Keystone Company on cutting edge of
Telecommunications wiring support technology
By Jim Kelly, staff
jkelly@add-inc.com
KEYSTONE HEIGHTS-An unusual place to find a guy who grew up in the shadows of
the World Trade Center, went to Notre Dame during the era
of Joe Montana> and held numerous management positions on Wall Street. How
did he end up here? "It is a good question," said Joe McGuire,
Chief Financial Officer, corporate secretary, treasurer, legal liaison, and
investor relations director for American Access Technologies, Inc. (AATK) "I
guess because I believe I'm in the right place at the right time with a Company
that has a patented product on the cutting edge in the telecommunications world
with explosive growth potential." The communications industry is realizing that
wiring/cabling a building makes a lot more sense in zones rather than the miles
of long runs with bulky wire running from one corner of the room (the telecom
closet) all the way to the last guy at the other end of the room needing to be
wired to the system according to McGuire. And that's where American Access
Technologies comes into the picture. "We make the telecommunication
enclosures for use directly above or below the end users in the ceiling or in
the floor," said McGuire. "We developed and patented the telecommunication
enclosures to suit this zone concept which trims the cost of cable installation
and accommodates reduced time to repair equipment, as all ports are accessible and
easy to troubleshoot." There are many advantages to zoning versus the old way of
long cable runs. Enhanced network performance which optimizes data and voice
transmission due to the shorter cable runs, reduced move/adds/changes expense
and downtime, ease of installation and pending Telecommunication Industry
Association standard approval are making the decision to zone a compelling one.
Suffice it to say that zoning an office is being considered more often by a
number of companies as American Access enclosures reached an all time high in
sales during the fourth quarter of 2002. In addition to our zone products, in
2001, we manufactured a wireless enclosure that is also becoming a hot item in
the industry. American Access Technologies factory is 68,000 square feet of huge
bending, punching and drilling machines capable of bending sheet metal into high
quality boxes meeting client specifications for use as everything from simple
wiring terminals to indicator boxes used by the military to detect toxic
chemical agents. McGuire came on-board about three years ago, after many years on
Wall Street and employment in the big corporate giants like Price-Waterhouse Coopers,
Paine-Webber, Dean-Witter, a few hedge funds and even a five year stint with the
prestigious commodity, futures and foreign exchange trader John W. Henry & Company.
He is growing comfortable in his new office at the plant and enjoys meeting
people and relaying the success story of AATK's part in making zoning
and wireless work for efficiency in any business. "I am just back from the
annual BICSI (Building Industry Consulting Services International)
conference in Orlando where the Company was privileged to speak," said McGuire.
BICSI provides education, skills sharing and general telecommunications infrastructure
design courses to the industry. "We heard several telecommunications companies,
extol the virtues of zone cabling," said McGuire. "In fact one large t
elecom company recently released a study on zone, telling the industry that zoning
can save money in cabling and should be considered the preferred method of new
installation." McGuire has been told that AATK may be the only
publicly traded company (NASDAQ:AATK small cap market) headquartered in Clay
County. As of February 4, the total market value of the stock is more than $3.1
Million, which, according to McGuire, is still well below its book value.
Trading has been in the .50-.60 cent range for several months and less than
$1.00 for over a year. McGuire was pleased to read that last week the NASDAQ
announced plans to extend a program governing bid price rules for all NASDAQ
companies. The company was scheduled to be delisted from the NASDAQ in February
if it did not trade above $1.00 per share. The NASDAQ proposal will allow
companies that meet heightened financial requirements additional time to address
bid price deficiencies that may be attributable to the continuing economic
downturn and the related decline in the broad market averages. McGuire says he
is happy to get the NASDAQ decision finalized so as to achieve stability without
creating a pause in investor thinking. "We have about 3500 investors now," said
McGuire. They have taken a wait and see attitude with us, while the economy has
faltered. Investors will be watching for signals that our patented products will
make the long awaited meteoric rise on the telecommunications ride. The Company
has a solid balance sheet highlighted by keeping a debt free status. We continue
our march to profitability with sales moving in the right direction. We
feel we are undervalued as a stock since our book value is well above our stock
price. We have confidence that what we have waited and planned for is about to
begin." Meanwhile, the affable Chief Financial Officer still answers his own
telephone and talks with investors who call. "A fellow called early last week to
talk about his investment with AATK, said McGuire. "He spent the first few
minutes of the call expressing his surprise that he was actually talking to the
CFO of the company about his investment. That's MY job. If you have questions
about American Access Technologies, Inc. products or if you would like a free
investor package, you can visit the website at www.aatk.com or you can call or
email McGuire - just ask for the CFO or the company secretary, or the treasurer
or even investor relations - He will be glad to talk with you. AATK is located
just this side of Keystone at 6670 Spring Lake Road, Just off S.R. 21, Reach him
at (352) 473-6673 or jmcguire@aatk.com.
Keystone Company on cutting edge of Telecommunications wiring support technology By Jim Kelly, staff jkelly@add-inc.com