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EXHIBIT 1
AMERICAN FILM TECHNOLOGIES, INC.
American Film Technologies, Inc. (the "COMPANY") announces that the Board
of Directors has accepted the resignations of Jeffrey Yapp, Chairman and Chief
Executive Officer, and Barry Sandrew, President and Chief Operating Officer of
the Company.
The Company continues to be in default under the terms of a Settlement
Agreement, dated December 31, 1999, between the Company, Gerald Wetzler and
certain other individuals.
Representatives of the Company are engaged in discussions with Mr. Wetzler
in an attempt to resolve this matter. There can be no assurance that a solution
can be reached.
The Board of Directors has authorized the Company to engage the firm of GTH
Capital to assist in the discussions with Mr. Wetzler.
