EX-99.1
2
file002.htm
PRESS RELEASE
["ACCESSIT" INTEGRATED TECHNOLOGIES, INC. LOGO]
FOR IMMEDIATE RELEASE
ACCESS INTEGRATED TECHNOLOGIES COMPLETES ACQUISITION OF FIBERSAT GLOBAL
SERVICES, LLC.
MORRISTOWN, N.J. - NOVEMBER 19, 2004 - ACCESS INTEGRATED TECHNOLOGIES, INC.
("ACCESSIT") (AMEX: AIX) today announced that it has completed the acquisition
of the assets and business of privately held FiberSat Global Services, LLC
("FiberSat"). The purchase price included approximately $376,000 in cash,
540,000 shares of ACCESSIT's Class A restricted common stock and the assumption
of certain specified liabilities.
In completing this acquisition, ACCESSIT gains extensive satellite distribution
and networking capabilities provided by FiberSat's fully operational data
storage and uplink facility located in Los Angeles, California. FiberSat's has,
and will continue to, provide broadband video, data and Internet transmission
and encryption services for multiple customers in the broadcast and cable
television and communications industries. FiberSat's Los Angeles facility also
houses the infrastructure operations of ACCESSIT's digital cinema satellite
delivery service.
FiberSat Global Services' solutions range from implementing satellite network
start-ups or technology transitions, to originating video networks. It provides
complete booking and scheduling solutions for transmission services, and
operates an outsourced Networks Operations Center. FiberSat employs a unique mix
of broadband infrastructure, skilled personnel, systems integration facilities
and information technology, all powered by the software platform called the
Vortex Solutions Engine(SM). FiberSat's personnel will join ACCESSIT, including
President and Chief Operating Officer, Ravi Patel and Director of Operations and
Engineering, B. Scott Cassell. For more information on FiberSat Global Services
LLC, visit www.fibersatglobalservices.com.
"ACCESSIT and FiberSat have enjoyed an excellent working relationship over the
past several months. We expect that the union of our two organizations will not
only provide new growth opportunities for ACCESSIT, but will further strengthen
its position it as the leading digital cinema delivery company", said Patel.
"FiberSat has assembled a group of assets and personnel that ideally complement
ACCESSIT's growth as the leader in digital cinema delivery", said Bud Mayo,
Chief Executive Officer of ACCESSIT. "Importantly, this acquisition stands to
further build our Media Services division while adding to our revenue and
financial performance", he added.
ACCESS INTEGRATED TECHNOLOGIES, INC. (ACCESSIT) is an early mover in offering a
fully managed storage and delivery service for owners and distributors of
digital content to movie theaters and other venues. Supported by its robust
platform of fail-safe Internet data centers, ACCESSIT is able to leverage the
market-leading role of its Hollywood Software subsidiary with the innovative
digital delivery capabilities of its Digital Media unit to provide the highest
level of technology available to service the emerging digital cinema industry.
--------------------------------------------------------------------------------
(973) 290-0080 55 MADISON AVENUE, MORRISTOWN, NJ 07960
SAFE HARBOR STATEMENT
Investors and readers are cautioned that certain statements contained in this
document, as well as some statements in periodic press releases and some oral
statements of ACCESSIT officials during presentations about ACCESSIT, along with
ACCESSIT's filings with the Securities and Exchange Commission, including
ACCESSIT's registration statements, quarterly reports on Form 10-QSB and annual
report on Form 10-KSB, are "forward-looking" statements within the meaning of
the Private Securities Litigation Reform Act of 1995 (the "Act").
Forward-looking statements include statements that are predictive in nature,
which depend upon or refer to future events or conditions, which include words
such as "expects", "anticipates", "intends", "plans", "could", "might",
"believes", "seeks", "estimates" or similar expressions. In addition, any
statements concerning future financial performance (including future revenues,
earnings or growth rates), ongoing business strategies or prospects, and
possible future actions, which may be provided by ACCESSIT's management, are
also forward-looking statements as defined by the Act. Forward-looking
statements are based on current expectations and projections about future events
and are subject to various risks, uncertainties and assumptions about ACCESSIT,
its technology, economic and market factors and the industries in which ACCESSIT
does business, among other things. These statements are not guarantees of future
performance and ACCESSIT undertakes no specific obligation or intention to
update these statements after the date of this release.
# # #
Contact:
Suzanne Tregenza Michael Glickman
ACCESSIT The Dilenschneider Group
55 Madison Avenue 212.922.0900
Suite 300
Morristown, NJ 07960
973.290.0080
www.accessitx.com

EX - 99 . 1 2 file002 . htm PRESS RELEASE [ " ACCESSIT " INTEGRATED TECHNOLOGIES , INC . LOGO ] FOR IMMEDIATE RELEASE ACCESS INTEGRATED TECHNOLOGIES COMPLETES ACQUISITION OF FIBERSAT GLOBAL SERVICES , LLC . MORRISTOWN , N . J . - NOVEMBER 19 , 2004 - ACCESS INTEGRATED TECHNOLOGIES , INC . ( " ACCESSIT " ) ( AMEX : AIX ) today announced that it has completed the acquisition of the assets and business of privately held FiberSat Global Services , LLC ( " FiberSat " ) . The purchase price included approximately $ 376,000 in cash , 540,000 shares of ACCESSIT 's Class A restricted common stock and the assumption of certain specified liabilities . In completing this acquisition , ACCESSIT gains extensive satellite distribution and networking capabilities provided by FiberSat 's fully operational data storage and uplink facility located in Los Angeles , California . FiberSat 's has , and will continue to , provide broadband video , data and Internet transmission and encryption services for multiple customers in the broadcast and cable television and communications industries . FiberSat 's Los Angeles facility also houses the infrastructure operations of ACCESSIT 's digital cinema satellite delivery service . FiberSat Global Services ' solutions range from implementing satellite network start - ups or technology transitions , to originating video networks . It provides complete booking and scheduling solutions for transmission services , and operates an outsourced Networks Operations Center . FiberSat employs a unique mix of broadband infrastructure , skilled personnel , systems integration facilities and information technology , all powered by the software platform called the Vortex Solutions Engine ( SM ) . FiberSat 's personnel will join ACCESSIT , including President and Chief Operating Officer , Ravi Patel and Director of Operations and Engineering , B . Scott Cassell . For more information on FiberSat Global Services LLC , visit www.fibersatglobalservices.com . " ACCESSIT and FiberSat have enjoyed an excellent working relationship over the past several months . We expect that the union of our two organizations will not only provide new growth opportunities for ACCESSIT , but will further strengthen its position it as the leading digital cinema delivery company " , said Patel . " FiberSat has assembled a group of assets and personnel that ideally complement ACCESSIT 's growth as the leader in digital cinema delivery " , said Bud Mayo , Chief Executive Officer of ACCESSIT . " Importantly , this acquisition stands to further build our Media Services division while adding to our revenue and financial performance " , he added . ACCESS INTEGRATED TECHNOLOGIES , INC . ( ACCESSIT ) is an early mover in offering a fully managed storage and delivery service for owners and distributors of digital content to movie theaters and other venues . Supported by its robust platform of fail - safe Internet data centers , ACCESSIT is able to leverage the market - leading role of its Hollywood Software subsidiary with the innovative digital delivery capabilities of its Digital Media unit to provide the highest level of technology available to service the emerging digital cinema industry . -------------------------------------------------------------------------------- ( 973 ) 290 - 0080 55 MADISON AVENUE , MORRISTOWN , NJ 07960 SAFE HARBOR STATEMENT Investors and readers are cautioned that certain statements contained in this document , as well as some statements in periodic press releases and some oral statements of ACCESSIT officials during presentations about ACCESSIT , along with ACCESSIT 's filings with the Securities and Exchange Commission , including ACCESSIT 's registration statements , quarterly reports on Form 10 - QSB and annual report on Form 10 - KSB , are " forward - looking " statements within the meaning of the Private Securities Litigation Reform Act of 1995 ( the " Act " ) . Forward - looking statements include statements that are predictive in nature , which depend upon or refer to future events or conditions , which include words such as " expects " , " anticipates " , " intends " , " plans " , " could " , " might " , " believes " , " seeks " , " estimates " or similar expressions . In addition , any statements concerning future financial performance ( including future revenues , earnings or growth rates ) , ongoing business strategies or prospects , and possible future actions , which may be provided by ACCESSIT 's management , are also forward - looking statements as defined by the Act . Forward - looking statements are based on current expectations and projections about future events and are subject to various risks , uncertainties and assumptions about ACCESSIT , its technology , economic and market factors and the industries in which ACCESSIT does business , among other things . These statements are not guarantees of future performance and ACCESSIT undertakes no specific obligation or intention to update these statements after the date of this release . # # # Contact : Suzanne Tregenza Michael Glickman ACCESSIT The Dilenschneider Group 55 Madison Avenue 212 . 922 . 0900 Suite 300 Morristown , NJ 07960 973 . 290 . 0080 www.accessitx.com