U.S. SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   Form 1O-QSB

                                   (check one)

           [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 2000

            [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                            THE EXCHANGE ACT OF 1934

                        Commission File Number 000-30486

                   ADVANCED COMMUNICATIONS TECHNOLOGIES, INC.
        (Exact name of small business issuer as specified in its charter)

                                     Florida
                          (State or other jurisdiction
                        of incorporation or organization)

                                   95-4743438
                        (IRS Employer Identification No.)

               19200 Von Karman Ave., Suite 500, Irvine, CA 92612
                    (Address of principal executive offices)

                                 (949) 622-5566
                         (Registrant's telephone number)

Check  whether  the  registrant  (1) filed all  reports  required to be filed by
Section  13 or 15(d) of the  Exchange  Act during the past 3 months (or for such
shorter period that the  registrant was required to file such reports),  and (2)
      has been subject to such filing  requirements for the past 90 days.

                                 Yes [X] No [ ]

   As of October 31,2000, 87,657,280 shares of the registrant's no par value
                    common stock were issued and outstanding

            Transmittal Small Business Disclosure Format (check one):

                                 Yes [ ] No [X]

<PAGE>

PART I-FINANCIAL INFORMATION

ITEM 1. Unaudited Condensed Consolidated Financial Statements

Condensed Consolidated Balance Sheet as of September 30, 2000

Condensed Consolidated Statement of Operations for the three-month period ended
September 30, 2000 and September 30, 1999

Consolidated Statement of Changes in Stockholders' Equity

Consolidated Statement of Cash Flows for the three-month period ended September
30, 2000 and September 30, 1999

Notes to Unaudited Condensed Consolidated Financial Statements

ITEM 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations

PART II-OTHER INFORMATION

ITEM 2. Changes in Securities

ITEM 3. Qualitative Disclosures about Market Risk

ITEM 6. Subsequent Events and Exhibits

<PAGE>

            ADVANCED COMMUNICATIONS TECHNOLOGIES, INC. AND SUBSIDIARY
                      CONDENSED CONSOLIDATED BALANCE SHEET
                            AS OF SEPTEMBER 30, 2000
                                   (UNAUDITED)

ASSETS:

CURRENT ASSETS
    Cash                                                           $         --
    Marketable securities                                                 6,240
    Prepaid expenses                                                     22,528
                                                                   ------------
TOTAL CURRENT ASSETS                                                     28,768
                                                                   ------------

PROPERTY & EQUIPMENT - NET                                               19,855
                                                                   ------------

OTHER ASSETS
    Due from affiliate                                                  562,233
    Investment in affiliate                                          19,142,045
    Deposits                                                             45,525
                                                                   ------------
TOTAL OTHER ASSETS                                                   19,749,803
                                                                   ------------

TOTAL ASSETS                                                       $ 19,798,426
                                                                   ============

LIABILITIES AND STOCKHOLDERS' EQUITY:
LIABILITIES
 CURRENT LIABILITIES
    Cash Overdraft                                                 $      5,644
    Accounts payable                                                    352,057
    Accrued compensation                                                326,550
    Deferred revenue                                                     13,261
    Note payable                                                        150,000
    Loan payable to affiliate                                           435,000
    Convertible debentures                                              613,550
                                                                   ------------
TOTAL CURRENT LIABILITIES                                             1,896,062

LONG-TERM LIABILITIES
    Notes payable-affiliate                                           4,000,000
                                                                   ------------

TOTAL LIABILITIES                                                  $  5,896,062
                                                                   ------------

STOCKHOLDERS' EQUITY
    Common stock, no par value, 100,000,000
      shares authorized, 87,197,280 shares
      issued and outstanding                                         20,227,011
    Accumulated deficit during development stage                     (5,829,137)
    Accumulated other comprehensive loss                               (120,510)
    Less:  Common stock advances                                       (375,000)
                                                                   ------------
TOTAL STOCKHOLDERS' EQUITY                                         $ 13,902,364
                                                                   ------------

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                         $ 19,798,426
                                                                   ============

                             See accompanying notes


                                       1
<PAGE>

            ADVANCED COMMUNICATIONS TECHNOLOGIES, INC. AND SUBSIDIARY
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)

                                             FOR THE THREE-MONTH PERIOD ENDED
                                         ---------------------------------------
                                         SEPTEMBER 30, 2000   SEPTEMBER 30, 1999
                                         ------------------   ------------------
TELEPHONE NETWORK REVENUE                  $     36,739          $         --
 COST OF SALES                                  (44,782)                   --
                                           ------------          ------------
GROSS PROFIT (LOSS)                              (8,043)                   --
                                           ------------          ------------

OPERATING EXPENSES
  Consulting fees                          $    153,125          $    127,416
  Depreciation and amortization                   1,000                 1,000
  Professional fees                              12,822               516,057
  Other selling, general &
    administrative expenses                     115,041                62,172
                                           ------------          ------------
      Total Operating Expenses                 (281,988)             (706,645)
                                           ------------          ------------

LOSS FROM OPERATIONS                           (290,031)             (706,645)
                                           ------------          ------------

OTHER INCOME/(EXPENSE)
  Interest expense                                   --              (657,590)
  Loss from investment in affiliate            (122,137)                   --
  Other income                                       --                    --
                                           ------------          ------------
      Total Other Income/ (Expense)            (122,137)             (657,590)
                                           ------------          ------------

LOSS BEFORE EXTRAORDINARY GAINS                (412,168)           (1,364,235)

EXTRAORDINARY GAINS
  Gain on extinguishment of debt                     --               242,561
                                           ------------          ------------

NET LOSS FROM OPERATIONS                   $   (412,168)         $ (1,121,674)

OTHER COMPREHENSIVE LOSS, NET OF TAX
Unrealized loss on marketable securities           (585)              (13,650)
                                           ------------          ------------

COMPREHENSIVE LOSS                         $   (412,753)         $ (1,135,324)
                                           ============          ============

Net loss per share - basic and diluted     $       (.01)         $      (.015)
                                           ============          ============

Weighted average number of shares
  outstanding during the period -
  basic and diluted                          79,025,115            74,415,487
                                           ============          ============

                             See accompanying notes


                                       2
<PAGE>

            ADVANCED COMMUNICATIONS TECHNOLOGIES, INC. AND SUBSIDIARY
            CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
             FOR THE PERIOD FROM JUNE 30, 1999 TO SEPTEMBER 30, 2000

<TABLE>
<CAPTION>

                                                                                        ACCUMULATED
                                              COMMON STOCK                                OTHER           COMMON
                                       ----------------------------    ACCUMULATED    COMPREHENSIVE       STOCK
                                          SHARES          AMOUNT         DEFICIT          LOSS           ADVANCES          TOTAL
                                       ------------    ------------    ------------   -------------    ------------    ------------
<S>                                    <C>             <C>             <C>             <C>             <C>             <C>
BALANCE, JUNE 30, 1999                   73,312,280         416,183        (672,962)        (97,500)             --        (354,279)

Stock issued for services                 2,585,000       3,384,358              --              --              --       3,384,358
Stock issued for office furniture            30,000           9,900              --              --              --           9,900
Stock issued for debt                       600,000         180,000              --              --              --         180,000
Stock issued for acquisitions             5,700,000      12,225,000              --              --              --      12,225,000
Change in unrealized loss on
  securities for sale                            --              --              --         (22,425)             --         (22,425)
Interest on beneficial
  conversion of debentures                       --         650,000              --              --              --         650,000
Common stock advances                            --              --              --              --        (375,000)       (375,000)
Net loss for the year ended
  June 30, 2000                                  --              --      (4,744,007)             --              --      (4,744,007)
                                       ------------    ------------    ------------    ------------    ------------    ------------

BALANCE, JUNE 30, 2000                   82,227,280    $ 16,865,441    $ (5,416,969)   $   (119,925)   $   (375,000)   $ 10,953,547

Stock issued for services                   (30,000)       (138,430)             --              --              --        (138,430)
Stock issued for debt                     5,000,000       3,500,000              --              --              --       3,500,000
Change in unrealized loss on
  securities held for sale                                                                     (585)             --            (585)
Net loss for the period                          --              --        (412,168)             --              --        (412,168)
                                       ------------    ------------    ------------    ------------    ------------    ------------

BALANCE, SEPTEMBER 30, 2000              87,197,280      20,227,011      (5,829,137)       (120,510)       (375,000)     13,902,364
                                       ============    ============    ============    ============    ============    ============
</TABLE>

                             See accompanying notes


                                       3
<PAGE>

            ADVANCED COMMUNICATIONS TECHNOLOGIES, INC. AND SUBSIDIARY
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (UNAUDITED)

                                             FOR THE THREE-MONTH PERIOD ENDED
                                         ---------------------------------------
                                         SEPTEMBER 30, 2000   SEPTEMBER 30, 1999
                                         ------------------   ------------------
Cash flows from operating
  activities
  Net loss                                  $  (412,168)         $(1,121,674)
Adjustments to reconcile net
  loss to net cash used:
  Depreciation and amortization                   1,000                1,000
  Expenses incurred in exchange
    for common stock                           (138,430)             495,638
  Interest for beneficial
    conversion feature                               --              650,000
  Gain on extinguishment of debt                     --             (242,561)
  Loss on minority interest in
    affiliate                                   122,137                   --
Changes in operating assets
  and liabilities:
(Increase) decrease in assets
  Prepaid expense                                23,590                   --
  Other deposits                                     --              (35,000)
Increase (decrease) in
  liabilities:
  Accounts payable                              141,087              (95,100)
  Interest payable                                   --                7,590
  Accrued compensation                           95,000               30,000
  Other liabilities                                  --              115,000
  Deferred revenue                              (36,739)                  --
                                            -----------          -----------
  Net cash used in operating
    activities                                 (204,523)            (195,107)
                                            -----------          -----------

Cash flows from investing
  activities
  Loan to affiliated company                    (10,108)            (177,500)
  Purchase of fixed assets                       (4,667)             (11,900)
  Investment in Kentel LLC                           --              (20,000)
                                            -----------          -----------
  Net cash used in investing
    activities                                  (14,775)            (209,400)
                                            -----------          -----------

Cash flows from financing
  activities
  Loan proceeds from affiliate                  183,500               30,000
  Proceeds from issuance of
    common stock, net of
    offering costs                                   --              273,500
  Proceeds from issuance of
    convertible debt, net                            --              100,000
                                            -----------          -----------
  Net cash provided by
    financing activities                        183,500              403,500
                                            -----------          -----------

Net increase (decrease) in cash                 (35,798)              (1,007)

Cash and cash equivalents at
  beginning of period                            30,154               10,020
                                            -----------          -----------

CASH AND CASH EQUIVALENTS AT
  END OF PERIOD                             $    (5,644)         $     9,013
                                            ===========          ===========


                                       4
<PAGE>

         Notes to Unaudited Condensed Consolidated Financial Statements

Note 1. Basis of Presentation and Principles of Consolidation.

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial  information and with the  instructions  to Form 10-QSB.  Accordingly,
they do not include all of the information  and footnotes  required by generally
accepted accounting principles for complete financial statements.  The unaudited
consolidated financial statements include the results of Advanced Communications
Technologies,  Inc.  ("ACT" or the "Company")  and its wholly owned  subsidiary,
Advanced Global Communications Technologies, Inc. ("AGC"). Financial information
included herein, which is unaudited,  reflects in the opinion of management, all
adjustments  (all of which are of a  recurring  nature)  that are  necessary  to
present a fair  statement  of the  interim  period.  Operating  results  for the
three-months  ended  September  30, 2000 are not  necessarily  indicative of the
results that may be expected  for the fiscal year ending June 30, 2001.  Certain
information and footnote  disclosures  normally included in financial statements
prepared in accordance with generally accepted  accounting  principles have been
condensed or omitted.  These unaudited  interim  financial  statements should be
read in conjunction with the audited financial statements and notes contained in
the Company's Annual Report on Form 10-KSB for the year ended June 30, 2000.

Note 2. Revenue Recognition.

During the three-months  ended September 30, 2000, the Company generated revenue
from its telecommunications  operations.  Prior to July 1, 2000, the Company was
developing  its   telecommunications   business  and  was  a  development  stage
enterprise.

Revenue  is  generally  recognized  at the time and based on the  volume of call
service provided to customers and processed by the Company's contractual service
providers.

Note 3. Investment in Affiliate.

On July 24, 2000, the Company formed Australon USA, Inc., a Delaware corporation
owned 50% by the Company and 50% by Australon  Enterprise,  Pty.,  Ltd., an 80%
subsidiary  of ACT-AU.  During the quarter ended  September 30, 2000,  Australon
USA, Inc. was inactive.  The  investment  will be accounted for using the Equity
Method.

Note 4. Note Payable to Affiliate.

During the quarter,  the Company  repaid  $3,500,000  of its  obligation  to its
Australian affiliate, Advanced Communications Technologies, Pty, Ltd. ("ACT-AU")
by issuing  5,000,000 shares of its restricted common stock. As of September 30,
2000, the balance of the Company's obligation to ACT-AU was $4,000,000.

Note 5. Stockholder's Equity.

During the three-months ended September 30, 2000, $3,500,000 of the note payable
from  Affiliate was converted  into  5,000,000  common  shares.  The shares were
valued at the quoted trading price on the date authorized by the Company's Board
of Directors.

Note 6. Commitments and Contingencies.

As  disclosed  in the  Company's  Form 10-KSB for the fiscal year ended June 30,
2000,  the Company was named as a defendant  in two  lawsuits  filed  during the
three-month  period ended  September 30, 2000. On July 27, 2000,  Bank Insinger,
the holder of $150,000 of the  Company's  12%  Secured  Convertible  Debentures,
filed an action in the Federal Court in the Eastern District of New York seeking
recovery of the principal  amount of the  obligation  plus accrued  interest and
other  monetary  damages.  The Company is  currently  in  discussions  with Bank
Insinger to settle their claim.

On  September  18, 2000,  an action was filed  against the Company by Star Multi
Care  Services,  Inc ("Star")  for alleged  breach of contract and recovery of a
break-up  or  termination  fee in  connection  with  the  Company's  failure  to
consummate a proposed  merger with Star in January  2000.  The Company  believes
that the suit is without merit


                                       5
<PAGE>

and is vigorously defending the alleged claim.

ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

The following is  management's  discussion  and analysis of certain  significant
factors,  which have  affected the  Company's  financial  position and operating
results.  Certain statements under this section may constitute  "forward-looking
statements". See Part II- Other Information.

(a) RESULTS OF OPERATIONS

The Company owns the rights to  distribute  and sell the  "SpectruCell"  product
throughout  North and South America.  Such product is currently being developed,
tested and commercialized by the Company's Australian  affiliate.  The Company's
wholly owned  subsidiary,  Advanced  Global  Communications  Technologies,  Inc.
("AGC")  provides  wholesale  international  telecom services and is the holding
company for all switching and network operations and future planned acquisitions
of other switching and telecommunications  companies.  AGC currently operates an
international long distance telephone network between the U.S. and Pakistan (the
"U.S.-Pakistan  Network").  During the  three-month  period ended  September 30,
2000, all of the Company's revenues were generated by AGC's telecom operations.

Revenues.  Revenue for the quarter was $36,739 and was entirely  generated  from
AGC's U.S.-Pakistan  Network and represents a 100% increase from the comparative
three-month period ended September 30, 1999.

Cost of Sales.  Cost of direct  telephone  network  sales for the quarter  ended
September  30,  2000  was  $44,782  and  represents  a 100%  increase  from  the
comparative  three-month  period ended  September 30, 1999.  Because the Company
only recently  completed the U.S.-Pakistan  Network,  the cost of sales reflects
charges and expenses for the entire period of operation notwithstanding that the
revenue  from  the   U.S.-Pakistan   Network  only   reflects  call  volume  for
approximately six weeks.

Operating  Expenses.   Operating  expenses  for  the  three-month  period  ended
September 30, 2000 was $281,988 and represents a 60% decrease in operating costs
from the  three-month  period  ended  September  30,  1999.  This  decrease  was
principally  attributable  to a  reduction  in  professional  fees  incurred  in
exchange for  restricted  common stock.  Employee and  consulting  costs for the
three-month  period ended  September 30, 2000 increased 20% to $153,125 from the
three-month  period ended  September 30, 1999 and is attributable to an increase
in staffing of the California office. Other selling and general & administrative
expenses increased from $62,172 for the quarter ended September 30,


                                       6
<PAGE>

1999 to $115,041 for the three-months ended September 30, 2000, or approximately
85% because of an increase in costs  associated  with the  Company's  California
headquarters  and the  increase  in costs  devoted to  marketing  the  Company's
business and products.

Interest  expense incurred for the three months ended September 30, 2000 was $0.
For the  comparative  period  ended  September  30, 1999,  interest  expense was
$657,590 and was  principally  attributable to the intrinsic value of the Senior
Convertible Debentures issued by the Company.

Other income (loss) for the three-month period ended September 30, 2000 includes
the  Company's  share,  under the  equity  method  of  accounting,  of  ACT-AU's
operating loss for the quarter.  No loss was reported for the comparative period
ended September 30, 1999, as the Company's  investment in ACT-AU was made during
the  fourth  quarter  of ACT's  fiscal  year  2000.  Extraordinary  gain for the
three-month  period ended  September 30, 1999  includes  $242,561 of gain on the
extinguishment  of prior shareholder loans in exchange for 600,000 shares of the
Company's  restricted  common stock. The Company had no extraordinary  gains nor
losses for the comparative period ended September 30, 2000.

(b) LIQUIDITY AND CAPITAL RESOURCES

At September  30, 2000,  the  Company's  cash and cash  equivalents  balance was
($5,644) a decrease of $35,798 from the period  ended June 30, 2000.  During the
quarter, no cash was provided by operations or financing activities.  During the
three-month  periods ended  September 30, 2000 and 1999,  cash provided by (used
in) operations and investing  activities  amounted to ($219,298) and ($404,507),
respectively.  Cash  provided by financing  activities  amounted to $183,500 and
$403,500,  respectively,  and  consisted of loans from the  Company's  principal
shareholder and the sale of common stock and convertible debentures.  During the
three-month period ended September 30, 1999, the Company realized $273,500,  net
of offering costs, from the private placement sale of common stock and $100,000,
net of offering costs, from the issuance of convertible debentures.

The Company had a working  capital  deficiency in the amounts of $1,867,294  and
$811,418  respectively for the three-month  periods ended September 30, 2000 and
1999.  The Company is currently  working  with  Ladenburg  Thalmann,  a NY-based
investment  banking firm, and others to obtain the necessary capital to continue
its  wholesale   telephone   network  business  and  to  assist  ACT-AU  in  its
development,   testing  and   commercialization   of  the  SpectruCell  wireless
technology.

(c) ACQUISITIONS

The Company's strategy is to generate  substantial revenue through the licensing
of the SpectruCell  product being developed and tested by ACT-AU and through the
acquisition of telephone network distribution  companies. As part of this growth
strategy,  the Company  will  continue to evaluate and pursue  opportunities  to
acquire  other  companies,  assets and product  lines that either  complement or
expand the Company's business. The


                                       7
<PAGE>

Company  intends to use available cash from  operations,  if any, and authorized
but unissued common stock to finance any acquisitions.

(d) ACT QUARTERLY STOCK PRICE

For the Quarter Ended                        High            Low
---------------------                        ----            ---

September 30, 2000                          $ 1.25          $  .56
June 30, 2000                                 2.62            1.03
March 31, 2000                                7.19            2.00
December 31, 1999                             5.50             .31
September 30, 1999                             .72             .24

Part II- OTHER INFORMATION

The statements in this quarterly  report,  Form 10-QSB,  that are not historical
constitute "forward-looking statements". Said forward-looking statements involve
risks and  uncertainties  that may  cause the  actual  results,  performance  or
achievements  of the Company and its subsidiary to be materially  different from
any future  results,  performance  or  achievements,  express or implied by such
forward-looking  statements.  These forward-looking statements are identified by
their  use  of  such  terms  and  phrases  as  "expects",   "intends",  "goals",
"estimates", "projects", "plans", "anticipates", "should", "future", "believes",
and "scheduled".

The variables which may cause differences  include,  but are not limited to, the
following:  i) general economic and business conditions;  ii) competition;  iii)
success  of  operating   initiatives  including  the  commercialization  of  the
SpectruCell  product; iv) financing efforts; v) operating costs; vi) advertising
and  promotional  efforts;  vii) the existence or absence of adverse  publicity;
viii)  changes in business  strategy or  development  plans;  ix) the ability to
retain  management;  x)  availability,  terms and  deployment  of  capital;  xi)
business  abilities and judgment of personnel;  xii)  availability  of qualified
personnel; xiii) labor and employment benefit costs; xiv) availability and costs
of raw  materials  and  supplies;  and xv) changes in, or failure to comply with
various  government   regulations.   Although  the  Company  believes  that  the
assumptions  underlying  the  forward-looking  statements  contained  herein are
reasonable, any of the assumptions could be inaccurate, and therefore, there can
be no assurance that the forward-looking statements included in this filing will
prove to be accurate. In light of the significant  uncertainties inherent in the
forward-looking  statements  included herein,  the inclusion of such information
should not be regarded as a representation by the Company and/or its management,
or any person,  that the  objectives  and  expectations  of the Company  will be
achieved.


                                       8
<PAGE>

ITEM 2. CHANGES IN SECURITIES

During the quarter,  the Company issued  5,020,000 shares of its common stock of
which 20,000  shares  valued at $13,120 were issued in exchange for services and
5,000,000 shares valued at $3,500,000  where issued in partial  repayment of the
Company's obligation to ACT-AU.

ITEM 3. QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is subject to various risks in connection  with the operation of its
business.  These risks include,  but are not limited to, dependence on operating
agreements with foreign partners,  significant foreign and U.S.-based  customers
and  suppliers,  availability  of  transmission  facilities,  U.S.  and  foreign
regulations,  international  economic and political  instability,  dependence on
effective  billing  and  information  systems,  customer  attrition,  and  rapid
technological change. Many of the Company's competitors are significantly larger
and have  substantially  greater  resources  than the Company.  If the Company's
competitors were to devote significant  additional resources to the provision of
international  long distance services to the Company's target customer base, the
Company's  business,  financial  condition,  and results of operations  could be
adversely affected.

The Company has devoted resources to the build out of the U.S.-Pakistan  Network
and  for the  development,  testing  and  commercialization  of the  SpectruCell
technology.  As a result,  the  Company  has  experienced  operating  losses and
negative cash flows from  operations.  These losses and negative  operating cash
flows are expected to continue for additional  periods in the future.  There can
be no assurance  that the Company's  operations  will become  profitable or will
produce  positive  cash  flows.  The  Company's  capital  requirements  for  the
commercialization  of its SpectruCell product and for the continued build out of
the U.S.-Pakistan  Network and growth of its customer base are substantial.  The
Company intends to fund its operational and capital  requirements  using cash on
hand,  through  proposed  credit  and debt  facilities  and by the  issuance  of
restricted common stock.

ITEM 6. SUBSEQUENT EVENTS AND EXHIBITS

On October 5, 2000,  the Company  entered  into a Letter of Intent  ("LOI") with
Digital Comm Link, Inc., ("Digital") a Florida based privately held corporation,
to acquire a controlling  interest in Digital for approximately $10- $20 million
in stock and cash.  Digital  currently owns and operates a satellite fixed earth
station,  which  receives  and  transmits  voice,  data and  video  signals  for
telecommunications and other media customers.

On October 12, 2000 the  Company's  Board of Directors  adopted a resolution  to
issue 460,000 shares of restricted  common stock to ACT-AU in partial  repayment
of $460,000 of the Company's  obligation.  The Company will record a gain on the
issuance of this stock.

On October 23,  2000,  the  Company  was  notified by holders of $210,000 of its
$650,000  Secured  Convertible  Debentures  that such  holders  have  elected to
convert their debt into


                                       9
<PAGE>

restricted  common  stock  based on  certain  conversion  rights  granted to the
bondholders  under the terms of the 12%  Secured  Convertible  Debentures.  Such
conversion,  when  effected,  will have the  result of  reducing  the  Company's
liabilities and increasing the Company's stockholder's equity.

On  November 1, 2000 the  Company,  along with ACT-AU  formed  Advanced  Network
Technologies  (USA)  Inc,  ("ANT")  to  market  wireless  network  services  and
applications developed by ACT-AU. The Company owns 70% of ANT.

SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

Advanced Communications Technologies, Inc.
(Registrant)

/s/ Roger B. May                                                 11/13/2000
-------------------------------------------                      ---------------
Roger B. May                                                     Date
Chairman and Chief Executive Officer

/s/ Wayne I. Danson                                              11/13/2000
-------------------------------------------                      ---------------
Wayne I. Danson                                                  Date
Vice President and Chief Financial Officer


                                       10