<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>aati10qsb.txt
<DESCRIPTION>QUARTERLY REPORT
<TEXT>
               Form 10-QSB for AMERICAN ACCESS TECHNOLOGIES, INC.



                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

[XX]    Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities
        Exchange Act of 1934 For the quarterly period ended June 30, 2001

                                       OR

[  ]    Transition Report Pursuant to Section 13 or 15 (d) of the Securities
        Exchange Act of 1934

        For the transition period from ______________ to ________________

                   * * * * * * * * * * * * * * * * * * * * * *

                          Commission File No. 000-24575

                        AMERICAN ACCESS TECHNOLOGIES INC.
                              A Florida corporation
   (Exact name of registrant as specified in charter, and state incorporated)

                   * * * * * * * * * * * * * * * * * * * * * *

                     Employer Identification No. 59-3410234
             37 Skyline Drive, Suite 1101, Lake Mary, Florida 32746
             (Address of principal executive offices of registrant)

                                 (407) 333-1446
              (Registrant's telephone number, including area code)

                   * * * * * * * * * * * * * * * * * * * * * *

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
YES [X]. NO [  ].

The number of shares of AMERICAN ACCESS TECHNOLOGIES INC. Common Stock (Par
Value $0.001) issued at June 30, 2001 was: 4,530,347.


<PAGE>

               AMERICAN ACCESS TECHNOLOGIES, INC AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                                    Unaudited

                                     ASSETS

<TABLE>
<CAPTION>
                                                                                             June 30, 2001        December 31, 2000
                                                                                            ---------------------------------------
<S>                                                                                           <C>                   <C>
Current Assets:
           Cash and cash equivalents                                                          $    217,756          $    399,948
           Accounts receivable, net of allowance of $58,403 and $62,400, respectively            1,087,031             1,011,712
           Notes receivable,directors and stockholders,including accrued interest                  190,460               393,988
           Inventories                                                                             673,431               781,718
           Prepaid expenses and other current assets                                                10,910                41,271
                                                                                              ------------          ------------
                     Total current assets                                                        2,179,588             2,628,637

           Property, Plant and Equipment                                                         3,042,579             3,193,043
           Patent Costs                                                                             72,198                73,992
           Web Site Development Costs                                                               12,300                24,615
           Other Assets                                                                             13,075                13,075
                                                                                              ------------          ------------
                     Total assets                                                             $  5,319,740          $  5,933,362
                                                                                              ============          ============

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current Liabilities:
           Accounts payable                                                                   $    419,761          $    325,632
           Accrued expenses                                                                         62,346                86,696
           Capital lease obligation-current portion                                                 43,452                40,414
                                                                                              ------------          ------------
                     Total current liabilities                                                     525,559               452,742
                                                                                              ------------          ------------
Long-Term Liabilities:
           Capital lease obligation, net of current portion                                        181,451               203,965
                                                                                              ------------          ------------

Commitments, Contingencies, Other Matters and Subsequent Events                                                               --

Stockholders' Equity:
           Common stock, $.001 par value;  authorized 30,000,000
               shares; issued 4,530,347 and 4,740,948 shares, respectively                           4,530                 4,741
           Additional paid-in capital                                                           10,870,884            11,174,677
           Deficit                                                                              (6,262,414)           (5,379,183)
                                                                                              ------------          ------------
                                                                                                 4,613,000             5,800,235

           Treasury stock, 0 and 79,500 common shares at cost                                           --              (288,660)
           Stock subscription receivable, net of allowance of $2,712,000                              (270)                 (270)
           Treasury stock receivable                                                                    --              (234,650)
                                                                                              ------------          ------------

                     Total stockholders' equity                                                  4,612,730             5,276,655
                                                                                              ------------          ------------

                     Total liabilities and stockholders' equity                               $  5,319,740          $  5,933,362
                                                                                              ============          ============
</TABLE>
           See notes to condensed consolidated financial statements

                                       2
<PAGE>


               AMERICAN ACCESS TECHNOLOGIES, INC AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                                    Unaudited

<TABLE>
<CAPTION>
                                                              Six Months        Six Months       Three Months        Three Months
                                                                Ended             Ended             Ended               Ended
                                                            June 30, 2001     June 30, 2000      June 30, 2001      June 30, 2000
                                                            --------------------------------------------------------------------
<S>                                                         <C>                <C>                <C>                <C>
Net Sales
              Formed metal                                  $ 1,447,045        $ 1,841,271        $   700,688        $   789,332
              Zone cabling termination cabinet                  727,079          1,056,153            325,197            597,676
                                                            -----------        -----------        -----------        -----------
                                                              2,174,124          2,897,424          1,025,885          1,387,008
                                                            -----------        -----------        -----------        -----------

Costs and Expenses:
              Cost of sales                                   1,100,247          1,420,822            550,681            664,668
              Selling, general and administrative             1,539,171          1,942,854            729,521          1,073,547
              Stock-based compensation                          210,021                 --            174,842                 --
                                                            -----------        -----------        -----------        -----------
                                                              2,849,439          3,363,676          1,455,044          1,738,215
                                                                                                                     ...........

              Loss Before Other Income (Expense)               (675,315)          (466,252)          (429,159)          (351,207)
                                                            -----------        -----------        -----------        -----------

Other Income (Expense)
              Interest income                                    19,727             27,810              8,886              7,842
              Interest expense                                  (17,233)            (1,698)            (8,440)               (49)
              Other income                                       10,868             39,210              7,644             37,210
              Provision for doubtful loan receivable,
                 related party                                 (221,278)                --           (221,278)                --
              Abandoned joint venture                                --           (200,000)                --                 --
                                                            -----------        -----------        -----------        -----------
                                                               (207,916)          (134,678)          (213,188)            45,003
                                                            -----------        -----------        -----------        -----------

Net Loss                                                    $  (883,231)       $  (600,930)       $  (642,347)       $  (306,204)
                                                            ===========        ===========        ===========        ===========

Basic and Diluted Net Loss Per Common Share                 $     (0.19)       $     (0.14)       $     (0.14)       $     (0.07)
                                                            ===========        ===========        ===========        ===========
</TABLE>

              See notes to condensed consolidated financial statements.

                                       3






<PAGE>

               AMERICAN ACCESS TECHNOLOGIES, INC. AND SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                    Unaudited

<TABLE>
<CAPTION>
                                                                                  Six Months            Six Months
                                                                                    Ended                 Ended
                                                                                 June 30, 2001        June 30, 2000
                                                                                 ----------------------------------
<S>                                                                              <C>                  <C>
Cash Flows From Operating Activities:
     Net Loss                                                                    $  (883,231)         $  (600,930)
     Adjustments to reconcile net loss to net cash
        used in operating activities:
             Depreciation and amortization                                           171,952              225,026
             Warrants and common stock issued for services                           210,021                   --
             Provision for doubtful loan receivable, related party                   221,278                   --
             Decrease (Increase) in Operating Assets:
                  Accounts receivable                                                (75,319)              74,654
                  Accrued interest receivable                                        (17,750)                  --
                  Inventories                                                        108,287             (169,353)
                  Prepaid expenses and other assets                                   30,361                2,335
             Increase (Decrease) in Operating Liabilities:
                  Accounts payable and accrued expenses                               69,779             (312,547)
                                                                                 -----------          -----------

             Net Cash Used in Operating Activities                                  (164,622)            (780,815)
                                                                                 -----------          -----------

Cash Flows From Investing Activities:
     Proceeds from sale of investments                                                    --              833,344
     Acquisition of property and equipment (net of sales and retirement)              (7,379)            (329,498)
     Decrease in note receivable                                                          --              248,427
     Loans to officers                                                                    --             (340,000)
     Purchase of domain name                                                              --              (10,000)
                                                                                 -----------          -----------

             Net Cash Provided by (Used in) Investing Activities                      (7,379)             402,273
                                                                                 -----------          -----------

Cash Flows From Financing Activities:
     Acquisition of treasury stock                                                        --             (531,395)
     Proceeds from issuance of common stock                                            9,284            1,573,884
     Payments on loans and capital lease obligations                                 (19,475)             (73,812)
                                                                                 -----------          -----------

             Net Cash Used in Financing Activities                                   (10,191)             968,677
                                                                                 -----------          -----------

Net Decrease in Cash and Cash Equivalents                                        $  (182,192)         $   590,135

Cash and Cash Equivalents, Beginning                                             $   399,948          $   714,109
                                                                                 -----------          -----------

Cash and Cash Equivalents, Ending                                                $   217,756          $ 1,304,244
                                                                                 ===========          ===========


Supplemental Disclosure of Cash Flow Information:
     Cash paid for interest                                                      $    17,233          $     1,698
                                                                                 ===========          ===========
</TABLE>

            See notes to condensed consolidated financial statements.

                                        4


<PAGE>


               AMERICAN ACCESS TECHNOLOGIES, INC. AND SUBSIDIARIES
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                             JUNE 30, 2001 Unaudited

1.   Basis of Presentation

The accompanying unaudited consolidated condensed financial statements at June
30, 2001 have been prepared in accordance with generally accepted accounting
principles for interim financial information and with the instructions to Form
10-QSB and reflect all adjustments which, in the opinion of management, are
necessary for a fair presentation of financial position as of June 30, 2001 and
results of operations for the six and three months respectively ended June 30,
2001 and 2000. All adjustments are of a normal recurring nature. The results of
operations for interim periods are not necessarily indicative of the results to
be expected for a full year. The statements should be read in conjunction with
the consolidated financial statements and footnotes thereto for the year ended
December 31, 2000 included in the company's Form 10-KSB.

2.  Nature of Business and Summary of Significant Accounting Policies.

BUSINESS

American Access Technologies, Inc. manufactures patented zone cabling enclosures
for the telecommunications industry, enabling businesses and government to Move,
Add, and Change copper and fiber optic cabling to keep pace with changes in
high-speed communications networks. Our ceiling and raised floor cabinets, and
our systems furniture panels, can save up to 70% of the cost to reconfigure
office and school data centers and networks by eliminating excessive wiring and
rewiring in traditional home run arrangements.

Our wholly-owned subsidiary, Omega Metals, Inc., continues to manufacture zone
cabling cabinets along with other metal fabricating jobs, ensuring quality and
cost control. The ability to powder coat metals is available at our plant. We
also acquired two machines to aid in punching, stamping and fabricating metal,
representing a significant increase in the factory capacity.

We created two subsidiaries in 2000, registered with the Florida Secretary of
State. AATK.com, LLC was formed February 2, 2000 as a joint venture with Vulcan
Microsystems, Inc., and Grovegate Capital, LLC to create a Business-to-Business
e-commerce portal. We owned 76%, Vulcan owned 19% and Grovegate owned 5% of the
joint venture. The relationship with Vulcan ended in litigation. Because we
believed the concept was viable, we built our own web presence with an in-house
technology team, and Zonecabling.com, Inc. was incorporated as a subsidiary on
May 4, 2000. We subsequently determined that marketing our products in this
manner competed with our traditional marketing methods. Currently, this
subsidiary is subject to a Management with Option to Purchase Agreement with a
former shareholder and officer/director, signed March 27, 2001.
Zonecabling.com's role is being re-evaluated. If the option to purchase the
subsidiary is exercised before the expiration of the agreement on December 31,
2002, the Company would receive $500,000 under the terms of sale.

We have expanded our proprietary line of products, and have entered into private
labeling agreements with several manufacturers, for which we custom design
products to their specifications, serving as an Original Equipment Manufacturer,
or label our standard and modified products to suit these customers' needs.

American Access has been approved as a vendor for government services contracts.
As an approved vendor, we will be able to sell our products for network
applications at the federal level.

On April 10, 2001, American Access Technologies, Inc. entered into an Agreement
and Plan of Merger with DataWorld Solutions, Inc., of Farmingdale, New York, in
which our newly incorporated subsidiary, Dolphin Acquisition Corp., a

                                       5

<PAGE>


corporation registered in Delaware, was to have been merged into DataWorld, with
DataWorld the surviving subsidiary. Subsequent to signing the agreement,
DataWorld suffered material adverse effects to its business condition, which we
believe so prejudiced the terms of the merger against our shareholders that we
terminated the agreement on July 2, 2001. We filed for declaratory judgment in
Seminole County Circuit Court, 18th District, seeking a ruling that we were
privileged to terminate the agreement under its terms. We are awaiting that
ruling.


NET LOSS PER COMMON SHARE

The Company follows Statement of Financial Accounting Standards (SFAS) No. 128,
"Earnings per Share" which requires the presentation of both basic and diluted
earnings (loss) per share.

Basic net loss per common share has been computed based upon the weighted
average number of shares of common stock outstanding during the periods. Diluted
loss per share has not been presented, as it would be anti-dilutive. The
computation of earnings per share is reflected in the following schedule:

<TABLE>
<CAPTION>
  Computation of Net             Six Months ended     Six Months ended     Three Months ended      Three Months ended
  Loss Per Common Share           June 30, 2001         June 30, 2000        June 30, 2001           June 30, 2000
<S>                               <C>                    <C>                 <C>                      <C>
  Net Income (Loss)               $   (883,231)          $ (600,930)         $  (642,347)             $  (306,204)


  Total Weighted Average
  Number of Common Shares
  and Equivalents                    4,683,130            4,411,777            4,476,180                4,585,625
                                  ------------           ----------          -----------              -----------
  Net Loss per Common Share       $       (.19)          $     (.14)         $      (.14)             $      (.07)
</TABLE>


NOTES RECEIVABLE RELATED PARTY

In May and June 2000, the Company authorized loans to three directors, who also
are officer-employees of American Access or its subsidiaries, and who secured
the loans with personal assets unrelated to these transactions. The secured
loans were to enable these directors to cover margin calls precipitated by a
drop in the price of the Company's common stock. On May 31,Director and Company
President John Presley and Director Erik Wiisanen each executed a promissory
note and security agreement for $75,000 and $60,000 respectively, payable to the
Company on or before December 31, 2000, with interest at the rate of 10 percent
paid in arrears. On June 8, 2000, Director and Chief Financial Officer Bobby
Story executed two promissory notes and a security agreement for a total of
$260,000, payable to the Company on or before December 31, 2000, with interest
at the rate of 10 percent paid in arrears. Although the Company agreed to loan
$260,000, ultimately only $200,000 was borrowed. In October 2000, Mr. Presley
and Mr. Wiisanen executed additional promissory notes with identical terms for
$10,000 each, payable to the Company on or before April 30, 2001. All three
notes were extended to June 30, 2001 and subsequently to June 30, 2002. An
allowance for doubtful collectibility has been recorded on the full principal
and interest owed by Mr. Story ($221,278). These transactions were approved by
disinterested directors in accordance with the Florida Business Corporation Act.

                                        6


<PAGE>

STOCK SUBSCRIPTION RECEIVABLE

During June 1999, an individual affiliated with the private placement agent
exercised options to purchase 270,000 shares of Company common stock at $8.00
per share for a total of $2,160,000. The Company accepted as payment for these
shares three notes receivable totaling $2,160,000. The notes receivable, as
amended, are due on December 31, 2001, and bear interest at 10%. The Company can
require the notes to be paid in full sooner if the Company stock price equals or
exceeds $35.

The Company has recorded these notes receivable, net of an allowance, for
collectibility in stockholder notes receivable, a component of stockholders'
equity.



STOCK-BASED COMPENSATION

Merger Expense

In April 2001, the Company issued 65,000 shares of common stock to our outside
counsel for legal services rendered in connection with the agreement and plan of
merger with DataWorld Solutions, Inc. This charge was recorded in the second
quarter and approximated $124,000.

Options

On April 9, 2001, the Company issued 765,370 stock options to three
officers/directors in conjunction with employment agreements, to purchase common
stock with an exercise price of $2.25.





 Warrants

The granting of warrants to consultants resulted in a charge to consulting fees
in the amount of approximately $51,000 in the second quarter 2001 representing
the fair value of the 400,000 warrants issued in 2000 that were and are being
amortized in 2000 and 2001 and 214,435 warrants issued in 2001.



Fair Value Disclosures

Had compensation cost for the 765,370 stock options issued to officers/directors
been determined based on the fair value at the grant date consistent with SFAS
No. 123, the Company's net loss and loss per share would have been as follows:


                                       7

<PAGE>

                                                Three Months Ended June 30, 2001
                                                --------------------------------
             Net Loss:
                As reported                                $(642,347)
                                                            ========
                Pro forma                                  $(732,701)
                                                           =========

             Loss Per Share:
                Basic:
                   As reported                              $  (0.14)
                                                            ========
                   Pro forma                                $  (0.16)
                                                            ========

The Company used the Black-Scholes option pricing model to determine the fair
value of grants made in the three months ended June 30,2001. The following
assumptions were applied in determining the pro forma compensation cost:

                                                Three Months Ended June 30, 2001

             Risk Free Interest Rate                        5.5%

             Expected Dividend Yield                          --

             Expected Option Life                        2 1/2 years

             Expected Stock Price Volatility                133%


3. Contingencies and Commitment

LEGAL PROCEEDINGS

The federal litigation against the Company, precipitated by the fall of the
price of common stock in August, 1999, was dismissed on June 4, 2001, based upon
the Plaintiffs' failure to comply with the Court's prior Order to Show Cause.
Plaintiffs on July 3, 2001 filed a Motion to Reopen the case, and we
subsequently filed a Memorandum of Law in Opposition to Plaintiffs' Motion. On
August 2, 2001, the judge denied the Plaintiff's motion to reopen, ruling that
the case will remain closed. The suit was filed in United States District Court,
Eastern District of New York, originally on September 22, 1999, and amended in
February 2000. In March 2001, the judge ruled to move the case to federal
district court in Orlando, Florida. Plaintiffs Rachel Bass, Yuri Gurarity, Sol
Gingold, Don Nagy, Marilyn Lesser-Gale and John Guida alleged in the Amended
Complaint that the defendants, primarily Capital International Security Group
and its principals, Grovegate Capital Partners, LLC, and its principals, Bridge
Bank and its principals and American Access Technologies, Inc., and its
principals participated in a conspiracy to inflate the price of the Company's
common stock for the purpose of allowing "insiders" to enrich themselves by
selling personal holdings at the inflated price. Plaintiffs believed they were
injured in an amount in excess of $30 million and sought treble their general
damages and special compensatory damages with interest. The Company has
consistently denied not only any wrongdoing, but most of the material factual
allegations as well. The Company has paid for legal services as incurred, which
includes the advancing of any legal fees for indemnification of defendants who
are principals of the Company. Company defendants have signed Conflict Waivers
and Undertaking to Repay Expenses for Defense for indemnification under Florida
Statutes Section 607.0850(6).

American Access Technologies, Inc. on September 14, 2000 was served as a
defendant in a lawsuit filed by Vulcan Microsystems, Inc., in the Circuit Court
of the Eleventh Judicial Circuit for Miami-Dade County Florida. Vulcan alleges
that American Access breached the terms and committed other misdeeds in
connection with the companies' letter of intent to establish a joint venture to
engage in e-commerce. Vulcan is seeking in excess of $15,000 damages. American
Access intends to vigorously defend its position and has filed a counterclaim
against Vulcan and its principals Eric Gray and Bill Wetmore to include damages
in excess of $15,000. We allege that Vulcan, Gray and Wetmore breached the terms
of the letter agreement and committed other misdeeds in connection with the
joint venture.

                                       8

<PAGE>


American Access at March 15 has filed suit in Seminole County Circuit Court,
18th Judicial Circuit, against McLean Ventures LLC, and personal guarantor
Manuel Iglesias, for default in payment of a promissory note of $325,000, with
accrued interest in excess of $36,000 at December 31, 2000. We are seeking full
repayment of the note. The original promissor, Universal Beverages Holding
Corp., Inc., assigned its obligations with written consent of the Company, after
the Company filed a lawsuit for default of the original note of $500,000 plus
accrued interest. Although McLean paid the accrued interest and a portion of the
principal at assignment, its obligations were in default at October 31, 2000.
This note is reserved for the full amount owed. We sought and received a default
judgment in the case, and are currently taking all legal avenues toward
perfecting that judgment

On April 10, 2001, American Access Technologies, Inc. entered into an Agreement
and Plan of Merger with DataWorld Solutions, Inc., of Farmingdale, New York, in
which our newly incorporated subsidiary, Dolphin Acquisition Corp., a
corporation registered in Delaware, was to have been merged into DataWorld, with
DataWorld the surviving subsidiary. Subsequent to signing the agreement,
DataWorld suffered material adverse effects to its business condition, which we
believe so prejudiced the terms of the merger against our shareholders that we
terminated the agreement on July 2, 2001. We filed for declaratory judgment in
Seminole County Circuit Court, 18th District, seeking a ruling that we were
privileged to terminate the agreement under its terms. We are awaiting that
ruling.

SUBSEQUENT EVENTS

On July 23, 2001, the Company issued 150,000 2-year warrants in connection with
investment banking services provided to the Company with an exercise price of
$1.25.




                                       9


<PAGE>

ITEM 2.
                     MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                  RESULTS OF OPERATIONS AND FINANCIAL CONDITION


THREE AND SIX MONTHS ENDED JUNE 30, 2001 COMPARED WITH
THE THREE AND SIX MONTH ENDED JUNE 30, 2000

Revenues

Revenues for the three months ended June 30, 2001 decreased by $361,123 or 26.0%
to $1,025,885 as compared to $1,387,008 for the three months ended June 30,
2000. Revenues for the six months ended June 30, 2001 decreased by $723,300 or
24.9% to $2,174,124 as compared to $2,897,424 for the six months ended June 30,
2000. This decrease in revenues is the result of fewer new projects pursuant to
the economic downturn.



Costs and Expenses

Direct costs represent costs incurred by the Company to manufacture and assemble
its products. These costs represent 53.7 % of revenues for the three months
ended June 30, 2001 and 47.9 % of revenues for the three months ended June 30,
2000. Direct costs represent 50.6% of revenues for the six months ended June 30,
2001 and 49.0% of revenues for the six months ended June 30, 2000. The increase
in direct costs is primarily related to many smaller formed metal jobs produced
in the past quarter as compared to a year ago.

Selling, General and Administrative expenses decreased by $ 344,026 to $729,521
for the three months ended June 30, 2001 as compared to $1,073,547 for the three
months ended June 30, 2000. Selling, General and Administrative expenses
decreased by $403,683 to $1,539,171 for the six months ended June 30, 2001 as
compared to $1,942,854 for the six months ended June 30, 2000. This decrease was
the result of continued cost-cutting strategies implemented by management over
the past six months.

We issued 65,000 shares of common stock as stock-based compensation of
approximately $124,000 to our outside counsel for legal services provided in
conjunction with our Plan of Merger Agreement with DataWorld Solutions, Inc. The
merger agreement was terminated in July 2001.


Income (Loss) from Operation

Loss from operations for the quarter ended June 30, 2001 was $429,159 as
compared to a Loss of $351,207 for the quarter ended June 30,2000, an increase
of $77,952. Loss from operations for the six months ended June 30, 2001 was
$675,315 as compared to a Loss of $466,252 for the six months ended June 30,
2000, an increase of $209,063. The increased Loss is the result of the reduction
in revenues partially offset by the cost saving in Selling, General and
Administrative expenses.

Net Income (Loss)

Net loss for the quarter ended June 30, 2001 was $642,347, compared to $306,204
for the quarter ended June 30, 2000. Net loss for the six months ended June 30,
2001 was $883,231, compared to a net loss of $600,930 for the six months ended
June 30, 2000. A portion of the net loss, $221,278, can be attributed to the
allowance taken for a doubtful loan receivable.

                                       10

<PAGE>

LIQUIDITY AND CAPITAL RESOURCES

The Company's operating activities utilized cash of $164,622 during the six
months ended June 30, 2001 as compared to utilizing cash of $780,815 during the
six months ended June 30, 2000.

Management's plans include the following:

The Company has reworked its marketing plan to become the industry standard, not
just an option to traditional cabling methods. Our marketing plan envisions a
distribution chain that includes forging relationships with and ultimately
selling our products to:

o       Systems Providers (Original Equipment Manufacturers or OEMs) that buy
        and sell product and specify telecommunications systems to end-users. We
        have signed private label agreements with companies such as Tyco,
        Flexspace and others. Marketing through systems providers is much like
        selling tires to an automobile manufacturer, ensuring that the tire is
        incorporated into the design of the auto at the beginning, rather than
        setting up shop to sell tires to auto owners who are already driving
        cars with tires. For us, being specified as part of a whole
        telecommunications system at the pre-design phase is an important part
        of our sales effort, so we focus on getting the word out to OEMs about
        the benefits of zone cabling;

o       Distributors that stock, sell and finance product and whole systems. We
        work with Graybar, Anixter, and GE Supply, as well as other distributors
        that employ a sales force to support and sell product through
        contractors. Working closely with distributors ensures that their sales
        efforts are successful because their sales personnel understand why zone
        cabling products are important to a network;

o       Contractors who install, test and guarantee the network systems they
        build for end-users. Contractors also work closely with the architects
        and Information Technology Systems Designers who need to know the
        benefits of zone cabling so it can be specified from the beginning of a
        project;

o       End-users that can specify the most cost-efficient system available to
        them will want to hear the American Access zone cabling story from their
        architects, contractors, distributors or systems providers. Forging all
        of these relationships gives us the edge in education. The more you know
        about us, the more likely you are to buy the products we manufacture.

As we build relationships on four levels, the products we manufacture can be
sold to systems providers and distributors, who in turn sell to contractors or
directly to the end-user. Because our products are an integral part of a
telecommunications network, we market them for inclusion in those networks, not
just as separate entities. Again, consider the tire manufacturer that broadens
its sales success by selling tires to the automobile manufacturer for inclusion
in the finished product. Our goal is to reach beyond the concept that our
product is an alternative to traditional home run cabling and to make zone
cabling the standard in the industry.


                                       11

<PAGE>

Combined with growing orders by our established distributors, the recent private
label agreements and pending orders with divisions of Tyco and others should
increase our sales in the last two quarters of 2001.

     o      The Company believes that it can acquire working capital through
            sale of additional securities, including exercise of outstanding
            warrants, private placement, or borrowings, including bank borrowing
            and private equity lines, in view of the nature of its customer
            base. Since our 67,500 sq. ft. plant is unencumbered, we also have
            the potential to mortgage it to raise capital. On May 2, 2000, the
            Company entered into a stock placement agreement through which it
            can acquire additional working capital through November 2001.
            However, at the present time, certain conditions of liquidity
            specified in that agreement are not met and until they are, this
            avenue for capital is unavailable. The company continues to be
            subject to a number of risk factors, including the uncertainty of
            market acceptance for its product line, the need for additional
            funds, competition, technological obsolescence and the difficulties
            faced by young companies in general.




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<PAGE>


                           PART II. OTHER INFORMATION


On April 9, 2001, we entered into Employment Agreements with three key
management personnel. John Presley, President and Chief Executive Officer; Erik
Wiisanen, Vice President of Sales for Omega Metals; and Joseph McGuire, Chief
Financial Officer have one-year contracts that include salary, benefits and a
grant of 5-year options to purchase the Company Common Stock at an exercise
price of $2.25. Mr. Presley will be paid $175,000 annually, and was granted
332,685 stock options. Mr. Wiisanen will be paid $125,000 annually and was
granted 332,685 options. Mr. McGuire will be paid $115,000 annually, and was
granted 100,000 options.

On April 10, 2001, American Access Technologies, Inc. entered into an Agreement
and Plan of Merger with DataWorld Solutions, Inc., of Farmingdale, New York, in
which our newly incorporated subsidiary, Dolphin Acquisition Corp., a
corporation registered in Delaware, was to have been merged into DataWorld, with
DataWorld the surviving subsidiary. Subsequent to signing the agreement,
DataWorld suffered material adverse effects to its business condition, which we
believe so prejudiced the terms of the merger against our shareholders that we
terminated the agreement on July 2, 2001. We filed for declaratory judgment in
Seminole County Circuit Court, 18th District, seeking a ruling that we were
privileged to terminate the agreement under its terms. We are awaiting that
ruling.


ITEM 6.  EXHIBITS AND REPORTS
         --------------------

         (b) EXHIBITS
         The following exhibits are being filed as part of this report:

Exhibit No.       Description

  8.2           Agreement and Plan of Merger with DataWorld Solutions, hereby
                incorporated by reference to our 8-K filed with the Securities
                and Exchange Commission on April 17, 2001.
  8.3           Termination of Agreement and Plan of Merger with DataWorld
                Solutions, hereby incorporated by reference to our 8-K filed
                with the Securities and Exchange Commission on July 19, 2001
  8.4           Employment Agreement, dated April 9, 2001, with John E. Presley,
                hereby incorporated by reference to the Company's 8-K filed
                April 20, 2001.
  8.5           Employment Agreement, dated April 9, 2001, with Erik Wiisanen,
                hereby incorporated by reference to the Company's 8-K, filed
                April 20, 2001.
  8.6           Employment Agreement, dated April 9, 2001, with Joseph McGuire,
                hereby incorporated by reference to the Company's 8-K, filed
                April 20, 2001.

         (c)    Two exhibits on Form 8-K are Incorporated By Reference, as
                filed with the Securities and Exchange Commission on April 20,
                2001 and as a subsequent event on July 19, 2001.


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<PAGE>

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

Date:  August 10, 2001
                                    AMERICAN ACCESS TECHNOLOGIES, INC.
                                              (Registrant)

                                    By:  /s/ Joseph F. McGuire
                                    ----------------------------------------
                                    Joseph F. McGuire
                                    Treasurer
                                    Chief Financial Officer

                                    By:  /s/ John E. Presley
                                    ----------------------------------------
                                    John E. Presley
                                    President




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</DOCUMENT>
