Advanced Communications Technologies, Inc (ADVC.OB), a leading integrated reverse logistics holding company, announced that both of their wholly owned subsidiaries – Vance Baldwin Electronics and Cyber-Test — attained record-breaking revenue levels in January 2008. Both subsidiaries had a combined revenue value of over $7 million, representing an increase of approximately 20% compared to the same period one year prior.
Lisa Welton, president of Cyber-Test, stated, “We are pleased that Cyber-Test has managed to broaden its customer and product base since the beginning of the current fiscal year, which is a key reason that January was such a successful month. Business from our longer-term customers also grew substantially.”
Wayne Danson, President and Chief Executive Officer of Advanced Communication, commented, “While the current level of success for both companies is gratifying, we are only beginning to put into place new business opportunities that will become major new sources of revenue and that are only possible with the addition of Vance Baldwin as a sister company.”
Robert Coolidge, President of Vance Baldwin, added, “We are continuing our efforts to offer more than just products to the market. Our unique strategy is to offer programs that are tailored to customer needs, and that add value not offered elsewhere. This month’s increase in revenue is a solid indicator of the favorable reception to our approach.”
Advanced Communications specializes in the consumer electronic aftermarket service and supply chain, known as reverse logistics. Through their principal operating unit, Encompass Group Affiliates, and in conjunction with their principal stockholder, Advanced Communications, the company provides computer and electronic repair services, parts distribution, and asset management services.
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