RNS Number:1614L
Applied Graphics Technologies Inc
15 May 2003



Contacts:    Kenneth G. Torosian, SVP & CFO
             Applied Graphics Technologies
             (212) 716-6689


                                                          FOR IMMEDIATE RELEASE





                        APPLIED GRAPHICS TECHNOLOGIES REPORTS
                ACCEPTANCE OF PLAN BY THE AMERICAN STOCK EXCHANGE



New York, May 15, 2003 - Applied Graphics Technologies, Inc. (AMEX: AGD), today
reported that The American Stock Exchange (AMEX) has accepted the Company's plan
to regain compliance with certain AMEX listing standards.  As previously
disclosed, the Company received notification from AMEX in February 2003 that the
Company was not in compliance with certain AMEX listing standards relating to
stockholders' equity and net losses.  In March 2003, the Company submitted a
plan to AMEX setting forth the steps the Company intends to take in order to
regain compliance with the listing standards.  On May 9, 2003, AMEX notified the
Company that it had accepted the Company's proposed plan and granted the Company
an extension to September 30, 2004, to regain compliance with the continued
listing standards.  During such period, the Company's common stock will continue
to trade on AMEX, but the Company will be subject to periodic review by AMEX
staff and will be required to make progress consistent with its plan.

Applied Graphics Technologies, Inc., provides digital media asset management
services across all forms of media, including print, broadcast, and the Internet
and is a leading application service provider for the on-line management of
brands.  AGT offers a variety of digital imaging and related services to major
corporations, which include magazine and newspaper publishers, advertisers and
their agencies, entertainment companies, catalogers, retailers, and consumer
goods and packaging companies.  From locations across the United States, the
United Kingdom, and Australia, AGT supplies a complete range of services that
are tailored to provide solutions for specific customer needs, with a focus on
improving and standardizing the management and delivery of visual communications
for clients on a local, national, and international basis.  Additionally, AGT
provides a wide range of advertising and marketing-related creative services for
customers, primarily in retailing.

Certain statements in this press release may contain "forward-looking statements
" within the meaning of the Private Securities Litigation Reform Act of 1995, as
amended.  Such statements are inherently subject to known and unknown risks,
uncertainties, and other factors that may cause actual results, performance or
achievements of the Company to be materially different from those expected or
anticipated in the forward-looking statements.  Such factors are described in
the Company's SEC filings, including its Quarterly Reports on Forms 10-Q and its
Annual Report on Form 10-K.

Additional information about Applied Graphics Technologies can be obtained by
visiting the AGT website: http://www.agt.com.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCBLGDUGGBGGXU