APPLIED GLOBAL TECHNOLOGIES EXPANDS MANAGEMENT TEAM IN RESPONSE TO CONSECUTIVE YEARS OF RECORD GROWTH IN SALES AND PROFITS

Applied Global Technologies Appoints Harry Ericson as Chief Financial Officer

Rockledge, FL -- February 27, 2003 - Applied Global Technologies, a worldwide provider of reliable and worry-free video communications, announces the appointment of Harry V. Ericson to the position of Chief Financial Officer. Ericson will be responsible for accounting, treasury, budgeting, tax and audit activities. He joins the AGT team with over 20 years of accounting and financial operations experience at Solunet, Inc. (a former three-time Inc. 500 Fastest Growing Company), Harris Corporation (a NYSE-listed company), and Ernst & Young. Ericson is a certified public accountant.

Harrys experience in the communications industry in addition to his breadth of experience in financial and capital management, provide an ideal fit for AGT," stated Mike Valletutti, Chairman and CEO, Applied Global Technologies. Harry has an excellent reputation for his professional integrity and financial leadership."
AGT has demonstrated a distinctive value in the network conferencing market, combining best-of-breed hardware with an expert service capability and custom software applications," stated Ericson. Their record of growth in sales and profitability during a period of reduced technology spending is a testimony to the value AGT provides its customers."

Ericson lives in Melbourne, Florida and will work from the Applied Global corporate office in Rockledge, Florida.

About Applied Global Technologies®

   
Applied Global Technologies® is the worlds only portal to reliable and worry-free video communications with divisions in professional engineering services, software development, integration and customer support services. 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.