ACTIVE CONTROL TECHNOLOGY INC.
TSX VENTURE : ACT

ACTIVE CONTROL TECHNOLOGY INC.

March 09, 2010 16:30 ET

Active Control Reports Another Record Quarterly Revenue

Commercialization continues with three new installations begun during the quarter

TORONTO, ONTARIO--(Marketwire - March 9, 2010) - Active Control Technology Inc. (TSX VENTURE:ACT), a leading provider of advanced wireless communication, productivity and safety systems, today announced its financial results for the second quarter of fiscal 2010 ended January 31, 2010.

The Corporation generated revenues of $1,620,010 during the quarter ended January 31, 2010, as compared to $183,563 in the quarter ended January 31, 2009. The increase is primarily attributable to the deployment of the Corporation's ActiveMine™ product which delivered a 15-fold increase in revenues.

For the six month period ended January 31, 2010, the Corporation generated revenues of $2,963,419, as compared to $545,821 in the corresponding period ended January 31, 2009.

"During the quarter, new installations commenced in three more mines, bringing the total underground installations of ActiveMine™ to eight," said Cameron Sturgess, President and CEO. "In addition, I am also pleased to see that the growth revenue generated from these eight mines is showing good momentum."

The Corporation incurred a net loss of $(1,113,332) or $(0.00) per share during the quarter ended January 31, 2010, as compared to a net loss of $(1,149,322) or ($0.01) per share for the quarter ended January 31, 2009.

For the six month period ended January 31, 2010, the Corporation incurred a net loss of $(2,169,692) or $(0.01) per share, as compared to a net loss of $(1,898,248) or $(0.01) per share, for the corresponding period ended January 31, 2009.

"As a result of the equity financing completed during the quarter, which delivered net cash proceeds of $3.3 million, we have ended the quarter with a much stronger balance sheet," said Peter Gimon, EVP Finance and CFO. "We will continue to manage our operating expenses very tightly, in particular our cash burn, as we are still consuming cash, albeit at a lower rate than projected in our prospectus offering."

About Active Control Technology

Active Control Technology is a mining services company specializing in advanced wireless productivity and safety systems. The company's MSHA-approved ActiveMine™ system provides two-way wireless voice communication, real-time tracking of personnel and assets, and high bandwidth data applications such as streaming video and operational data from mining machinery, over a robust wireless Wi-Fi network. Located in Burlington, Ontario, Canada, Active Control trades publicly on the TSX Venture Exchange under the symbol ACT. For more information, visit www.activecontrol.com.

The unaudited financial statements for the second quarter ended January 31, 2010 and January 31, 2009, and management's discussion and analysis of the results of operations were filed on www.sedar.com earlier today.

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Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and, as such, are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the Company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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