American Access Technologies Distributes Retirement Plan
01 Februar 2006 - 4:30PM
PR Newswire (US)
KEYSTONE HEIGHTS, Fla., Feb. 1 /PRNewswire-FirstCall/ -- American
Access Technologies, Inc. (NASDAQ:AATK) is pleased to announce that
it has distributed all the assets in the American Access
Technologies Profit Sharing Plan ("Plan") this week to
participants. In addition to other investments, there were 68,000
shares of the company's stock included in the Plan that were
transferred into IRA retirement accounts of plan participants. John
Presley, CEO and director, and his spouse acquired 28,150 and 5,000
shares, respectively, and Erik Wiisanen, Vice President-Marketing
of the Company's Omega Metals division and director, acquired
29,650 shares from the final distribution of the Plan. All three
individuals were trustees and participants in the Plan. Messrs.
Presley and Wiisanen chose to accept their distributions in stock
rather than cash to signal their confidence in the future of the
Company and the prospects for its shares. About American Access
Technologies, Inc. American Access Technologies, Inc. manufactures
patented zone cabling and wireless enclosures that mount in
ceilings, raised floors, and in custom furniture, for routing of
telecommunications cabling, fiber optics and wireless solutions to
the office desktop. The Company's concept of "zone cabling" reduces
costs for initial network installation and facilitates moves, adds,
changes and upgrades for the network installations of today and
tomorrow. The Omega Metals division manufactures proprietary
products, and also employs state-of-the-art metal fabrication and
finishing techniques for public and private companies and U.S.
government contractors. Company Contact: Joe McGuire, Chief
Financial Officer (352) 473-6673/ DATASOURCE: American Access
Technologies, Inc. CONTACT: Joe McGuire, Chief Financial Officer,
American Access Technologies, +1-352-473-6673, or Web site:
http://www.aatk.com/
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