs are two important competitive advantages we offer and will enable us to attract new business." Applied Cellular Technology is a full service communications company that provides integrated products and services to a wide variety of businesses. The Company is comprised of five business divisions which work together to meet the growing communication needs of its clients. For more information visit the Company's web site at www.appliedcell.com . Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. The Company intends that such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. SOURCE Applied Cellular Technology, Inc.