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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001021408-02-013507.txt : 20021108
<SEC-HEADER>0001021408-02-013507.hdr.sgml : 20021108
<ACCEPTANCE-DATETIME>20021108173018
ACCESSION NUMBER:		0001021408-02-013507
CONFORMED SUBMISSION TYPE:	10QSB
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20020930
FILED AS OF DATE:		20021108

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN ACCESS TECHNOLOGIES INC
		CENTRAL INDEX KEY:			0001043186
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMUNICATION SERVICES, NEC [4899]
		IRS NUMBER:				593410234
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10QSB
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24575
		FILM NUMBER:		02814827

	BUSINESS ADDRESS:	
		STREET 1:		6670 SPRING LAKE ROAD
		STREET 2:		-
		CITY:			KEYSTONE HEIGHTS
		STATE:			FL
		ZIP:			32656
		BUSINESS PHONE:		3524736673

	MAIL ADDRESS:	
		STREET 1:		6670 SPRING LAKE ROAD
		CITY:			KEYSTONE HEIGHTS
		STATE:			FL
		ZIP:			32656
</SEC-HEADER>
<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>d10qsb.htm
<DESCRIPTION>PERIOD: SEPTEMBER 30, 2002
<TEXT>
<HTML><HEAD>
<TITLE>Period: September 30, 2002</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
  <HR noshade size=4 color="#000000"><br> <p align=center><b><font size=2>Form 10-QSB for AMERICAN ACCESS TECHNOLOGIES, INC.</font></b></p> <p align=center><b><font SIZE=4>SECURITIES AND EXCHANGE
COMMISSION</font></b><br> <b><font size=2>Washington, DC 20549</font></b></p> <HR noshade width="120" color="#000000"><br> <p align=center><b><font SIZE=4>FORM 10-QSB</font></b></p> <HR noshade width="120" color="#000000"><br>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td width="30">&nbsp;</td>
<td width="30" valign=top><font size=2><b><font size=2><font face=Wingdings>x</font></font></b></font></td>
<td valign=top><font size=2><b><font size=2>Quarterly Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934</font></b></font></td></tr></table><br>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td width="30">&nbsp;</td>
<td width="30" valign=top><font size=2><b><font size=2>&nbsp;</font></b></font></td>
<td valign=top><font size=2><b><font size=2>For the quarterly period ended September 30, 2002</font></b></font></td></tr></table><br> <p align=center><b><font SIZE=2>OR</font></b></p>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td width="30">&nbsp;</td>
<td width="30" valign=top><font size=2><b><font size=2><font face=Wingdings>o</font></font></b></font></td>
<td valign=top><font size=2><b><font size=2>Transition Report Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934</font></b></font></td></tr></table><br> <p align=center><b><font size=2>For the transition period from
______________ to ________________</font></b></p> <p align=center><font size=2>* * * * * * * * * * * * * * * * * * * * * *</font></p> <p align=center><b><font size=2>Commission File No. 000-24575</font></b></p> <HR noshade width="120"
color="#000000"><br> <p align=center><b><font SIZE=5>AMERICAN ACCESS TECHNOLOGIES INC.</font></b><br><b><font size=5>A Florida corporation</font></b><br> <b><font size=1>(Exact name of registrant as specified in charter, and state
incorporated)</font></b></p> <HR noshade width="120" color="#000000"><br> <p align=center><font size=2>* * * * * * * * * * * * * * * * * * * * * *</font></p> <p align=center><b><font size=2>Employer Identification No.
59-3410234</font></b><br><b><font size=2>6670 Spring Lake Road, Keystone Heights, Florida 32656</font></b><br><b><font size=1>(Address of principal executive offices of registrant)</font></b></p> <p align=center><b><font size=2>(352)
473-6673</font></b><br><b><font size=1>(Registrant&#146;s telephone number, including area code)</font></b></p> <p align=center><font size=2>* * * * * * * * * * * * * * * * * * * * * *</font></p> <p align=left><font size=2>Section 13 or 15 (d) of
the Indicate by check mark whether the registrant (1) has filed all reports required to be filed by 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. </font><br><font SIZE=2>YES <font face=Wingdings>x</font>. NO <font face=Wingdings>o</font>.</font></p> <p align=left><font size=2>The number of shares of AMERICAN ACCESS
TECHNOLOGIES INC. Common Stock (Par Value $0.001) outstanding at November 7, 2002 was 5,843,612.</font></p> <br><HR noshade size=4 color="#000000">

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <p align=center><b><font SIZE=2>AMERICAN ACCESS TECHNOLOGIES, INC. AND SUBSIDIARIES</font></b><br><b><font SIZE=2>CONSOLIDATED BALANCE SHEETS</font></b><br><b><font size=2>Unaudited</font></b></p>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="98" colspan="2"><b><font size=1>September30, 2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="96" colspan="2"><b><font size=1>December31, 2001</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Center><u><b><font SIZE=2>ASSETS</font></b></u></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left bgcolor="#cceeff"><font size=2>Current Assets:</font></td>
<td width="8" bgcolor="#cceeff">&nbsp;</td>
<td width="4" bgcolor="#cceeff">&nbsp;</td>
<td bgcolor="#cceeff">&nbsp;</td>
<td width="8" bgcolor="#cceeff">&nbsp;</td>
<td width="4" bgcolor="#cceeff">&nbsp;</td>
<td bgcolor="#cceeff">&nbsp;</td>
<td width="8" bgcolor="#cceeff">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Cash and cash equivalents</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="94"><font size=2>792,082</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="92"><font size=2>348,757</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left bgcolor="#cceeff">&nbsp;&nbsp;&nbsp;<font size=2>Investment securities</font></td>
<td width="8" bgcolor="#cceeff">&nbsp;</td>
<td valign=bottom width="4" bgcolor="#cceeff">&nbsp;</td>
<td align=right valign=bottom width="94" bgcolor="#cceeff"><font size=2>250,000</font></td>
<td width="8" bgcolor="#cceeff">&nbsp;</td>
<td valign=bottom width="4" bgcolor="#cceeff">&nbsp;</td>
<td align=right valign=bottom width="92" bgcolor="#cceeff"><font size=2>1,751,665</font></td>
<td width="8" bgcolor="#cceeff">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Accounts receivable, net of allowance of $238,000</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>1,028,363</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>1,084,012</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left bgcolor="#cceeff">&nbsp;&nbsp;&nbsp;<font size=2>Inventories</font></td>
<td width="8" bgcolor="#cceeff">&nbsp;</td>
<td valign=bottom width="4" bgcolor="#cceeff">&nbsp;</td>
<td align=right valign=bottom width="94" bgcolor="#cceeff"><font size=2>721,667</font></td>
<td width="8" bgcolor="#cceeff">&nbsp;</td>
<td valign=bottom width="4" bgcolor="#cceeff">&nbsp;</td>
<td align=right valign=bottom width="92" bgcolor="#cceeff"><font size=2>707,553</font></td>
<td width="8" bgcolor="#cceeff">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Prepaid expenses and other current assets</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>101,019</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>83,093</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left bgcolor="#cceeff">&nbsp;&nbsp;&nbsp;<font size=2>Notes receivable, directors and stockholders, including accrued interest</font></td>
<td width="8" bgcolor="#cceeff">&nbsp;</td>
<td valign=bottom width="4" bgcolor="#cceeff">&nbsp;</td>
<td align=right valign=bottom width="94" bgcolor="#cceeff"><font size=2>189,836</font></td>
<td width="8" bgcolor="#cceeff">&nbsp;</td>
<td valign=bottom width="4" bgcolor="#cceeff">&nbsp;</td>
<td align=right valign=bottom width="92" bgcolor="#cceeff"><font size=2>178,211</font></td>
<td width="8" bgcolor="#cceeff">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Note receivable, other, net of allowance of $361,562</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Total current assets</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>3,082,967</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>4,153,291</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Property, Plant and Equipment</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>3,098,967</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>2,883,368</font></td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Patent Costs</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>72,572</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>70,404</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Intangible Assets</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>147,071</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Other Assets</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>1,720</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>13,075</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Deposit on Product Rights</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>129,780</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Total assets</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="94"><font size=2>6,403,297</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="92"><font size=2>7,249,918</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Center><u><b><font SIZE=2>LIABILITIES AND STOCKHOLDERS&#146; EQUITY</font></b></u></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Current Liabilities:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Accounts payable</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="94"><font size=2>337,244</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="92"><font size=2>370,373</font></td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Accrued expenses</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>100,971</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>89,169</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Current portion of obligation resulting from Product Rights acquisition</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>100,000</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Total current liabilities</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>538,215</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>459,542</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Long-Term Liabilities:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Obligation resulting from Product Rights acquisition</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>25,000</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Total long-term liabilities</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>25,000</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left><font size=2>Commitments, Contingencies, Other Matters and Subsequent Events</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Stockholders' Equity:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Common stock, $.001 par value; authorized 30,000,000 shares; issued <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,843,612 shares</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>5,843</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>5,847</font></td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Additional paid-in capital</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>13,687,965</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>13,606,551</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Deficit</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>(7,853,456</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>(6,820,252</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr BGCOLOR="#cceeff">
<td></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>5,840,352</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>6,792,146</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Treasury stock, 0 and 2,000 common shares at cost</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>(1,500</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Stock subscription receivable, net of allowance of approximately <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2,712,000</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>(270</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>(270</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Total stockholders&#146; equity</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>5,840,082</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="92"><font size=2>6,790,376</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Total liabilities and stockholders&#146; equity</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="94"><font size=2>6,403,297</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="92"><font size=2>7,249,918</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td> </tr></table><br> <p align=center><font size=2>See notes to condensed consolidated financial statements.</font></p> <CENTER> </CENTER>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <font size=2> </font> <p align=center><b><font SIZE=2>AMERICAN ACCESS TECHNOLOGIES, INC. AND SUBSIDIARIES</font></b><br><b><font SIZE=2>CONSOLIDATED STATEMENTS OF OPERATIONS</font></b><br><b><font
size=2>Unaudited</font></b></p>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="103" colspan="2"><b><font size=1>Nine Months Ended</font></b><br><b><font size=1>September 30, 2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="103" colspan="2"><b><font size=1>Nine Months Ended</font></b><br><b><font size=1>September 30, 2001</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="111" colspan="2"><b><font size=1>Three Months Ended</font></b><br><b><font size=1>September 30, 2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="112" colspan="2"><b><font size=1>Three Months Ended</font></b><br><b><font size=1>September 30, 2001</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Net Sales</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Formed metal</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="99"><font size=2>2,275,160</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="99"><font size=2>2,026,549</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="107"><font size=2>727,641</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="108"><font size=2>579,504</font></td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Zone cabling termination <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;cabinet</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>1,318,607</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>924,445</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>513,740</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>197,366</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>3,593,767</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>2,950,994</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>1,241,381</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>776,870</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Costs and Expenses:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Cost of sales</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>1,868,241</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>1,558,523</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>661,365</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>458,276</font></td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Selling, general, and <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;administrative</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>2,669,025</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>2,197,425</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>960,523</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>658,255</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Stock-based compensation</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>98,011</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>273,270</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>20,776</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>63,249</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr BGCOLOR="#cceeff">
<td></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>4,635,277</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>4,029,218</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>1,642,664</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>1,179,780</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left><font size=2>Loss Before Other Income <br>&nbsp;&nbsp;&nbsp;&nbsp;(Expense)</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>(1,041,510</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>(1,078,224</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>(401,283</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>(402,910</font></td>
<td valign=bottom width="14"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Other Income (Expense):</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Interest income</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>35,672</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>29,218</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>12,899</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>9,492</font></td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Interest expense</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>(25,307</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>(8,074</font></td>
<td valign=bottom width="14"><font size=2>)</font></td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Other income</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>23,862</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>18,410</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>4,494</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>7,542</font></td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Realized and unrealized gain <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(loss) on investments</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>(51,728</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>(50,274</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Provision for doubtful loan <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;receivable, related party</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>221,278</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>7,806</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="99"><font size=2>22,321</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="107"><font size=2>(32,881</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="108"><font size=2>230,238</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left><font size=2>Net Loss</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="99"><font size=2>(1,033,704</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="99"><font size=2>(1,055,903</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="107"><font size=2>(434,164</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="108"><font size=2>(172,672</font></td>
<td valign=bottom width="14"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left><font size=2>Basic Net Loss Per Common <br>&nbsp;&nbsp;&nbsp;&nbsp;Share</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="99"><font size=2>(.18</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="99"><font size=2>(.23</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="107"><font size=2>(.07</font></td>
<td valign=bottom width="14"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="108"><font size=2>(.04</font></td>
<td valign=bottom width="14"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td> </tr></table><br> <p align=center><font size=2>See notes to condensed consolidated financial statements.</font></p> <CENTER> </CENTER>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <font size=2> </font> <p align=center><b><font SIZE=2>AMERICAN ACCESS TECHNOLOGIES, INC. AND SUBSIDIARIES</font></b><br><b><font SIZE=2>CONSOLIDATED STATEMENTS OF CASH FLOWS</font></b><br><b><font
size=2>Unaudited</font></b></p>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="102" colspan="2"><b><font size=1>Nine Months </font></b><br> <b><font size=1>Ended</font></b><br> <b><font size=1>September 30, 2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="101" colspan="2"><b><font size=1>Nine Months </font></b><br> <b><font size=1>Ended</font></b><br> <b><font size=1>September 30, 2001</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td>
<td colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Cash Flows from Operating Activities:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Net loss</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="98"><font size=2>(1,033,704</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="97"><font size=2>(1,055,903</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Adjustments to reconcile net loss to net cash used in operating <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;activities:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Depreciation and amortization</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>428,997</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>266,587</font></td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Warrants and stock issued for services</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>98,011</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>273,270</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Realized and unrealized losses on investments</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>41,809</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Loss on abandonment of leasehold equipment</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>14,433</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Changes in operating assets and liabilities:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>(Increase) decrease in:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Accounts receivable</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>55,649</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>141,217</font></td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Accrued interest receivable</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>(11,625</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>(27,235</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Inventories</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>(14,114</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>115,636</font></td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Prepaid expenses and other current assets</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>(17,926</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>33,040</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Increase (decrease) in accounts payable and accrued expenses</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>(15,366</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>60,997</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Net cash used in operating activities</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>(453,836</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>(192,391</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Cash Flows from Investing Activities:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Proceeds from sale of investments</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>1,501,665</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Acquisition of property and equipment</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>(534,805</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>(3,879</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Acquisition of product line</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>(50,000</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Decrease in other assets</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>11,355</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td><font size="2" face="Times New Roman, Times, serif">&nbsp;&nbsp;&nbsp;&nbsp;Increase in patent costs</font></td>
<td width="8"><font size="2" face="Times New Roman, Times, serif"></font></td>
<td align=right valign=top colspan="2"><font size="2" face="Times New Roman, Times, serif">(5,953</font></td>
<td width="8" align="left"><font size="2">)</font></td>
<td align=right valign=top colspan="2"><font size=2>&#151;</font><font size="2" face="Times New Roman, Times, serif"></font></td>
<td width="8"><font size="2" face="Times New Roman, Times, serif"></font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Net cash provided by (used in) investing activities</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>922,262</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>(3,879</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Cash Flows from Financing Activities:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Proceeds from issuance of common stock, net of related costs</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>9,284</font></td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Payments on loans and capital lease obligations</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>(29,755</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Acquisition of treasury stock</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>(25,101</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Net cash provided by financing activities</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>(25,101</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>(20,471</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left><font size=2>Net Increase (Decrease) in Cash and Cash Equivalents</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>443,325</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>(216,741</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Cash and Cash Equivalents, Beginning</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>348,757</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>399,948</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left><font size=2>Cash and Cash Equivalents, Ending</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="98"><font size=2>792,082</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="97"><font size=2>183,207</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=3 color="#000000"> </td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=3 color="#000000"> </td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Non-Cash Investing and Financing Activities:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Accounts receivable exchanges as partial consideration for product <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;line acquisition</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="98"><font size=2>133,439</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;<font size=2>Obligations as partial consideration for Product Rights<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;acquisition</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="98"><font size=2>125,000</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Acquisition of investment in non-cash securities through merger of <br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;subsidiary</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="98"><font size=2>40,931</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="97"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Supplemental Disclosure for Cash Flow Information:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Cash paid for interest</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="97"><font size=2>25,307</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td>
<td align=center valign=top colspan="2"> <HR noshade align=center width="100%" size=1 color="#000000"> </td>
<td width="8"></td> </tr> </table> <br> <p align=center><font size=2>See notes to condensed consolidated financial statements.</font></p> <CENTER> </CENTER>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <font size=2> </font> <p align=center><b><font SIZE=2>AMERICAN ACCESS TECHNOLOGIES, INC. AND SUBSIDIARIES</font></b><br><b><font SIZE=2>NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</font></b><br><b><font
size=2>September 30, 2002 Unaudited</font></b></p> <p align=left><b><font size=2>1.</font></b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><font size=2>Basis of Presentation</font></b></p> <p align=left><font size=2>The accompanying unaudited
consolidated condensed financial statements at September 30, 2002 have been prepared in accordance with accounting principles generally accepted in the United States 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 September 30, 2002 and results of operations for nine and three months ended September 30, 2002 and 2001. 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. Certain information and footnote disclosures normally included in the financial statements
prepared in accordance with generally accepted accounting principles have been condensed or omitted. The statements should be read in conjunction with the consolidated financial statements and footnotes thereto for the year ended December 31, 2001
included in the Company&#146;s Form 10-KSB. </font></p> <p align=left><b><font size=2>2.</font></b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><font size=2>Net Loss Per Common Share</font></b></p> <p align=left><font size=2>The Company follows
Statement of Financial Accounting Standards (SFAS) No. 128, &#147;Earnings per Share&#148; which requires the presentation of both basic and diluted earnings (loss) per share.</font></p> <p align=left><font size=2>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 net loss per share is reflected in the
following schedule:</font></p>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td valign=bottom align=Left><b><font size=1>Computation of Net Loss</font></b><b><font size=1>Per Common Share</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="98" colspan="2"><b><font size=1>Nine Months ended</font></b><br><b><font size=1>September 30, 2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="98" colspan="2"><b><font size=1>Nine Months ended</font></b><br><b><font size=1>September 30, 2001</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="102" colspan="2"><b><font size=1>Three Months ended</font></b><br><b><font size=1>September 30, 2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="102" colspan="2"><b><font size=1>Three Months ended</font></b><br><b><font size=1>September 30, 2001</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td valign=bottom align=Left bgcolor="#CCEEFF"><font size=2>Net Income (Loss)</font></td>
<td width="8" bgcolor="#CCEEFF">&nbsp;</td>
<td valign=bottom width="4" bgcolor="#CCEEFF"><font size=2>$</font></td>
<td align=right valign=bottom width="94" bgcolor="#CCEEFF"><font size=2>(1,033,704</font></td>
<td valign=bottom width="17" bgcolor="#CCEEFF"><font size=2>)</font></td>
<td valign=bottom width="4" bgcolor="#CCEEFF"><font size=2>$</font></td>
<td align=right valign=bottom width="94" bgcolor="#CCEEFF"><font size=2>(1,055,903</font></td>
<td valign=bottom width="17" bgcolor="#CCEEFF"><font size=2>)</font></td>
<td valign=bottom width="4" bgcolor="#CCEEFF"><font size=2>$</font></td>
<td align=right valign=bottom width="98" bgcolor="#CCEEFF"><font size=2>(434,164</font></td>
<td valign=bottom width="17" bgcolor="#CCEEFF"><font size=2>)</font></td>
<td valign=bottom width="4" bgcolor="#CCEEFF"><font size=2>$</font></td>
<td align=right valign=bottom width="98" bgcolor="#CCEEFF"><font size=2>(172,672</font></td>
<td valign=bottom width="17" bgcolor="#CCEEFF"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td valign=bottom align=Left><font size=2>Total Weighted Average <br>&nbsp;&nbsp;&nbsp;&nbsp;Number of Common Shares <br>&nbsp;&nbsp;&nbsp;&nbsp;and Equivalents</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>5,860,012</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="94"><font size=2>4,630,480</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>5,848,612</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="98"><font size=2>4,530,347</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td valign=bottom align=Left bgcolor="#CCEEFF"><font size=2>Net Loss per Common Share</font></td>
<td width="8" bgcolor="#CCEEFF">&nbsp;</td>
<td valign=bottom width="4" bgcolor="#CCEEFF"><font size=2>$</font></td>
<td align=right valign=bottom width="94" bgcolor="#CCEEFF"><font size=2>(0.18</font></td>
<td valign=bottom width="17" bgcolor="#CCEEFF"><font size=2>)</font></td>
<td valign=bottom width="4" bgcolor="#CCEEFF"><font size=2>$</font></td>
<td align=right valign=bottom width="94" bgcolor="#CCEEFF"><font size=2>(0.23</font></td>
<td valign=bottom width="17" bgcolor="#CCEEFF"><font size=2>)</font></td>
<td valign=bottom width="4" bgcolor="#CCEEFF"><font size=2>$</font></td>
<td align=right valign=bottom width="98" bgcolor="#CCEEFF"><font size=2>(0.07</font></td>
<td valign=bottom width="17" bgcolor="#CCEEFF"><font size=2>)</font></td>
<td valign=bottom width="4" bgcolor="#CCEEFF"><font size=2>$</font></td>
<td align=right valign=bottom width="98" bgcolor="#CCEEFF"><font size=2>(0.04</font></td>
<td valign=bottom width="17" bgcolor="#CCEEFF"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td> </tr></table><br> <font
size=2>&nbsp;</font>
<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <font size=2> </font> <p align=left><b><font size=2>3.</font></b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><font size=2>Notes Receivable Related Party</font></b></p> <p align=left><font size=2>The Company has had
outstanding loans since May/June 2000 to two directors, who also are officer-employees of American Access or its subsidiaries, and who secured the loans with personal assets unrelated to these transactions for $85,000 and $70,000 respectively. The
notes are due on or before June 30, 2003 with interest at the rate of 10 percent paid in arrears. </font></p> <p align=left><b><font size=2>4.</font></b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><font size=2>Stock-Based
Compensation</font></b></p> <p align=left><b><font size=2>Stock Options</font></b></p> <p align=left><font size=2>On July 1, 2002, the directors&#146; renewed the 2000 stock option plans for directors and officers/employees, granting 820,000 stock
options pending approval by stockholders at the next annual meeting tentatively scheduled for April/May 2003. The purpose of the Plan is to advance the interests of the Company and its shareholders by providing a means to attract, retain and reward
employees (including employees who may be directors and officers), independent contractors and consultants of the Company and its subsidiaries with an added incentive to provide their services to the Company and to induce them to exert their maximum
efforts towards the Company&#146;s success. The exercise price of $0.78 was calculated by taking the average closing price of the previous 90 days and then adding a 25% premium. </font></p> <p align=left><b><font size=2>Warrants</font></b></p> <p
align=left><font size=2>On July 1, 2002, the Company issued 10,000 stock warrants each to its three commissioned salesmen. The purpose of the warrants granted was to reward our independent salesmen with an added incentive to provide their services
to the Company and to induce them to exert their maximum efforts towards the Company&#146;s success. The exercise price of $0.78 was calculated by taking the average closing price of the previous 90 days and then adding a 25% premium. </font></p> <p
align=left><font size=2>On July 23, 2002, the Company issued 40,000 3-year warrants pursuant to a settlement agreement in 1998 to a former officer/director. The exercise price is $0.69.</font></p> <p align=left><font size=2>The granting of stock or
warrants to consultants resulted in a charge to stock based compensation in the amount of approximately $21,000 in the third quarter 2002 representing the fair value of the 220,000 warrants issued in 2001, which were and are being amortized and
expensed in 2001- 2002; 125,000 warrants issued in the first quarter of 2002 and 20,000 warrants/options issued in the second quarter of 2002, which are being amortized and expensed in 2002 and 70,000 warrants issued in the third quarter of 2002,
which are being amortized and expensed in 2002-2003. </font></p> <CENTER> </CENTER>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <font size=2> </font> <p align=left><b><font size=2>Fair Value Disclosures</font></b></p> <p align=left><font size=2>Had the compensation cost for the 820,000 stock options granted to employees/officers/directors in
the third quarter 2002, the 650,000 stock options issued to officers/directors in the second quarter 2002, the 765,370 stock options issued to officers/directors in the second quarter 2001 and an additional 213,333 warrants issued in the first
quarter 2001 for services rendered to zonecabling.com, been determined based on the fair value at the grant date consistent with SFAS No. 123, the Company&#146;s net loss and loss per share would have been as follows:</font></p>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="100" colspan="2"><b><font size=1>Nine Months Ended</font></b><br><b><font size=1>September 30, 2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="100" colspan="2"><b><font size=1>Nine Months Ended</font></b><br><b><font size=1>September 30, 2001</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="104" colspan="2"><b><font size=1>Three Months Ended</font></b><br><b><font size=1>September 30, 2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="104" colspan="2"><b><font size=1>Three Months Ended</font></b><br><b><font size=1>September 30, 2001</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Net Loss:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>As reported</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="96"><font size=2>(1,033,704</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="96"><font size=2>(1,055,903</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="100"><font size=2>(434,164</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="100"><font size=2>(172,672</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Pro forma</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="96"><font size=2>(1,252,461</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="96"><font size=2>(1,747,579</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="100"><font size=2>(530,659</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="100"><font size=2>(750,806</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=3 color="#000000"></td>
<td width="8"></td> </tr>
<tr bgcolor="#cceeff">
<td valign=bottom align=Left><font size=2>Loss Per Share:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;<font size=2>Basic:</font></td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td>
<td width="4">&nbsp;</td>
<td>&nbsp;</td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#cceeff">
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>As reported</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="96"><font size=2>(0.18</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="96"><font size=2>(0.23</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="100"><font size=2>(0.07</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="100"><font size=2>(0.04</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td valign=bottom align=Left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Pro forma</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="96"><font size=2>(0.21</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="96"><font size=2>(0.38</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="100"><font size=2>(0.09</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4"><font size=2>$</font></td>
<td align=right valign=bottom width="100"><font size=2>(0.17</font></td>
<td valign=bottom width="17"><font size=2>)</font></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td align=center valign=top colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr></table><br> <p align=left><font size=2>The Company used the Black-Scholes option pricing model to determine the fair value of grants made in the nine and three months ended September 30, 2002 and 2001, respectively. The
following assumptions were applied in determining the pro forma compensation cost:</font></p>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="100" colspan="2"><b><font size=1>Nine Months Ended</font></b><br><b><font size=1>September 30, 2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="100" colspan="2"><b><font size=1>Nine Months Ended</font></b><br><b><font size=1>September 30, 2001</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="104" colspan="2"><b><font size=1>Three Months Ended</font></b><br><b><font size=1>September 30, 2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="104" colspan="2"><b><font size=1>Three Months Ended</font></b><br><b><font size=1>September 30, 2001</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr BGCOLOR="#CCEEFF">
<td valign=bottom align=Left><font size=2>RiskFree Interest Rate</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="96"><font size=2>4.99%-5.5</font></td>
<td valign=bottom width="16"><font size=2>%</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="96"><font size=2>5.5</font></td>
<td valign=bottom width="16"><font size=2>%</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="100"><font size=2>4.99%-5.5</font></td>
<td valign=bottom width="17"><font size=2>%</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="100"><font size=2>5.5</font></td>
<td valign=bottom width="17"><font size=2>%</font></td> </tr>
<tr>
<td valign=bottom align=Left><font size=2>Expected Dividend Yield</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="96"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="96"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="100"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="100"><font size=2>&#151;</font></td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#CCEEFF">
<td valign=bottom align=Left><font size=2>Expected Option Life</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="96"><font size=2>1.25-2.5 years</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="96"><font size=2>1.0-2.5 years</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="100"><font size=2>1.25-2.5 years</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="100"><font size=2>1.0-2.5 years</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left><font size=2>Expected Stock Price Volatility</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="96"><font size=2>122-131</font></td>
<td valign=bottom width="16"><font size=2>%</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="96"><font size=2>122-133</font></td>
<td valign=bottom width="16"><font size=2>%</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="100"><font size=2>122-131</font></td>
<td valign=bottom width="17"><font size=2>%</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="100"><font size=2>126%-133</font></td>
<td valign=bottom width="17"><font size=2>%</font></td> </tr></table><br> <p align=left><font size=2>&nbsp;</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <font size=2> </font> <p align=left><b><font size=2>5.</font></b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><font size=2>Subsequent Events</font></b></p> <p align=left><font size=2>On October 1, 2002, the Company
amended the agreement for the purchase of the products rights to the Eclipse Air Cleansing System with Bill Sherer Corporation and Bill Sherer that was entered into on January 11, 2002. The Company will pay $25,000 in cash over the next
five</font><b><font size=2></font></b><font size=2>quarters ($125,000 in total) commencing November 1, 2002 in addition to the previous one-time cash payment of $50,000 and forgiveness of approximately $133,000 in outstanding accounts receivable. In
exchange for the cash payments, the Company will not issue $500,000 of restricted American Access Common Stock plus 5% interest earned which was also payable in stock that, pursuant to the original agreement, could have been requested at any time
after January 11, 2003. The amendment reduces the purchase price of the product rights by $375,000 to a total of $308,000. The reduction in the purchase price and the remaining outstanding liability has been reflected in the accompanying condensed
consolidated September 30, 2002 Balance Sheet. </font></p> <p align=left><font size=2>The Agreement and Plan of Merger with iBid America, Inc. was terminated on</font><b><font size=2></font></b><font size=2>October 22,</font><b><font
size=2></font></b><font size=2>2002 by mutual agreement. On June 14, 2002, and as amended on June 28, 2002, our wholly-owned subsidiary Zonecabling.com, Inc. entered into an Agreement and Plan of Merger with iBid America, Inc., of Pompano Beach,
Florida, in which Zonecabling was to merge into iBid America. In exchange for all the outstanding shares of Zonecabling.com, Inc., we were to receive 750,000 shares in the surviving company, to be named iBid International, Inc. Management is
considering a future course of action regarding Zonecabling.com, Inc., including seeking the immediate return of control of the operations and remaining assets.</font></p>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td valign=top width="60"><b><font SIZE=2>ITEM&nbsp;2.</font></b></td>
<td valign=top><b><font SIZE=2>MANAGEMENT&#146;S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION</font></b></td></tr></table><br> <p align=left><font size=2>The following discussion should be read in conjunction with the
financial statements and notes thereto included elsewhere in this Form 10-QSB and our Form 10-KSB for the year ended December 31, 2001. Historical results and percentage relationships set forth in the statement of operations, including trends that
might appear, are not necessarily indicative of future operations.</font></p> <p align=left><b><font size=2>Forward-Looking Statements</font></b></p> <p align=left><font size=2>Except for historical and factual information, this document contains
&#147;forward-looking statements&#148; within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements that address activities, events or developments that we expect, believe or
anticipate will or may occur in the future, such as predictions of future financial performance. All forward-looking statements are based on assumptions made by us based on our experience and perception of historical trends, current conditions,
expected future developments and other factors we believe are appropriate</font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <p align=left><font size=2>under the circumstances. These statements are subject to numerous risks and uncertainties, many of which are beyond our control, including our ability to maintain key products&#146; sales or
effectively react to other risks described from time to time in our SEC filings. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information, future events or otherwise.</font></p> <p align=left><b><font SIZE=2>BUSINESS</font></b></p> <p align=left><font size=2>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 advances in high-speed communications networks. Our ceiling and raised floor
cabinets, our systems furniture panels, and our wireless solution can save up to 60% - 70% of the cost to reconfigure office and school data centers and networks by eliminating excessive wiring and rewiring in traditional home run
arrangements.</font></p> <p align=left><font size=2>Our wholly-owned subsidiary, Omega Metals, Inc., continues to manufacture our zone cabling cabinets along with other metal fabricating jobs, ensuring quality and cost control. We have the ability
to punch and stamp metal. In addition, we have extensive powder coat capability at our plant.</font></p> <p align=left><font size=2>We have entered into private labeling agreements with several top manufacturers in the communications industry, for
which we design products to their specifications, serving as an Original Equipment Manufacturer, or &#147;private label&#148; our standard and modified products to suit these customers&#146; needs. Our wireless solution, added to our product line in
2001, has generated great interest in the commercial marketplace. American Access is approved as a vendor for government services contracts. As an approved vendor, we are able to sell our products for network applications at the federal level.
</font></p> <p align=left><font size=2>The Company is a member of the Telecommunications Industry Association, and we have committed to working on its subcommittees that study zone cabling solutions. The TIA sets telecommunications industry
standards. </font></p> <p align=left><font size=2>Our independent sales contractors market our zone cabling products and other metal fabricating jobs when the opportunity arises. The three sales agents have extensive backgrounds selling in the
telecommunications industry. </font></p> <p align=left><font size=2>Our Advisory Board members continue to assist us to introduce the Company&#146;s zone cabling products to help establish a niche in the marketplace, they are available to assist us
in evaluating joint ventures, pending and future private label agreements, and possible future acquisitions and mergers. Members may also review public relations and marketing materials, make presentations, suggest improvements to business
procedures, and advise the Company on products, industry customs and trends.</font></p> <CENTER><font size=2>&nbsp;</font></CENTER>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <p align=center><b><font SIZE=2>THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2002</font></b><br><b><font SIZE=2>COMPARED WITH THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2001</font></b></p> <p align=left><b><font
SIZE=2>REVENUES</font></b></p>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="209" colspan="8"><b><font size=1>Three Months Ended September 30,</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="222" colspan="8"><b><font size=1>Nine Months Ended September 30,</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="8"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="8"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="63" colspan="2"><b><font size=1>2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="56" colspan="2"><b><font size=1>2001</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="56" colspan="2"><b><font size=1>% change</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="63" colspan="2"><b><font size=1>2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="63" colspan="2"><b><font size=1>2001</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="56" colspan="2"><b><font size=1>% change</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr BGCOLOR="#CCEEFF">
<td valign=bottom align=Left><font size=2>Total</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>1,241,381</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>776,870</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>59.8</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>3,593,767</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>2,950,994</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>21.8</font></td>
<td width="8">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=Left><font size=2>Zone cabling</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>513,740</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>197,366</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>160.3</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>1,318,607</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>924,445</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>42.6</font></td>
<td width="8">&nbsp;</td> </tr>
<tr BGCOLOR="#CCEEFF">
<td valign=bottom align=Left><font size=2>Formed metal</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>727,641</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>579,504</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>25.6</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>2,275,160</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>2,026,549</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>12.3</font></td>
<td width="8">&nbsp;</td> </tr></table><br> <p align=left><font size=2>This increase in revenues is the result of an increasing acceptance of our patented zone cabling enclosures. Sales have also increased for our ultraviolet light air cleanser and
our powder coat line.</font></p> <p align=left><b><font SIZE=2>COSTS AND EXPENSES</font></b></p> <p align=left><font size=2>Direct costs represent costs incurred by the Company to have its products manufactured and assembled. These costs represent
53.3 % of revenues for the three months ended September 30, 2002 and 58.9% of revenues for the three months ended September 30, 2001. Direct costs represent 52.0% of revenues for the nine months ended September 30, 2002 and 52.8 % of revenues for
the nine months ended September 30, 2001. In the third quarter the composition of jobs was more favorable than in the recent past, which resulted in a decrease in costs. </font></p>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <p align=left><b><font size=2>Selling, General and Administrative:</font></b></p>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="207" colspan="8"><b><font size=1>Three Months Ended September 30,</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="221" colspan="8"><b><font size=1>Nine Months Ended September 30,</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="8"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="8"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="59" colspan="2"><b><font size=1>2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="55" colspan="2"><b><font size=1>2001</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="56" colspan="2"><b><font size=1>% change</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="63" colspan="2"><b><font size=1>2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="63" colspan="2"><b><font size=1>2001</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="56" colspan="2"><b><font size=1>% change</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr BGCOLOR="#CCEEFF">
<td valign=bottom align=Left><font size=2>&nbsp;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="55"><font size=2>960,523</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="51"><font size=2>658,255</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>45.9</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>2,669,025</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>2,197,425</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>21.5</font></td>
<td width="8">&nbsp;</td> </tr></table><br> <p align=left><font size=2>The increases from the 2001 levels are primarily the results of the amortization charge of the UV light product rights acquisition (approximately $161,000 for the year 2002), a
one time charge for the buy out of our Lake Mary lease (approximately $34,000) and the increase in our allowance for bad debts ($163,000 in the third quarter 2002). These increases were partially offset by decreases in some expense categories as a
result of our cost containment measures. The provision for uncollectible accounts increased $163,000 over the past quarter due to receivables growth and a recent increase in charge-off trends, relating in part to a few of our customers ceasing
operations in the past year.</font></p> <p align=left><b><font SIZE=2>INCOME (LOSS) FROM OPERATIONS</font></b></p>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="207" colspan="8"><b><font size=1>Three Months Ended September 30,</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="221" colspan="8"><b><font size=1>Nine Months Ended September 30,</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="8"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="8"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="59" colspan="2"><b><font size=1>2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="55" colspan="2"><b><font size=1>2001</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="56" colspan="2"><b><font size=1>% change</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="63" colspan="2"><b><font size=1>2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="63" colspan="2"><b><font size=1>2001</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="56" colspan="2"><b><font size=1>% change</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr BGCOLOR="#CCEEFF">
<td valign=bottom align=Left><font size=2>&nbsp;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="55"><font size=2>(401,283</font></td>
<td valign=bottom width="18"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="51"><font size=2>(402,910</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>0.4</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>(1,041,510</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>(1,078,224</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>3.4</font></td>
<td width="8">&nbsp;</td> </tr></table><br> <p align=left><b><font SIZE=2>NET INCOME (LOSS)</font></b></p>
<table width="100%" cellspacing=0 cellpadding=0>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="207" colspan="8"><b><font size=1>Three Months Ended September 30,</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="221" colspan="8"><b><font size=1>Nine Months Ended September 30,</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="8"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="8"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td align=center valign=bottom width="59" colspan="2"><b><font size=1>2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="55" colspan="2"><b><font size=1>2001</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="56" colspan="2"><b><font size=1>% change</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="63" colspan="2"><b><font size=1>2002</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="63" colspan="2"><b><font size=1>2001</font></b></td>
<td width="8"></td>
<td align=center valign=bottom width="56" colspan="2"><b><font size=1>% change</font></b></td>
<td width="8"></td> </tr>
<tr>
<td></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td>
<td colspan="2"><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="8"></td> </tr>
<tr BGCOLOR="#CCEEFF">
<td valign=bottom align=Left><font size=2>&nbsp;</font></td>
<td width="8">&nbsp;</td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="55"><font size=2>(434,164</font></td>
<td valign=bottom width="18"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="51"><font size=2>(172,672</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>(151.4</font></td>
<td valign=bottom width="16"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>(1,033,704</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="59"><font size=2>(1,055,903</font></td>
<td valign=bottom width="17"><font size=2>)</font></td>
<td valign=bottom width="4">&nbsp;</td>
<td align=right valign=bottom width="52"><font size=2>2.1</font></td>
<td width="8">&nbsp;</td> </tr></table><br> <p align=left><b><font SIZE=2>LIQUIDITY AND CAPITAL RESOURCES</font></b></p> <p align=left><font size=2>The Company&#146;s operating activities utilized cash of $453,836 during the nine months ended
September 30, 2002 as compared to utilizing cash of $192,391 during the nine months ended September 30, 2001. We purchased approximately $500,000 in additional equipment to expand and enhance our metal fabrication capabilities in 2002 and
thereafter.</font></p> <p align=left><font size=2>We believe that the Company has sufficient capital to meet our needs through 2002. Any additional capital needs that may arise can be met through private placement, or borrowings, including bank
borrowing and private equity lines, in view of the nature of our customer base. Since our 67,500 sq. ft. plant is unencumbered, we also have the potential to mortgage it to raise capital.</font></p> <CENTER><font size=2>&nbsp;</font></CENTER>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <font size=2> </font> <p align=left><font size=2>Management&#146;s plans include the following:</font></p> <p align=left><font size=2>Despite the languishing economy, the Company continues to move toward profitability
by reducing costs and increasing sales in four key areas: our zone cabling products, our powder coating operations, metal fabrication and our recently acquired Ultraviolet Light Air Cleansing System. Our private label agreements continue to provide
an avenue for increased sales for both zone enclosures and metal fabrication. We also continue to seek merger and acquisition candidates as a viable means of growth, as exemplified by our acquisition of the Ultraviolet Light Air Cleansing System in
January 2002.</font></p> <p align=left><font size=2>Our marketing plan continues to target profitability for the last quarter in 2002. To accomplish profitability, we are intensifying our sales and cost management efforts in these key
areas:</font></p>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td width="39">&nbsp;</td>
<td valign=top width="20"><font size=4><b>&#149;</b></font></td>
<td width="19">&nbsp;</td>
<td valign=top><div style='margin-top:2pt'><u><font size=2>Assist our Zone Cabling and Wireless Enclosure Private Label Partners and Promote at Industry Trade Shows</font></u><font size=2>: We have signed private label agreements and through our
sales network continue to service our OEM partners in any way possible: support sales, assist with the design of new products and manufacture the products. Management&#146;s plan is to promote steady, measured growth in both product and
manufacturing sales. Building strong sales requires a solid foundation, and we consider private label partnerships our foundation for increased sales. In October 2002, we received the largest single order for zone cabling enclosures totaling
$260,000. The Company was also happy to accept an invitation to speak at the January 2003 BICSI Show held in Orlando, Florida. Hosting several conferences each year, BICSI, Building Industry Consulting ServicesInternational, is the definitive
authority that sets standards and specifications for structured cabling throughout the world. </font></div></td></tr></table><br>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td width="39">&nbsp;</td>
<td valign=top width="20"><font size=4><b>&#149;</b></font></td>
<td width="19">&nbsp;</td>
<td valign=top><div style='margin-top:2pt'><u><font size=2>Increase Sales for Metal Fabricating</font></u><font size=2>: Our sales agents, who professionally market our zone cabling cabinets, are also approaching systems providers for other metal
fabricating jobs they may require and that our subsidiary, Omega Metals, can provide. Additionally, we have replaced some of our sheet metal customers that ceased operations with two, large northern accounts. We are quoting more, but smaller jobs,
building our customer base without detrimental reliance on any one large customer.</font></div></td></tr></table><br>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td width="39">&nbsp;</td>
<td valign=top width="20"><font size=4><b>&#149;</b></font></td>
<td width="19">&nbsp;</td>
<td valign=top><div style='margin-top:2pt'><u><font size=2>Enlist Distributors for the Eclipse Ultraviolet Light Air Cleansing System</font></u><font size=2>: We acquired the product rights to the Eclipse in January 2002, and sales continue to grow
for this line. We believe sales should be driven through distributors that target HVAC contractors. We have negotiated two agreements with leading distributors in this field. Another method being utilized to market to homeowners will be through a
national shop-at-home television network, both on a local and national level. Additionally, with growing concern about toxic mold in the workplace, we are manufacturing a commercial unit.</font></div></td></tr></table><br>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td width="39">&nbsp;</td>
<td valign=top width="20"><font size=4><b>&#149;</b></font></td>
<td width="19">&nbsp;</td>
<td valign=top><div style='margin-top:2pt'><u><font size=2>Renew Interest in Powder Coating</font></u><font size=2>: Our powder coating facility has been underutilized </font></div></td></tr></table><br> <CENTER> </CENTER>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <font size=2> </font>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td width="78">&nbsp;</td>
<td valign=top><font size=2>until recently. We offer our private label customers the opportunity to have our proprietary cabinets finished by this process. We also have secured a long-term contract for the process, as well as numerous jobs from
nationwide and international customers. Commitments for powder coating in the last two quarters of 2002 exceed the past trend in these jobs.</font></td></tr></table><br>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td width="39">&nbsp;</td>
<td valign=top width="20"><font size=4><b>&#149;</b></font></td>
<td width="19">&nbsp;</td>
<td valign=top> <div style='margin-top:2pt'><u><font size=2>Pare Costs by Constant Evaluation of Expenses</font></u><font size=2>: In the third quarter, we closed our Lake Mary offices at a cost savings of approximately $45,000 per quarter. In
addition, the amended Ultraviolet Light Air Cleansing agreement will reduce our amortization expense by $45,000 per quarter commencing in the fourth quarter 2002. We continue to monitor head count to make sure our work force remains optimum for
productivity. We employ a proactive instead of a reactive attitude toward economic changes that affect our business.</font></div> </td></tr></table><br> <p align=left><b><font SIZE=2>RISK FACTORS</font></b></p> <p align=left><font size=2>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. In addition, at February 14, 2002, the price of the Company&#146;s common stock had closed below the Nasdaq minimum required $1.00 per share for the prior 30 consecutive days. Continued listing standards for Nasdaq require that we must
regain compliance and trade above $1.00 for ten (10) consecutive days prior to February 11, 2003 or, when viewed with other requirements, we risk being delisted from the Nasdaq Small Cap Market.</font></p> <p align=left><font
size="2"><b>LEGAL</b></font></p> <p align=left><font size="2">We are involved in legal proceedings of various types in the ordinary course of business. While any such litigation to which we are a party contains an element of uncertainty, we
presently believe that the outcome of each such proceeding or claim which is pending or known to be threatened, or all of them combined, will not have a material adverse effect on our consolidated financial position or results of
operations.</font></p>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td valign=top width="60"><b><font SIZE=2>ITEM 3. </font></b></td>
<td valign=top><b><font SIZE=2>CONTROLS AND PROCEDURES </font></b></td></tr></table><br> <p align=left><font size=2>(a) Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial
Officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule&nbsp;13a-14(c) promulgated under the Securities Exchange Act of 1934, as amended (the </font><i><font size=2>&#147;Exchange
Act&#148;</font></i><font size=2>), within 90&nbsp;days of the filing date of this report. Based on their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that the Company&#146;s disclosure controls and procedures are
effective. </font></p> <p align=left><font size=2>(b) There have been no significant changes (including corrective actions with regard to significant deficiencies or material weaknesses) in our internal controls or in other factors that could
significantly affect these controls subsequent to the date of the evaluation referenced in paragraph&nbsp;(a) above. </font></p> <CENTER> </CENTER>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <font size=2> </font> <p align=center><b><font SIZE=2>PART II. OTHER INFORMATION</font></b></p>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td valign=top width="60"><b><font SIZE=2>ITEM 6.</font></b></td>
<td valign=top><b><font SIZE=2>EXHIBITS AND REPORTS ON FORM 8-K</font></b></td></tr></table><br>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td width="39">&nbsp;</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>(a)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Exhibits:</font></td></tr></table><br>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td width="117">&nbsp;</td>
<td valign=top></td>
<td valign=top><font size=2>99.1 Written Statement of the Chief Executive Officer</font></td></tr></table><br>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td width="117">&nbsp;</td>
<td valign=top></td>
<td valign=top><font size=2>99.2 Written Statement of the Chief Financial Officer</font></td></tr></table><br>
<table width="100%" cellspacing=0 cellpadding=0 border=0>
<tr>
<td width="39">&nbsp;</td>
<td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>(b)</font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Reports on Form 8-k: None</font></td></tr></table><br> <p align=center><b><font SIZE=2>SIGNATURES</font></b></p> <p
align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>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.</font></p> <p align=left><font size=2>Date: November 7, 2002</font></p>
<table cellspacing=0 cellpadding=0 align=center>
<tr>
<td valign=bottom align=left width="306"></td>
<td width="48">&nbsp;</td>
<td valign=bottom align=center width="273" colspan="2"><font SIZE=2>AMERICAN ACCESS TECHNOLOGIES, INC.</font><br><font size=2>(Registrant)</font></td> </tr>
<tr>
<td valign=bottom align=left width="306"><br></td>
<td width="48">&nbsp;</td>
<td valign=bottom align=left width="25"><font size=2>By:&nbsp;</font></td>
<td valign=bottom align=left width="248"><br><font size=2>/s/ J</font><font SIZE=1>OHN </font><font SIZE=2>E</font><font size=1>. </font><font SIZE=2>P</font><font SIZE=1>RESLEY</font></td> </tr>
<tr>
<td width="4"></td>
<td width="4"></td>
<td width="4"></td>
<td align=center valign=top ><HR noshade align=center width="100%" size=1 color="#000000"></td> </tr>
<tr>
<td width="306">&nbsp;</td>
<td width="48">&nbsp;</td>
<td width="25">&nbsp;</td>
<td valign=bottom align=left width="248"><b><font size=1>John E. Presley</font></b><br><b><font size=1>President &amp; Chief Executive Officer</font></b></td> </tr></table><br>
<table cellspacing=0 cellpadding=0 align=center>
<tr>
<td valign=bottom align=left width="306"></td>
<td width="48">&nbsp;</td>
<td width="273" colspan="2">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=left width="306"><br></td>
<td width="48">&nbsp;</td>
<td valign=bottom align=left width="25"><font size=2>By:&nbsp;</font></td>
<td valign=bottom align=left width="248"><br><font size=2>/s/ J</font><font SIZE=1>OSEPH </font><font SIZE=2>F</font><font size=1>. </font><font SIZE=2>M</font><font SIZE=1>C</font><font SIZE=2>G</font><font SIZE=1>UIRE</font></td> </tr>
<tr>
<td width="4"></td>
<td width="4"></td>
<td width="4"></td>
<td align=center valign=top ><HR noshade align=center width="100%" size=1 color="#000000"></td> </tr>
<tr>
<td width="306">&nbsp;</td>
<td width="48">&nbsp;</td>
<td width="25">&nbsp;</td>
<td valign=bottom align=left width="248"><b><font size=1>Joseph F. McGuire</font></b><br><b><font size=1>Chief Financial Officer</font></b><br><b><font size=1>Treasurer &amp; Secretary</font></b></td> </tr></table><br> <CENTER><font
size=2>&nbsp;</font></CENTER>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <font size=2> </font> <p align=left><b><font SIZE=2>CERTIFICATIONS</font></b></p> <p align=left><font size=2>I, John E. Presley, certify that:</font></p> <p align=left><font size=2>1. I have reviewed this quarterly
report on Form 10-QSB of American Access Technologies, Inc.;</font></p> <p align=left><font size=2>2. Based on my knowledge, this quarterly report does not contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report; </font></p> <p align=left><font size=2>3. Based on my knowledge, the financial
statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this
quarterly report; </font></p> <p align=left><font size=2>4. The registrant&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-14 and
15d-14) for the</font><font size=2> registrant and we have:</font></p> <p align=left><font size=2>a) designed such disclosure controls and procedures to ensure that material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;</font></p> <p align=left><font size=2>b) evaluated the effectiveness of the registrant&#146;s
disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report (the &#147;Evaluation Date&#148;); and</font></p> <p align=left><font size=2>c) presented in this quarterly report our conclusions about
the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation Date;</font></p> <p align=left><font size=2>5. The registrant&#146;s other certifying officers and I have disclosed, based on our most recent
evaluation, to the registrant&#146;s auditors and the audit committee of registrant&#146;s board of directors (or persons performing the equivalent function):</font></p> <p align=left><font size=2>a) all significant deficiencies in the design or
operation of internal controls which could adversely affect the registrant&#146;s ability to record, process, summarize and report financial data and have identified for the registrant&#146;s auditors any material weaknesses in internal controls;
and</font></p> <p align=left><font size=2>b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal controls; and</font></p> <CENTER><font
size=2>&nbsp;</font></CENTER>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <font size=2> </font> <p align=left><font size=2>6. The registrant&#146;s other certifying officers and I have indicated in this quarterly report whether or not there were significant changes in internal controls or
in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.</font></p> <p align=left><font
size=2>Date: November 7, 2002</font></p>
<table cellspacing=0 cellpadding=0 align=center>
<tr>
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<td width="15">&nbsp;</td>
<td width="33">&nbsp;</td>
<td width="273">&nbsp;</td> </tr>
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<td valign=bottom align=left width="306"><br></td>
<td width="15">&nbsp;</td>
<td valign=bottom align=left width="33"><font size=2>&nbsp;</font></td>
<td valign=bottom align=left width="273"><br><font size=2>/s/ J</font><font SIZE=1>OHN </font><font SIZE=2>E</font><font size=1>. </font><font SIZE=2>P</font><font SIZE=1>RESLEY</font></td> </tr>
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<td align=center valign=top ><HR noshade align=center width="100%" size=1 color="#000000"></td> </tr>
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<td valign=bottom align=left width="273"><b><font size=1>John E. Presley</font></b><br><b><font size=1>President and Chief Executive Officer</font></b></td> </tr></table><br> <p align=left><font size=2>I, Joseph F. McGuire, certify that:</font></p>
<p align=left><font size=2>1. I have reviewed this quarterly report on Form 10-QSB of American Access Technologies, Inc.;</font></p> <p align=left><font size=2>2. Based on my knowledge, this quarterly report does not contain any untrue statement of
a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this quarterly report; </font></p> <p
align=left><font size=2>3. Based on my knowledge, the financial statements, and other financial information included in this quarterly report, fairly present in all material respects the financial condition, results of operations and cash flows of
the registrant as of, and for, the periods presented in this quarterly report; </font></p> <p align=left><font size=2>4. The registrant&#146;s other certifying officers and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the registrant and we have:</font></p> <p align=left><font size=2>a) designed such disclosure controls and procedures to ensure that material information relating to the registrant,
including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this quarterly report is being prepared;</font></p> <CENTER> </CENTER>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  <font size=2> </font> <p align=left><font size=2>b) evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures as of a date within 90 days prior to the filing date of this quarterly report
(the &#147;Evaluation Date&#148;); and</font></p> <p align=left><font size=2>c) presented in this quarterly report our conclusions about the effectiveness of the disclosure controls and procedures based on our evaluation as of the Evaluation
Date;</font></p> <p align=left><font size=2>5. The registrant&#146;s other certifying officers and I have disclosed, based on our most recent evaluation, to the registrant&#146;s auditors and the audit committee of registrant&#146;s board of
directors (or persons performing the equivalent function):</font></p> <p align=left><font size=2>a) all significant deficiencies in the design or operation of internal controls which could adversely affect the registrant&#146;s ability to record,
process, summarize and report financial data and have identified for the registrant&#146;s auditors any material weaknesses in internal controls; and</font></p> <p align=left><font size=2>b) any fraud, whether or not material, that involves
management or other employees who have a significant role in the registrant&#146;s internal controls; and</font></p> <p align=left><font size=2>6. The registrant&#146;s other certifying officers and I have indicated in this quarterly report whether
or not there were significant changes in internal controls or in other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant
deficiencies and material weaknesses.</font></p> <p align=left><font size=2>Date: November 7, 2002</font></p>
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<td width="15">&nbsp;</td>
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<td width="273">&nbsp;</td> </tr>
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<td valign=bottom align=left width="306"><br></td>
<td width="15">&nbsp;</td>
<td valign=bottom align=left width="33"><font size=2>&nbsp;</font></td>
<td valign=bottom align=left width="273"><br><font size=2>/s/ J</font><font SIZE=1>OSEPH </font><font SIZE=2>F</font><font size=1>. </font><font SIZE=2>M</font><font SIZE=1>C</font><font SIZE=2>G</font><font SIZE=1>UIRE</font></td> </tr>
<tr>
<td width="4"></td>
<td width="4"></td>
<td width="4"></td>
<td align=center valign=top ><HR noshade align=center width="100%" size=1 color="#000000"></td> </tr>
<tr>
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<td width="15">&nbsp;</td>
<td width="33">&nbsp;</td>
<td valign=bottom align=left width="273"><b><font size=1>Joseph F. McGuire</font></b><br><b><font size=1>Chief Financial Officer</font></b><br><b><font size=1>Treasurer &amp; Secretary</font></b></td> </tr></table><br> <CENTER><font
size=2>&nbsp;</font></CENTER>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>dex991.htm
<DESCRIPTION>CERTIFICATION OF PRESLEY
<TEXT>
<HTML><HEAD>
<TITLE>CERTIFICATION OF PRESLEY</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
  <font size=2> </font> <p align=right><b><font SIZE=2>Exhibit 99.1</font></b></p> <p align=center><b><font SIZE=2>WRITTEN STATEMENT OF THE CHIEF EXECUTIVE OFFICER</font></b></p> <p align=center><b><font size=2>PURSUANT
TO 18 U.S.C. ss. 1350</font></b></p> <p align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Solely for the purposes of complying with 18 U.S.C. ss. 1350, I, the undersigned Chief Executive Officer of American Access
Technologies, Inc. (the &#147;Company&#148;), hereby certify, based on my knowledge, that the Quarterly Report on Form 10-QSB of the Company for the quarter ended June 30, 2002 (the &#147;Report&#148;) fully complies with the requirements of Section
13(a) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p>
<table cellspacing=0 cellpadding=0 align=center>
<tr>
<td valign=bottom align=left width="306"></td>
<td width="15">&nbsp;</td>
<td width="33">&nbsp;</td>
<td width="273">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=left width="306"><br><font size=2>/s/ J</font><font SIZE=1>OHN </font><font SIZE=2>E</font><font size=1>. </font><font SIZE=2>P</font><font SIZE=1>RESLEY</font></td>
<td width="15">&nbsp;</td>
<td valign=bottom align=left width="33"><font size=2>&nbsp;</font></td>
<td valign=bottom align=left width="273"><br></td> </tr>
<tr>
<td align=center valign=top ><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="4"></td>
<td width="4"></td>
<td width="4"></td> </tr>
<tr>
<td valign=bottom align=left width="306"><b><font size=1>John E. Presley</font></b><br><b><font size=1>November 7, 2002</font></b></td>
<td width="15">&nbsp;</td>
<td width="33">&nbsp;</td>
<td width="273">&nbsp;</td> </tr></table><br> <CENTER><font size=2>&nbsp;</font></CENTER>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>dex992.htm
<DESCRIPTION>CERTIFICATION OF MCGUIRE
<TEXT>
<HTML><HEAD>
<TITLE>CERTIFICATION OF MCGUIRE</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
  <p align=right><b><font SIZE=2>Exhibit 99.2</font></b></p> <p align=center><b><font SIZE=2>WRITTEN STATEMENT OF THE CHIEF FINANCIAL OFFICER</font></b></p> <p align=center><b><font size=2>PURSUANT TO 18 U.S.C. ss.
1350</font></b></p> <p align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2>Solely for the purposes of complying with 18 U.S.C. ss. 1350, I, the undersigned Chief Financial Officer of American Access Technologies, Inc. (the
&#147;Company&#148;), hereby certify, based on my knowledge, that the Quarterly Report on Form 10-QSB of the Company for the quarter ended June 30, 2002, (the &#147;Report&#148;) fully complies with the requirements of Section 13(a) of the
Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.</font></p>
<table cellspacing=0 cellpadding=0 align=center>
<tr>
<td valign=bottom align=left width="306"></td>
<td width="15">&nbsp;</td>
<td width="33">&nbsp;</td>
<td width="273">&nbsp;</td> </tr>
<tr>
<td valign=bottom align=left width="306"><br><font size=2>/s/</font><font size=1>&nbsp;</font><font SIZE=2>J</font><font SIZE=1>OSEPH </font><font SIZE=2>F</font><font size=1>. </font><font SIZE=2>M</font><font SIZE=1>C</font><font
SIZE=2>G</font><font SIZE=1>UIRE</font></td>
<td width="15">&nbsp;</td>
<td valign=bottom align=left width="33"><font size=2>&nbsp;</font></td>
<td valign=bottom align=left width="273"><br></td> </tr>
<tr>
<td align=center valign=top ><HR noshade align=center width="100%" size=1 color="#000000"></td>
<td width="4"></td>
<td width="4"></td>
<td width="4"></td> </tr>
<tr>
<td valign=bottom align=left width="306"><b><font size=1>Joseph F. McGuire</font></b><br><b><font size=1>November 7, 2002</font></b></td>
<td width="15">&nbsp;</td>
<td width="33">&nbsp;</td>
<td width="273">&nbsp;</td> </tr></table><br> <CENTER><font size=2>&nbsp;</font></CENTER>
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</DOCUMENT>
</SEC-DOCUMENT>
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