                                                                    EXHIBIT 99.1

                      ACCESS INTEGRATED TECHNOLOGIES, INC.


FOR IMMEDIATE RELEASE

                 ACCESS INTEGRATED TECHNOLOGIES, INC. ANNOUNCES
                       FISCAL 2006 FIRST QUARTER RESULTS

         - Digital Cinema Investments Continue to Drive Revenue Growth -

MORRISTOWN,  N.J.  - AUGUST  11,  2005 - ACCESS  INTEGRATED  TECHNOLOGIES,  INC.
("ACCESSIT" OR THE "COMPANY")  (AMEX: AIX) reported an 80% increase in revenues,
to a record  $3,971,000  for the  fiscal  first  quarter  ended  June 30,  2005.
EBITDA(1)  and  Adjusted  EBITDA  in the  fiscal  first  quarter  was a loss  of
$524,000,  and the net loss was $2,490,000 or $0.24 per basic and diluted share.
The net  loss for the  quarter  includes  non-cash  expenses  for  depreciation,
amortization, and non-cash interest totaling $1,598,000.

FIRST FISCAL QUARTER HIGHLIGHTS

o    Revenues  for the  first  quarter  increased  by 80%,  to  $3,971,000  from
     $2,211,000  in the  comparable  year ago period.  Fiscal 2006 first quarter
     results   included  the  revenue   from  the   company's   acquisition   of
     substantially  all the assets of FiberSat  Global  Services LLC in November
     2004,    revenues   from   the    acquisition   of   the   Pavilion   Movie
     Theatre/Entertainment  Complex in February 2005 and  increased  activity in
     the company's software, managed services and digital content management and
     delivery business units.

o    EBITDA  for the three  months  ended June 30,  2005 was a loss of  $524,000
     compared  to an EBITDA loss of $64,000 in the  comparable  year ago period.
     The increased EBITDA loss 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,  the
     bankruptcy  of a  significant  datacenter  customer  in 2004,  and  ongoing
     research and development  expenses related  primarily to the development of
     digital software  applications.  Adjusted  EBITDA(1) (defined below), was a
     loss of  $524,000  compared  to an  adjusted  EBITDA loss of $60,000 in the
     comparable  year ago  periods.  For the three month  period  ended June 30,
     2004, the amount also excludes non-cash stock based  compensation of $4,000
     compared to $0 for the three month period ending June 30, 2005.

o    Loss before other expense in the June 2005 quarter increased to $1,938,000,
     from a loss of $898,000 in the June 2004 quarter.  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 for the three months ended June 30, 2005  increased to  $2,490,000
     compared to a loss $965,000 in the year ago period.

o    On June 21, 2005, the company  announced an agreement with Christie Digital
     Systems to create  the movie  industry's  first  practical  Digital  Cinema
     funding framework.  This innovative  template will allow private investment
     in the burgeoning  Digital Cinema industry and includes a two-year plan for
     a 2,500-screen rollout, with 150 to 200 screens planned by the end of 2005.

Bud Mayo,  Chairman and Chief Executive  Officer of ACCESSIT,  stated,  "We will
continue to invest  prudently in key personnel  and in research and  development
for  our  end-to-end  solution  as  we  finalize  agreements  with  studios  and
exhibitors  to begin our  digital  rollout in October.  We are pleased  with the
progress  we've made in the past year,  and the support we've  received from all
members of the motion picture industry."

--------
(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>

CONFERENCE CALL NOTIFICATION

ACCESSIT will host a conference  call to discuss its  financial  results at 2:00
p.m. EDT on Thursday, August 11, 2005. The conference can be accessed by dialing
617.213.8856,  passcode  57332023 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 30168060 through Thursday,
August 18, 2005.

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, 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>
<TABLE>
<CAPTION>
                                    ACCESS INTEGRATED TECHNOLOGIES, INC.
                                    CONSOLIDATED STATEMENTS OF OPERATIONS
                             (In thousands, except for share and per share data)
                                                  (audited)
                                                                                       THREE MONTHS ENDED
                                                                                            JUNE 30,
                                                                                      ---------------------
                                                                                      2004             2005
                                                                                      ----             ----
<S>                                                                             <C>              <C>
Revenues:
 Media services..........................................................           $  532           $2,360
 Data center services....................................................            1,679            1,611
                                                                                     -----            -----
               Total revenues............................................            2,211            3,971

Costs of revenues (exclusive of depreciation shown below):
 Media services..........................................................              115            1,648
 Data center services....................................................            1,017            1,090
                                                                                ----------       ----------
                Total costs of revenues..................................            1,132            2,738

Gross profit.............................................................            1,079            1,233

Operating expenses:
Selling, general and administrative (excludes non-cash stock-based
  compensation of $4 in 2004 and $0 in 2005).............................            1,126            1,751
Provision for doubtful accounts..........................................               26               23
Research and development.................................................               47              133
Non-cash stock-based compensation........................................                5               --
Depreciation and amortization............................................              774            1,264
                                                                                ----------       ----------
               Total operating expenses..................................            1,977            3,171
                                                                                ----------       ----------
Loss before other expense................................................             (898)          (1,938)

Interest expense, net....................................................              (97)            (430)
Non-cash interest expense................................................              (47)            (184)
Other income (expense), net..............................................              (11)             (16)
                                                                                ----------       ----------
Loss before income tax benefit and minority interest.....................           (1,053)          (2,568)

Income tax benefit.......................................................               78               78
                                                                                ----------       ----------
Net loss before minority interest in subsidiary..........................             (975)          (2,490)
Minority interest in loss of subsidiary..................................               10               --
                                                                                ----------       -----------

Net loss.................................................................       $     (965)      $   (2,490)
                                                                                ----------       ----------
Net loss per common share:
    Basic and diluted....................................................       $    (0.11)      $    (0.24)
                                                                                ==========       ==========
Weighted average number of common shares outstanding:
     Basic and diluted...................................................        8,517,746       10,405,814
                                                                                ==========       ==========
</TABLE>
<TABLE>
<CAPTION>
                                    Access Integrated Technologies, Inc.
                                   EBITDA and Adjusted EBITDA (as defined)
                                      Reconciliation to GAAP Net Income
                                               (In thousands)
                                                                                       THREE MONTHS ENDED
                                                                                            JUNE 30,
                                                                                      ---------------------
                                                                                      2004             2005
                                                                                      ----             ----
                                                                                            (unaudited)
<S>                                                                             <C>              <C>
Net loss                                                                            $ (965)      $   (2,490)
ADD BACK:
  Amortization of software development                                                  60              150
  Depreciation and amortization                                                        774            1,264
   Interest expense                                                                     97              430
   Non-cash interest expense                                                            47              184
   Income tax benefit (liability)                                                      (78)             (78)
   Minority Interest                                                                   (10)               -
   Other expense (income), net                                                          11               16
                                                                                ----------       ----------
EBITDA (as defined)                                                             $      (64)      $     (524)
                                                                                ----------       ----------
ADD BACK:
   Non-cash stock-based compensation                                                     4                -
                                                                                ----------       ----------
Adjusted EBITDA (as defined)                                                    $      (60)      $     (524)
                                                                                ----------       ----------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
                                       Access Integrated Technologies, Inc.
                                           Consolidated Balance Sheets
                                        (In thousands, except share data)
                                                   (unaudited)
                                                                                   March 31,           June 30,
                                                                                     2005                2005
                                                                                 ------------        ------------
<S>                                                                              <C>                 <C>
Assets
   Current assets
    Cash and cash equivalents                                                    $     4,779         $     1,699
    Accounts receivable, net                                                             947               1,105
    Prepaid and other current assets                                                     762                 957
    Unbilled revenue                                                                     550                 845
                                                                                 -----------         -----------
          Total current assets                                                         7,038               4,606

Property and equipment, net                                                           14,261              13,703
Intangible assets, net                                                                 3,337               2,939
Capitalized software costs, net                                                        1,622               1,574
Goodwill                                                                              10,363              10,408
Deferred costs                                                                           726                 789
Unbilled revenue, net of current portion                                                  69                  58
Security deposits                                                                        361                 385
                                                                                 -----------         -----------
          Total assets                                                           $    37,777         $    34,462
                                                                                 ===========         ===========
Liabilities, redeemable stock and stockholders' equity
   Current liabilities
    Accounts payable and accrued expenses                                        $     2,415         $     2,176
    Current portion of notes payable                                                   1,415               1,569
    Current portion of customer security deposits                                        116                 182
    Current portion of capital leases                                                    432                 313
    Current portion of deferred revenue                                                  884                 876
    Current portion of deferred rent expense                                              42                  41
                                                                                 -----------         -----------
    Total current liabilities                                                          5,304               5,157
                                                                                 -----------         -----------
    Notes payable, net of current portion                                             12,682              12,033
    Customer security deposits, net of current portion                                   161                 105
    Deferred revenue, net of current portion                                              95                  87
    Capital leases, net of current portion                                             6,058               6,044
    Deferred rent expense, net of current portion                                        970                 977
    Deferred tax liability                                                             1,210               1,132
                                                                                 -----------         -----------
          Total liabilities                                                           26,480              25,535
                                                                                 -----------         -----------
Commitments and contingencies
    Redeemable Class A common stock, issued and outstanding, 53,534
      and 0 shares, respectively                                                         250                                     --

Stockholders' equity
    Class A  common  stock,  $0.001  par  value  per  share;  40,000,000
         shares authorized; shares issued 9,433,328 and 9,534,614 and
         shares outstanding - 9,381,888 and 9,483,174, respectively                        9                   9

    Class B  common  stock,  $0.001  par  value  per  share;  15,000,000
         shares authorized; shares issued and outstanding, 965,811 and
         925,811 shares, respectively                                                      1                   1
    Additional paid-in capital                                                        32,696              33,066
    Treasury Stock, at cost; 51,440 shares                                              (172)               (172)
    Accumulated deficit                                                              (21,487)            (23,977)
                                                                                 -----------         -----------
          Total stockholders' equity                                                  11,047               8,927
                                                                                 -----------         -----------

          Total Liabilities, Redeemable Stock and Stockholders' Equity           $    37,777         $    34,462
                                                                                 ===========         ===========
</TABLE>
