Access Integrated Technologies Named as Finalist in Red Herring's Annual "100 Most Innovative Companies' Listing

MORRISTOWN, N.J., December 3, 2004 – Access Integrated Technologies, Inc. ("AccessIT') (AMEX: AIX) was named one of 200 finalists in Red Herring Magazine's annual "100 Most Innovative Companies' listing. The final list will be announced during the Red Herring Fall conference held in Monterey, California, between December 6th and 8th.

The Red Herring Fall conference will bring together 400 executives from companies in the financial and technology sectors to discuss the top 10 technology trends that will dominate the year ahead. For more information on Red Herring Magazine and the Fall conference, please visit www.redherring.com.

Since inception, AccessIT has grown organically and through acquisition into an end-to-end provider of software and services for the emerging digital cinema marketplace. An example of its unique capabilities is the company's recently announced International Theater Distribution System which simplifies release scheduling, film print tracking, electronic box office reporting and settlement accounting. This system seamlessly connects with the company's Digital Express e-Courier Services allowing for simultaneous International digital delivery of a movie. The technologies AccessIT has been and will continue to develop are poised to revolutionize the way movies are distributed around the world.

The foundation of the company is its 10 Internet datacenters located in 9 cities which supports the diverse data access and storage needs of its telecommunication and enterprise business customers. This platform drives revenue, supporting the company growth as the digital cinema industry takes hold. Since inception, the company has made 10 acquisitions including the movie distribution industry's leading software provider, Hollywood Software, the assets of Boeing Digital Cinema, a division of the Boeing Company, and most recently, the assets of FiberSat Global Services, a satellite uplink provider.

"AccessIT is proud to have our accomplishments recognized by Red Herring,' said Bud Mayo, President and Chief Executive Officer of AccessIT. "We look forward to continuing to position the company to capitalize on the imminent transition to a digital movie marketplace and remain committed to providing the most innovative technologies to the movie industry,' he added.

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
AccessIT
55 Madison Avenue
Suite 300
Morristown, NJ 07960
973.290.0080
www.accessitx.com

Michael Glickman
The Dilenschneider Group
212.922.0900