Exhibit 99


                                       




Cautionary Statements

         Certain  statements  in this  quarterly  report on Form 10-Q of Applied
Cellular  Technology,  Inc. (the "Company"),  and the documents  incorporated by
reference herein, constitute "forward-looking  statements" within the meaning of
Section  27A of  the  Securities  Act of  1933,  Section  21E of the  Securities
Exchange Act of 1934 and the Private  Securities  Litigation Reform Act of 1995,
and the Company intends that such  forward-looking  statements be subject to the
safe harbors created thereby. Such forward-looking  statements involve known and
unknown  risks,  uncertainties  and other  factors  which  may cause the  actual
results,  performance or achievements of the Company to be materially  different
from any future  results,  performance or  achievements  expressed or implied by
such  forward-looking  statements.  Such  factors  include,  among  others,  the
following:  the continued  ability of the Company to sustain its growth  through
product  development and business  acquisitions;  the successful  completion and
integration  of  future  acquisitions;  the  ability  to  hire  and  retain  key
personnel; the continued development of the Company's technical,  manufacturing,
sales, marketing and management capabilities;  relationships with and dependence
on third-party  suppliers;  anticipated  competition;  uncertainties relating to
economic  conditions  where the  Company  operates;  uncertainties  relating  to
government and regulatory policies; uncertainties relating to customer plans and
commitments; rapid technological developments and obsolescence in the industries
in which the Company operates and competes;  potential  performance  issues with
suppliers and customers;  governmental export and import policies;  global trade
policies;   worldwide  political  stability  and  economic  growth;  the  highly
competitive  environment in which the Company operates;  potential entry of new,
well-capitalized   competitors  into  the  Company's  markets;  changes  in  the
Company's capital structure and cost of capital;  and uncertainties  inherent in
international operations and foreign currency fluctuations. The words "believe",
"expect",  "anticipate",  "intend" and "plan" and similar  expressions  identify
forward-looking statements. Readers are cautioned not to place undue reliance on
these forward-looking statements,  which speak only as of the date the statement
was made.



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