From: Upgrade! (fm1@amug.org)
Date: Tue Aug 29 2000 - 11:14:05 MDT
American Millennium Corporation, Inc. Selected by General Motors
for Baja 1000 Race Vehicle Tracking and Monitoring
BusinessWire
Tuesday August 29 6:11am
GOLDEN, Colo.--(BUSINESS WIRE)--Aug. 29, 2000--American Millennium
Corporation, Inc. (OTCBB:AMCI) announced today that General Motors
Corporation (NYSE:GM) has purchased AMCI's satellite-based systems
for tracking and messaging for GM's race vehicles running the Baja 1000
annual off-road race event this November along Mexico's Baja Peninsula.
AMCI VP of Engineering and Chief Technology Officer Bruce R. Bacon said,
"For the Baja application, the Desert Proving Grounds (DPG) Group will
utilize AMCI's technology to communicate directly with the race vehicle's
drivers and track their location. The DPG support staff can view the vehicle's
location on a map and engage in messaging with the vehicle occupants."
Andrew F. Cauthen, President and CEO of AMCI noted, "We are pleased
to have been selected by GM for this application." Cauthen also commented,
"While our business model includes the sale, leasing or licensing of hardware
and software, the recurring revenue streams from software licensing and
ongoing airtime monitoring are major areas in which the Company is focusing.
The recently announced 1,000 VisTrac(tm) systems sold for truck fleet
applications in Costa Rica and Panama include ongoing revenues to be
derived by AMCI's monitoring services."
ABOUT THE COMPANY: AMCI is a provider of wireless and wire-line solutions
for tracking and monitoring of mobile and fixed assets utilizing
Low-Earth-Orbit
Satellites (LEOs), Geo-Stationary Satellites (GEOs), and terrestrial wireless
and wireline technologies. The company has installed satellite communication
systems in the field for tracking, monitoring, and reporting data on oil wells,
natural gas compressors, rail cars, and trucks. AMCI is currently providing
satellite-based services to General Motors, U.S. Army Corps of Engineers,
Chevron, The Hanover Company, Compressor Systems, Inc. (CSI,) Cabot Oil
& Gas, Cross Timbers Oil & Gas, among others. In addition to hardware sales,
AMCI generates monthly revenues from airtime sales. AMCI is an applications
service provider (ASP,) providing data access, tracking, and analysis packages
for customers via the Internet. AMCI continues to actively consider additional
acquisitions or business combinations that would compliment the Company's
core business. www.amc-wireless.com
Statements about the Company's future expectations, including future revenues,
earnings and transactions, as well as all other statements in the press release
other than historical facts are "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995. The Company intends
that such forward-looking statements be subject to the safe harbors created
thereby. Since these statements involve risks and uncertainties and are subject
to change at any time, the Company's actual results and other corporate
developments could differ materially from that which has been anticipated in
such statements.
Contact:Charterbridge Financial Group, Inc.
Justin Quis Quis, 619/696-8000 ext. 108
jquisquis@charterbridge.net
www.charterbridge.net
Source: BusinessWire
See <http://www.bigbooster.com/business_opportunities/#AMC>.
Frederick Mann
This archive was generated by hypermail 2.1.5 : Fri Nov 01 2002 - 15:30:38 MST