                                                                    EXHIBIT 99.2

             ACCESS INTEGRATED TECHNOLOGIES COMPLETES $18.1 MILLION
                              IN PRIVATE PLACEMENT

MORRISTOWN,  N.J.  -  JULY  21,  2005 -  ACCESS  INTEGRATED  TECHNOLOGIES,  INC.
("ACCESSIT")  (AMEX:  AIX) today  announced that it has completed its previously
announced  approximately  $18 million private  placement of 1,909,115  shares of
Class A common stock at $9.50 per share with  institutional and other accredited
investors.  Investors have also received warrants,  exercisable upon receipt, to
purchase  477,275  shares of Class A common  stock at $11.00 per  share.  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.


"This financing kick-starts our announced 2,500 screen rollout which will impact
both our  Christie/AIX  subsidiary  and our Access Digital Media  division.  The
virtual  print fees we expect  under our plan will be in addition to the fees we
will get for digital delivery of those movies and other content,  as well as the
licensing of our Theatre  Command  Center  software,  providing our Company with
visibility  for  substantial  increases  in  revenue  and EBITDA for the next 12
years," said Bud Mayo, Chief Executive Officer of ACCESSIT.

The private  placement  was 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 common stock and warrants 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.

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

                                       1
<PAGE>

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