AGT Reports Record Orders for the Third Quarter and Year-to-Date Sales Growth of 40%
Dedicated collaboration managed services provider is on track for ninth consecutive year of profitability
  
Rockledge, FL  November 4, 2004 - Applied Global Technologies, proven experts in IP collaboration technologies and solutions, announces third quarter revenue of $6M and total revenue in the first nine months of 2004 of $20.7M, a 40% increase over the comparable period of the prior year.  Orders for the quarter totaled over $15 million, a 114% increase over the third quarter of 2003, the previous record.
 
"We are excited about the market's response to our new collaboration innovations and their integration into our dedicated managed services," stated Mike Valletutti, Chief Executive Officer, Applied Global Technologies.  "Our exclusive tools and expert personnel continue to differentiate AGT from competitors who provide only basic hardware management and scheduling services."
 
AGT closed the third quarter with a record contracted backlog of $13M, excluding two variable, subscriber-based contracts with expected additional revenue of $10 million over their terms.  That represents a 60% increase over the prior year.  The majority of the backlog will be recognized over the next four quarters.
  
New managed services contracts propelled the growth in revenue and backlog during the quarter.  The Company closed multi-year contracts with a leading wireless telecommunications company, the U.S. Navy and the State of Georgia.  Additionally, AGT incorporated its exclusive collaboration Portal, PERSPECTIVE c/P, into three new multimillion dollar contracts.
 
"Our ability to design and integrate a customer's A/V rooms, evaluate and improve the quality of their networks, bring group video and PC users together into the same meeting, provide seamless access to presentations, and report and manage the utilization of collaboration resources, distinguishes the value of our service offering," added Valletutti.  "With this capability, we expect to announce several other new contracts and partnership in coming months."
 
EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) doubled in the third quarter over the comparable period of the prior year, growing to $900K year-to-date.  The Company continued to invest 3% of revenue in Research & Development.
 
"Services and technology increased to almost 50% of revenue in the quarter, up from 35% in the prior year," added Harry Ericson, Chief Financial Officer, Applied Global Technologies.  "The Company's backlog of contracts includes high value deliverables which will drive growth and profitability, as we started to recognize in the third quarter."
 
 
About Applied Global Technologies            
Applied Global Technologies offers its customers proven expertise in IP collaboration with the mission to transform companies from buyers of technology into users of technology.   As a dedicated collaboration managed service provider, AGT 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.    
 
In addition to its work in the commercial marketplace, the eleven-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.  The company was recently listed among the fastest growing private companies in America (Inc 500).
 
AGT partners with those companies that bring value to its customers.  Applied Global's current partners include:  Anteon, AT Alliance, EDS, Glowpoint, Infonet, MiCTA, Polycom, Radvision, SAIC, Sprint, SRA International, TANDBERG,  VCON, and Verizon.
 
AGT is the creator of a series of innovative solutions in the Collaboration industry including:  FATHOM™ c/A - an IP video analysis tool (FATHOM collaboration Analyzer), NEXUS c/R™ - a billing and utilization management tool (NEXUS collaboration Reporter), and  PERSPECTIVE™ c/P - a multimedia gateway to seamless communication between group and desktop systems (PERSPECTIVE collaboration Portal).  These are available through AGT's managed services.
 
Applied Global Technologies' international headquarters is located in Rockledge, FL with field support offices in Atlanta, Dallas, Honolulu, Okinawa, Ottawa, Phoenix, Seattle, Virginia Beach, and Washington, DC.