American Access Technologies Wins Suit Against DataWorld Solutions
February 22 2005 - 8:30AM
PR Newswire (US)
American Access Technologies Wins Suit Against DataWorld Solutions
KEYSTONE HEIGHTS, Fla., Feb. 22 /PRNewswire-FirstCall/ -- American
Access Technologies, Inc. (NASDAQ:AATK) is pleased to announce that
on February 18, 2005, Florida's 18th Judicial Circuit Court ruled
in favor of American Access in a dispute arising out of American
Access' cancellation of a merger agreement with DataWorld Solutions
Inc. in 2001. After a trial, the judge ruled that American Access
was justified in terminating the merger agreement and awarded
American Access damages including fees and costs incurred in
connection with the proposed merger and the resulting litigation.
"The Company is pleased with the ruling and feels that its position
has been totally vindicated," stated Joe McGuire, American Access
Chief Financial Officer. The ruling is subject to execution of a
written judgment and DataWorld may appeal the judgment for a
limited period after execution. About American Access Technologies,
Inc. American Access 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. Its Omega Metals
subsidiary manufactures its proprietary products, and also employs
state-of-the-art metal fabrication and finishing techniques for
public and private companies and for the U.S. government
contractors. News and product/service information are available at
http://www.aatk.com/ . Company Contact: Joe McGuire, Chief
Financial Officer (352) 473-6673/ DATASOURCE: American Access
Technologies, Inc. CONTACT: Joe McGuire, Chief Financial Officer,
American Access Technologies, Inc., +1-352-473-6673, or Web site:
http://www.aatk.com/
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