AGT Hits Record First Quarter 2004 Revenue of $6M
Private communications company's operating revenue increases 58% over prior year  
 
Rockledge, FL  May 6, 2004 -  Applied Global Technologies, an innovative technologies company offering reliable and worry-free managed services for IP audio, data and video communications,  announces another record quarter with revenues of $6M in Q1 2004.  This marks a 58% increase over the comparable period of the prior year.
 
"We are successfully building upon our mission of providing outstanding service and support," stated Mike Valletutti, CEO, Applied Global Technologies.  "Already experts in video conferencing, our customers are now relying on AGT to deliver the full collaboration environment."
 
The most recent quarter was filled with achievements from each of the company's four Divisions: 
 
Hardware Solutions:  The quarter was highlighted by a multi-million dollar contract with the National Guard Bureau to equip the offices of its 54 Adjutants General with video conferencing technology.   More than 50 endpoints were delivered this quarter, with more than 30 MCUs delivered in April.
 
Custom A/V Integration:  As part of its work in Q1, this division completed custom A/V multimedia room projects for Hanscom Air Force Base, Forces Command, USDA, US Army Corp of Engineers, Randolph Air Force Base and select Marine Bases in the U.S.  Integration services increased five fold over the comparable quarter in 2003.
 
Managed Services:  AGT began the implementation for two new Managed Services clients in Q1 2004, serving the US Senate and Ericsson, Inc.
 
Engineering/Software Development:  The creation of FATHOM™, an IP video analysis tool which evaluates networks' ability to handle video traffic at desired quality and quantity, was finalized and deployed in Q1.  In addition, the team created a new PUSH-TO-TALK CAMERA TRACKING SYSTEM, which provides customers with an adaptable camera system integrating multiple presets, multiple cameras, multiple microphones and even multiple rooms integrated into a single seamless PTT system.
 
"AGT had another great quarter to start 2004, with strong growth in sales, profitability and cash flow, while continuing to invest in R&D, evidence by the release of two new products in the quarter," stated Harry Ericson, Chief Financial Officer, AGT.  "The company is in good financial position to support continued growth in company value."
 
The company was also honored in Q1 by Polycom, Inc with the Polycom 2003 "Solution of the Year" award.   The company is in a strong position for Q2 with backlog at record levels.
 
 
About Applied Global Technologies            
Applied Global Technologies offers the world's most reliable and worry-free portal to effective video communications with divisions in hardware, custom A/V integration, managed services, engineering and software development.   Applied Global takes the enterprise vision of fully integrated IP networks and applies it as an effective, ROI-centered solution for today's progressive and agile businesses.   
 
As a one-of-a-kind managed services solution, AGT activates its wealth of experience and skill base to develop solutions that are unique to each customer.  In doing so, its customers are able to utilize technology to enhance business objectives without distraction or disruption to core business priorities.
 
In addition to its work in the commercial marketplace, the ten-year old private corporation provides conferencing solutions to the Pentagon, branches of the US Military and civilian agencies, as well as numerous federal and state government facilities.  The company's continued advancement in communications is being felt around the world.
 
AGT partners with those companies that bring value to its customers.  Applied Global's current partners include:  Anteon, Booz Allen Hamilton, EDS, Glowpoint, Infonet, Lockheed Martin, Polycom, Radvision, Raytheon, SAIC, Sprint, SRA International, TANDBERG, VCON, and Verizon.
 
The company recently released a new service known as PERSPECTIVE™ .  It is a multimedia gateway - an interactive video and web interface service which allows you to centrally access workplace tools available on any IP network and share those tools in real-time with anyone you want regardless of communication device.  It is the ultimate collaboration service.
 
Applied Global's international headquarters is located in Rockledge, FL with field support offices in Atlanta, Chicago, Dallas, Honolulu, Okinawa, Ottawa, Seattle, San Francisco, Virginia Beach, and Washington, DC.