


                                                                    Exhibit 99.1
FOR IMMEDIATE RELEASE

    ACCESS INTEGRATED TECHNOLOGIES, INC. ANNOUNCES FISCAL 2005 FOURTH QUARTER
                              AND YEAR-END RESULTS

     - Revenue Growth Continues Driven by Both New and Existing Businesses -

MORRISTOWN,  N.J.  -  JUNE  27  2005  -  ACCESS  INTEGRATED  TECHNOLOGIES,  INC.
("ACCESSIT" OR THE "COMPANY")  (AMEX:  AIX) reported a 48% increase in revenues,
to a record  $10,651,000  for the fiscal year ended March 31, 2005. For the full
fiscal year, the company posted an EBITDA(1) (defined below) loss of $1,708,000,
an Adjusted  EBITDA loss  $1,205,000,  and a net loss of $6,788,000 or $0.70 per
diluted  share.  The net  loss  includes  non-cash  expenses  for  depreciation,
amortization and non-cash interest aggregating $4,824,000.

For the fourth quarter ended March 31, 2005, the company reported a 51% increase
in revenues to a record of $3,516,000.  EBITDA and Adjusted EBITDA in the fiscal
fourth quarter was a loss of $571,000, and a net loss of $2,801,000 or $0.27 per
basic and diluted share. The net loss for the quarter includes non-cash expenses
for deprecation, amortization, and non-cash interest totaling $1,942,000.

FOURTH FISCAL QUARTER AND FISCAL YEAR HIGHLIGHTS

o  Revenues  for the  fourth  quarter  increased  by  51%,  to  $3,516,000  from
   $2,329,000 in the  comparable  year ago period.  Revenues for the fiscal year
   ended  March 31,  2005  increased  to  $10,651,000,  compared  to revenues of
   $7,201,000  reported  in the year ago  period,  a 48%  increase.  Fiscal 2005
   fourth quarter and full-year  results included the revenue from the company's
   acquisition of  substantially  all the assets of FiberSat Global Services LLC
   in November 2004 and modest  positive  revenue impact from the acquisition of
   the Pavilion Movie  Theatre/Entertainment  Complex in February 2005,  late in
   the quarter.

o  EBITDA for the three and twelve  months  ended  March 31,  2005 was a loss of
   $571,000 and  $1,708,000  respectively,  compared to an EBITDA of $95,000 and
   $305,000 in the comparable  year ago periods,  respectively.  The decrease in
   EBITDA was primarily  due to increased  selling,  general and  administrative
   expenses  associated  with an overall higher  headcount and support  services
   related to the increased size of the company,  a doubtful accounts  provision
   established  in  September  2004  related to the  bankruptcy  of a large data
   center customer,  and increased research and development  expenses associated
   primarily  with the successful  development  of the  Theatrical  Distribution
   System  International  software  application.   Adjusted  EBITDA(1)  (defined
   below), which also excludes non-cash stock based compensation,  for the three
   and twelve  month  periods  ended March 31,  2005 was a loss of $571,000  and
   $1,205,000,  respectively,  compared to adjusted EBITDA $100,000 and $320,000
   in the comparable year ago periods, respectively.

o  Loss from operations in the March 2005 quarter increased to $1,886,000,  from
   a loss of $725,000 in the March 2004 quarter.  Loss from  operations  for the
   fiscal  year  ended  March  2005  increased  to  $5,700,000  from a  loss  of
   $2,505,000  reported in the year ended March 2004. The increased loss was due
   to the reasons referenced above in the EBITDA  discussion,  as well as higher
   depreciation and amortization resulting from our increased asset base.

o  Net loss  available to common  stockholders  for the three and twelve  months
   ended March 31, 2005  decreased to $2,801,000  and  $6,788,000,  respectively
   compared to losses of $2,472,000 and $6,613,000 in the year ago periods.  Net
   loss  available  to common  stockholders  in the three months ended March 31,
   2004 includes certain non-recurring, non-cash charges aggregating $1,547,000,
   including  one-time  non-cash interest expense accretion related to the March
   2004 exchange of notes  payable for Class A Common Stock and new  convertible
   notes and a loss on the early extinguishment of debt.

--------
(1) EBITDA is defined by the  Company to be  earnings  before  interest,  taxes,
depreciation   and   amortization,   and  other   income/(expense),   net,   and
non-recurring  items.  Adjusted  EBITDA is defined by the Company to be earnings
before interest, taxes,  depreciation and amortization,  other income/(expense),
net,  non-recurring  items, and non-cash  stock-based  compensation.  EBITDA and
Adjusted EBITDA are presented because management believes it provides additional
information  with  respect  to  the  performance  of  its  fundamental  business
activities.  A  reconciliation  of EBITDA to GAAP net income is  included in the
table attached to this release.  EBITDA is a measure of cash flow typically used
by many  investors,  but is not a measure of earnings as defined under Generally
Accepted Accounting Principles, and may be defined differently by others.

<PAGE>


o  On February  11, 2005,  the company  completed a  previously  announced  $7.6
   million private financing of 4-year  Convertible  Debentures.  The Debentures
   bear  interest  at the rate of 7 percent  per year and are  convertible  into
   shares of  ACCESSIT's  Class A common stock at the price of $4.07  subject to
   possible adjustments from time to time.

o  In addition,  in mid-February  2005, the Company completed the acquisition of
   the business  and assets of the  Pavilion.  The Pavilion  serves as a digital
   cinema  showcase for the company's  broad range of digital cinema  solutions,
   and following its recent  modernization,  is the country's  foremost  digital
   cinema complex, currently housing five state-of-the-art digital projectors, a
   satellite dish and central server with Theatre Command Center  software,  all
   in current use for paying  customers.  The purchase  price  consisted of $3.3
   million in cash and a $1.7 million 5-year note.

Bud Mayo, Chief Executive Officer of ACCESSIT,  stated,  "Fiscal 2005 was a year
of significant investment for ACCESSIT, the benefits of which are just beginning
to be reflected  in our  business.  Recent  product  introductions,  such as TDS
International and our hardware agnostic Theatre Command Center software systems,
greatly  expands  ACCESSIT`s  position as the only company  capable of combining
proven digital cinema technologies with real-world experience.  Our capabilities
now span the spectrum from global content scheduling, management, accounting and
delivery solutions for content owners through to theater  operations  management
for  exhibitors.  The year ahead will be an  exciting  one for  ACCESSIT  as the
number of theatres  converting to digital  dramatically  expands and the digital
cinema revolution gathers additional momentum."

CONFERENCE CALL NOTIFICATION
ACCESSIT will host a conference  call to discuss its financial  results at 10:30
a.m. EDT on Monday,  June 27, 2005.  The  conference  can be accessed by dialing
617.786.4514,  passcode  60047585 at least five minutes  before the start of the
call.  The  conference  call will  also be  webcast  simultaneously  and will be
accessible  via the web on ACCESSIT's Web site,  WWW.ACCESSITX.COM.  A replay of
the call will be available at 617-801-6888,  passcode  47952063 through Tuesday,
July 5, 2005.

ACCESS INTEGRATED TECHNOLOGIES,  INC. (ACCESSIT) is an early mover in offering a
fully  managed   storage  and  electronic   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 Theatrical  Distribution  System (TDS)
with its  innovative  digital  delivery  capabilities  and  in-theatre  software
systems to provide  the  highest  level of  technology  available  to enable the
emerging  Digital  Cinema  industry to  transition  from film  without  changing
workflows. For more information on ACCESSIT, visit 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, along with
ACCESSIT 's filings  with the  Securities  and  Exchange  Commission,  including
ACCESSIT 's registration statements, quarterly reports on Form 10-QSB and annual
report on Form 10-KSB,  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  undertakes  no specific  obligation  or intention to
update these statements after the date of this release.

                                      # # #
Contact:

Suzanne Tregenza Moore                    Michael Glickman
ACCESSIT                                  The Dilenschneider Group
55 Madison Avenue                         212.922.0900
Suite 300
Morristown, NJ  07960
973.290.0080
WWW.ACCESSITX.COM


<PAGE>



                      ACCESS INTEGRATED TECHNOLOGIES, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
               (In thousands, except for share and per share data)
                                    (audited)
                                                         THREE MONTHS ENDED
                                                               MARCH 31,
                                                          2004       2005
Revenues:
 Media services...................................      $  719     $1,547
 Data center services.............................       1,610      1,969
                                                         -----      -----
               Total revenues.....................       2,329      3,516

Costs of revenues (exclusive of depreciation shown below):
 Media services, including amortization of
 software development costs of $43 and $149 for
 2004 and 2005....................................          94        770
 Data center services.............................         930      1,026
                                                    ---------- ----------
                Total costs of revenues...........       1,024      1,796

Gross profit......................................       1,305      1,720

Operating expenses:
Selling, general and administrative (excludes non-
cash stock-based compensation of $5 in 2004 and
$0 in 2005........................................      1, 172      2,019
Provision for doubtful accounts...................          29         43
Research and development..........................          47        378
Non-cash stock-based compensation.................           5         --
Depreciation and amortization.....................         777      1,166
                                                     ---------  ---------
               Total operating expenses...........       2,030      3,606
                                                     ---------  ---------
Loss from operations..............................       (725)    (1,886)

Interest expense, net.............................       (147)      (322)
Loss on early extinguishment of debt..............       (126)         --
Non-cash interest expense.........................     (1,521)      (677)
Other (expense) income, net.......................        (38)          6
                                                     ---------  ---------
Net loss before income taxes......................     (2,557)    (2,879)

Income tax benefit................................          85         78
                                                     ---------  ---------

Net loss..........................................     (2,472)    (2,801)
                                                     ---------  ---------

Net loss available to common stockholders.........   $ (2,472)  $ (2,801)
                                                     =========  =========
Net loss available to common stockholders per
 common share:
    Basic and diluted.............................   $  (0.32)  $  (0.27)
                                                     =========  ==========
Weighted average number of common shares outstanding:
     Basic and diluted............................   7,664,934  10,391,502
                                                     =========  ==========

                      Access Integrated Technologies, Inc.
                     EBITDA and Adjusted EBITDA (as defined)
                        Reconciliation to GAAP Net Income
                                 (In thousands)
                                                      THREE MONTHS ENDED
                                                    MARCH 31,   MARCH 31,
                                                       2004        2005
                                                          (unaudited)
Net loss                                           $ (2,472)    $ (2,801)
ADD BACK:
  Amortization of software development                    43          149
  Depreciation and amortization                          777        1,166
   Interest expense                                      147          322
   Non-cash interest expense                           1,521          677
   Income tax benefit                                   (85)         (78)
   Other expense (income), net                            38          (6)
                                                     -------    ---------
EBITDA (as defined)                                   $   95    $   (571)
                                                     -------    ---------

ADD BACK:
   Non-cash stock-based compensation                       5            -
                                                     -------    ---------
Adjusted EBITDA (as defined)                         $   100    $   (571)
                                                     -------    ---------


<PAGE>



                      ACCESS INTEGRATED TECHNOLOGIES, INC.
                      CONSOLIDATED STATEMENTS OF OPERATIONS
               (In thousands, except for share and per share data)
                                    (audited)
                                                     FOR THE FISCAL YEARS ENDED
                                                              MARCH 31,
                                                          2004       2005
Revenues:
 Media services...................................     $ 1,356    $ 4,043
 Data center services.............................       5,845      6,608
                                                      --------    -------
                Total revenues....................       7,201     10,651
Costs of revenues (exclusive of depreciation
 shown below):
 Media services, including amortization of software
 development costsof $118 and $369 for 2004
 and 2005.........................................         152      1,696
 Data center services.............................       3,515      4,115
                                                     ---------   --------
                Total costs of revenues...........       3,667      5,811
Gross profit......................................       3,534      4,840
Operating expenses:
Selling, general and administrative (excludes
 non-cash stock-based compensation of $15 in
 2004 and $4 in 2005).............................       3,204      5,607
Provision for doubtful accounts...................          73        640
Research and development..........................          55        666
Non-cash stock-based compensation.................          15          4
Depreciation and amortization.....................       2,692      3,623
                                                     ---------  ---------
              Total operating expenses............       6,039     10,540
                                                     ---------  ---------
Loss from operations..............................     (2,505)    (5,700)

Interest expense, net.                                   (536)      (600)
Loss on early extinguishment of debt..............       (126)         --
Non-cash interest expense.........................     (1,823)      (832)
Other (expenses) income, net......................        (52)         23
                                                     ---------  ---------
Net loss before income taxes......................     (5,042)    (7,109)
Income tax benefit................................         212        311
                                                     ---------  ---------
Net loss before minority interest in subsidiary...     (4,830)    (6,798)
Minority interest in subsidiary...................          25         10
                                                     ---------  ---------
Net loss                                               (4,805)    (6,788)

Accretion related to redeemable convertible
 preferred stock..................................     (1,588)         --
Accretion of preferred dividends..................       (220)         --
                                                    ----------  ------ --
Net loss available to common stockholders.........  $  (6,613) $  (6,788)
                                                    ========== ==========
Net loss available to common stockholders per common share:
     Basic and diluted............................ $    (1.37) $    (0.70)
                                                   =========== ===========
Weighted average number of common shares outstanding:
     Basic and diluted............................   4,826,776  9,668,876
                                                     =========  =========

                      Access Integrated Technologies, Inc.
                     EBITDA and Adjusted EBITDA (as defined)
                        Reconciliation to GAAP Net Income
                                 (In thousands)
                                                           YEARS ENDED
                                                    MARCH 31,   MARCH 31,
                                                       2004        2005
                                                         (unaudited)
Net loss                                           $ (4,805) $   (6,788)
ADD BACK:
   Amortization on software development                  118         369
   Depreciation and amortization                       2,692       3,623
   Interest expense                                      536         600
   Non-cash interest expense                           1,823         832
   Loss on early extinguishment of debt                  126          --
   Income tax benefit                                  (212)       (311)
   Minority interest                                    (25)        (10)
   Other expenses (income), net                           52        (23)
                                                   ---------  ----------
EBITDA (as defined)                                $     305  $  (1,708)
                                                   ---------  ----------

ADD BACK:
Provision for customer related unbilled revenue           --         499
Non-cash stock-based compensation                         15           4
                                                   ---------  ----------
Adjusted EBITDA (as defined)                       $     320   $ (1,205)
                                                   ---------  ----------

                      Access Integrated Technologies, Inc.
                           Consolidated Balance Sheets
                        (In thousands, except share data)
                                    (audited)

                                                        March 31,     March 31,
                                                          2004           2005
                                                          ----           ----
Assets
   Current assets
   Cash and cash equivalents                        $     2,330     $   4,779
   Accounts receivable, net                                 509           947
   Prepaid and other current assets                         296           762
   Unbilled revenue                                           8           550
                                                    ------------   -----------
       Total current assets                               3,143         7,038

Property and equipment, net                               5,865        14,261
Intangible assets, net                                    4,200         3,337
Capitalized software costs, net                           1,430         1,622
Goodwill                                                  5,378        10,363
Deferred costs                                               91           726
Unbilled revenue, net of current portion                    596            69
Security deposits                                           472           361
                                                     -----------  -----------
       Total assets                                  $   21,175   $    37,777
                                                     ==========   ===========

Liabilities, redeemable stock and stockholders' equity
   Current liabilities
   Accounts payable and accrued expenses            $     1,371 $       2,415
   Current portion of notes payable                         650         1,415
   Current portion of customer security deposits             38           116
   Current portion of capital leases                        115           432
   Current portion of deferred revenue                      755           884
   Current portion of deferred rent expense                   2            42
                                                    -----------    ----------
   Total current liabilities                              2,931         5,304
                                                    -----------    ----------

   Notes payable, net of current portion                  5,589        12,682
   Customer security deposits, net of current portion       117           161
   Deferred revenue, net of current portion                 271            95
   Capital leases, net of current portion                    35         6,058
   Deferred rent expense                                    884           970
   Minority interest in subsidiary                           10            --
   Deferred tax liability                                 1,520         1,210
                                                     ----------    ----------
       Total liabilities                                 11,357        26,480
                                                     ----------    ----------

Commitments and contingencies

Redeemable Class A common stock, issued and
 outstanding, 2004 and 2005 - 53,534 shares,
 respectively                                                238          250

Stockholders' equity
 Class  A  common  stock,  $0.001  par  value
 per  share;  40,000,000  shares authorized;
 shares issued and outstanding, 2004 - 7,281,730
 and 2005 shares issued 9,433,328 and shares
 outstanding - 9,361,888, respectively                        7             9

 Class  B  common  stock,  $0.001  par  value
 per  share;  15,000,000  shares authorized;
 shares issued and outstanding, 2004 and 2005
 1,005,000 and 965,811 shares                                 1             1
   Additional paid-in capital                            24,271        32,696
   Treasury Stock, at cost; 51,440 shares                    --         (172)
   Accumulated deficit                                 (14,699)      (21,487)
                                                   ------------    ----------
       Total stockholders' equity                         9,580        11,047
                                                   ------------    ----------

       Total Liabilities, Redeemable Stock
       and Stockholders' Equity                     $    21,175    $   37,777
                                                    ===========    ==========

