RECORD YEAR DRIVEN BY EXPANSION OF OUTSOURCING, SOFTWARE DEVELOPMENT AND INCREASED PRODUCT OFFERINGS

The ten-year old private company pushes 2002 revenues up 180%

Rockledge, FL -- January 30, 2003 - Applied Global Technologies, an emerging leader in unique outsourced collaboration and conferencing solutions, continues its dramatic five-year financial growth rate of nearly 1000% by producing 2002 sales of approximately $18.5M and nearly doubling its operating income as compared with the previous year. The Florida based company is running on a solid business model by providing an innovative solution to the marketplace.

   We achieved nearly every professional goal we set for ourselves in 2002 and the result was record numbers across each division of the company," stated Mike Valletutti, Chairman and CEO, Applied Global Technologies. Since our formation in 1993, we have committed ourselves to serving current customers with excellence while expanding our customer base through new innovative services."

With our strong group of engineers, support personnel and a growing Services and Outsource Division, I have great expectations for 2003," stated Ben Atha, President and CTO. Taking care of our customers has been and continues to be our number one focus."

   A major contributor to the companys profitability continued to come from the Professional Services and Outsourcing Division. AGT renewed several major outsourcing contracts, increased contract personnel, and won new network engineering and A/V integration jobs.

   It was a significant year in AGTs long term strategy," stated Valletutti. We have realized consistent growth and have set many new milestones for 2003."

About Applied Global Technologies®

Applied Global Technologies® is an emerging leader in the conferencing and communications industry with divisions in hardware resale and integration, professional engineering services with full turnkey support, and cutting-edge software development. Applied Global takes the enterprise vision of fully integrated IP networks and applies it as an effective, ROI-centered solution for todays progressive and agile businesses.    

As a one-of-a-kind outsource 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 companys continued advancement in communications is being felt around the world.

AGT partners with those companies that bring value to its customers. Applied Globals current partners include: Infonet, Tandberg, Polycom, Radvision, and VCON.

Applied Globals international headquarters is located near NASA in Rockledge, FL with field support offices in Atlanta, San Diego, Seattle, Virginia Beach, and Washington, DC.