SOURCE: Access Integrated Technologies, Inc.

November 20, 2008 11:30 ET

Access Integrated Technologies, Inc. Ranked Number 181 Fastest Growing Company in North America on Deloitte's 2008 Technology Fast 500

Attributes Its 1,013 Percent Revenue Growth to Best-of-Breed Technology, Highly Skilled Personnel, and Its Commitment to Transforming the Cinema Experience for the Consumer

MORRISTOWN, NJ--(Marketwire - November 20, 2008) - Access Integrated Technologies, Inc. ("AccessIT") (NASDAQ: AIXD) today announced that it ranked number 181 on Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007. AccessIT grew 1,013 percent during this period.

AccessIT's Chairman and CEO, Bud Mayo, credits best-of-breed technology, highly skilled personnel and commitment to transforming the cinema experience for the consumer with the company's 1,013 percent revenue growth over the past five years. He said, "Our people have built our technology platform which has in turn enabled us to grow by bringing benefits to studios, exhibitors, and, most importantly, to movie goers throughout the country."

"Each company on Deloitte's Technology Fast 500 is an innovator with an exceptional five-year track record of growth," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "AccessIT has earned its position among the fastest growing companies in North America, and we are proud to honor this important accomplishment."

In addition to ranking on Deloitte's Technology Fast 500, AccessIT ranked 33rd on the New York, New Jersey, Connecticut Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in that tri-state area.

Fast 500 Selection and Qualifying Criteria

The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.

Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.

Access Integrated Technologies, Inc. (AccessIT) is the global leader in providing integrated solutions for the conversion to digital cinema and to enhance the movie theatre experience for millions of viewers. The Company's ground-breaking digital cinema networked services along with its Library Management Server® and Theatre Command Center® software have enabled theatres across the United States to play more than eight million digital showings of Hollywood features to date. AccessIT's 24/7 satellite operations delivers feature movies, alternative content advertising, and pre-show entertainment through its UniqueScreen Media subsidiary, including live 2-D and 3-D events through its CineLive® satellite network, expanding box office sales and developing new ways to attract incremental revenues. Through its alternative content distribution unit, The Bigger Picture, AccessIT offers channels of programming including Opera, Kidtoons, Faith Based, Concerts, Sports and Anime. Access Integrated Technologies® and AccessIT™ are trademarks of Access Integrated Technologies, Inc. For more information on AccessIT, visit www.accessitx.com. [AIXD-G]

About Deloitte

As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Contact Information

  • Contact:
    Suzanne Moore
    Access Integrated Technologies, Inc.
    (973) 290-0056
    Email Contact