NEW YORK, Sept. 29 - Advanced Communications Technologies, Inc. (OTC Bulletin Board: ADVC), a New York-based holding company that specializes in the technology after-market service and supply chain known as reverse logistics, announced today that it has engaged Broadmark Capital, LLC, an investment banking firm with offices in New York and Seattle, as its exclusive financial advisor and placement agent.
Broadmark will introduce institutional investors to the company to raise capital and will provide strategic business advice on merger and acquisition transactions.
Wayne Danson, president and CEO of Advanced Communications, said, "Based on Broadmark Capital's substantial investment banking experience and understanding of our corporate needs and goals, we are delighted to have Broadmark assist us evaluate opportunities and strategic alternatives designed to grow our business and maximize shareholder value. Broadmark brings the financial resources and access to leading institutional investors that we need to become a leader in the integrated technology and services industry."
About Broadmark Capital, LLC
Broadmark Capital is a national investment bank with offices in New York and Seattle. It provides corporate finance services to emerging growth and middle-market companies, including capital raising, refinancing expertise, merger and acquisition advisory services, corporate finance advisory services and valuation analysis. Broadmark employs a disciplined approach in all its corporate finance activities that provides significant benefits to its clients by reducing the time, effort and uncertainty associated with a transaction. For more information, visit http://www.broadmark.com.
About Advanced Communications Technologies, Inc.
Advanced Communications Technologies is a New York-based public holding company specializing in the technology after market service and supply chain, known as reverse logistics. Its wholly owned subsidiary and principal operating unit, Encompass Group Affiliates, Inc. acquires and operates businesses that provide computer and electronics repair and end-of-lifecycle services. Encompass owns Cyber-Test, Inc., an electronic equipment repair company based in Florida that provides board-level repair of technical products to third-party warranty companies, OEMs, national retailers and national office equipment dealers. Service options include advance exchange, depot repair, call center support, parts and warranty management for office equipment, fax machines, printers, scanners, laptop computers, monitors and multi-function units, including high-end consumer electronics such as PDAs and digital cameras. For more information, visit http://www.advancedcomtech.net.
A profile for investors on Advanced Communications may be found at http://www.hawkassociates.com/advancedcommunications/profile.htm.
An online investor relations kit containing Advanced Communications' press releases, SEC filings, current Level II price quotes, interactive Java stock charts and other useful information for investors can be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.
This release and oral statements made from time to time by the company's representatives concerning the same subject matter may contain "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by introductory words such as "expects," "plans," "intends," "should," "believes," "will," "estimates," "forecasts," "projects" or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by the company with the Securities and Exchange Commission, which should be considered together with any forward-looking statement. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements.
Contact Information
Hawk Associates, Inc.
Frank N. Hawkins, Jr. or
Julie Marshall
Phone: (305) 451-1888
E-mail: info@hawkassociates.com
