[Graphic Omitted]                                                   Exhibit 99.1

FOR IMMEDIATE RELEASE

          ACCESS INTEGRATED TECHNOLOGIES COMPLETES $7.6 MILLION PRIVATE
                   FINANCING OF 4-YEAR CONVERTIBLE DEBENTURES

MORRISTOWN,  N.J. - FEBRUARY  10, 2005 - ACCESS  INTEGRATED  TECHNOLOGIES,  INC.
("ACCESSIT")  (AMEX:  AIX) today  announced that it has entered into  definitive
agreements with institutional  investors relating to a private financing of $7.6
million in the form of 4-year  Convertible  Debentures  bearing  interest at the
rate of 7  percent  per  year.  The  Debentures  will  convert  into  shares  of
ACCESSIT's  Class A common  stock at the  price of  $4.07  subject  to  possible
adjustments  from  time to time.  In  connection  with the  Debenture  offering,
AccessIT will issue  Warrants  exercisable  for up to 560,197  shares of Class A
common stock at an initial exercise price of $4.44,  subject to adjustments from
time to time. The Warrants may be exercised beginning on September 9, 2005 until
five  years  thereafter.  The  company  intends to use the net  proceeds  of the
private placement to complete the previously  announced purchase of the Pavilion
Theater in Brooklyn, New York and to provide working capital.

"With the completion of this financing, ACCESSIT will be able to take a historic
step forward by  purchasing  the  Pavilion  Theater  complex.  The Pavilion is a
unique  theater  and a valuable  asset.  We  anticipate  this  acquisition  will
generate revenues of up to $5 million per year and produce substantial cash flow
and to enable  ACCESSIT to showcase  its wide range of products and services for
the motion  picture  entertainment  industry,"  said Bud Mayo,  Chief  Executive
Officer of ACCESSIT.  "We look forward to having the ability to demonstrate  the
value to the industry,  of a state-of-the-art,  fully digitally equipped theater
and to completing the planned addition of a ninth screen by the seller."

The Debenture and Warrant offering will be made in a transaction exempt from the
registration  requirements  of the  Securities  Act of  1933,  as  amended  (the
"Securities  Act").  The  shares of Class A common  stock to be issued  upon any
conversion  of the  Debentures  or any  exercise of the  Warrants  have not been
registered under the Securities Act, or any state securities laws, and unless so
registered,  may not be offered or sold in the United States absent registration
or an applicable exemption from the registration  requirements of the Securities
Act and applicable state securities laws.

This press release does not constitute an offer to sell, or the  solicitation of
an offer to buy, any  securities,  nor shall there be any sale of the securities
in any jurisdiction in which such offering would be unlawful.

ACCESS INTEGRATED TECHNOLOGIES,  INC. (ACCESSIT) is an early mover in offering a
fully  managed  storage  and  delivery  service for owners and  distributors  of
digital  content to movie  theaters  and other  venues.  Supported by its robust
platform of fail-safe  Internet data  centers,  ACCESSIT is able to leverage the
market-leading  role of its Hollywood  Software  subsidiary  with the innovative
digital  delivery  capabilities of its Digital Media unit to provide the highest
level of technology  available to service the emerging  digital cinema industry.
For more information, visit our website at WWW.ACCESSITX.COM.


SAFE HARBOR STATEMENT
Investors and readers are cautioned  that certain  statements  contained in this
document,  as well as some  statements in periodic  press releases and some oral
statements  of ACCESSIT  officials  during  presentations  about  ACCESSIT,  are
"forward-looking"  statements  within  the  meaning  of the  Private  Securities
Litigation Reform Act of 1995 (the "Act").  Forward-looking  statements  include
statements  that are predictive in nature,  which depend upon or refer to future
events or  conditions,  which include  words such as  "expects",  "anticipates",
"intends",  "plans",  "could",  "might",  "believes",  "seeks",  "estimates"  or
similar  expressions.  In addition,  any statements  concerning future financial
performance  (including  future  revenues,  earnings or growth  rates),  ongoing
business  strategies or prospects,  and possible  future  actions,  which may be
provided  by  ACCESSIT's  management,  are also  forward-looking  statements  as
defined by the Act. Forward-looking statements are based on current expectations
and  projections   about  future  events  and  are  subject  to  various  risks,
uncertainties  and  assumptions  about ACCESSIT,  its  technology,  economic and
market factors and the  industries in which ACCESSIT does business,  among other
things.  These statements are not guarantees of future  performance and ACCESSIT
has no specific intention to update these statements.

                                      # # #

Contact:

Suzanne Tregenza                       Michael Glickman
ACCESSIT                               The Dilenschneider Group
55 Madison Avenue                      212.922.0900
Suite 300
Morristown, NJ  07960
973.290.0080
www.accessitx.com
