                                                                    Exhibit 99.1


FOR IMMEDIATE RELEASE

ACCESS INTEGRATED  TECHNOLOGIES ENTERS INTO AGREEMENTS TO RAISE $18.1 MILLION IN
PRIVATE PLACEMENT


MORRISTOWN,  N.J.  -- July 19,  2005 --  Access  Integrated  Technologies,  Inc.
("AccessIT")  (AMEX:  AIX) today  announced that it has entered into  definitive
agreements  with  institutional  and other  accredited  investors  relating to a
private placement of approximately  $18.1 million of securities.  This financing
is related to the company's 2,500-screen  Christie-AIX Digital Cinema deployment
plan announced on June 21, 2005.

The Company has agreed to sell 1,909,115 shares of Class A common stock at $9.50
per share.  Investors will also receive warrants,  exercisable starting 7 months
after issuance, to purchase 477,275 shares of Class A common stock at $11.00 per
share for a period of 5 years. Use of proceeds for the financing will be to fund
capital  investments  in the first Digital Cinema  systems  contemplated  in the
Christie-AIX  rollout plan and provide working capital. The private placement is
subject to customary closing conditions.

"This  financing will begin the process of deploying  systems to be installed in
the fourth quarter of calendar 2005 and provide the initial  equity  required by
our lenders to provide funding for the remaining  systems," said Bud Mayo, Chief
Executive Officer of AccessIT.  "We are gratified by the enthusiastic support we
received from the well known institutional investors who took part in this round
of financing."

The  private  placement  is  being  made  only  to  accredited  investors  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 and
warrants being issued,  and the shares of common stock issuable upon 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  industry  leader  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.


<PAGE>


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.

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Contact:


Suzanne Moore                                                  Michael Glickman
AccessIT                                               The Dilenschneider Group
55 Madison Avenue                                                  212.922.0900
Suite 300
Morristown, NJ  07960
973.290.0080

www.accessitx.com
_________________
