AIM Group Plans National Launch Of Application Service
Provisioning Services Via the Internet
ATLANTA, June 7 /PRNewswire/ -- AIM Group, Inc. (OTC Bulletin Board: AIGU - news) which recently announced the relocation
of its headquarters to Atlanta, GA and the successful execution of definitive agreements for the acquisition of three technology
organizations, today announced plans to accelerate a national launch of Application Service Provider (''ASP'') services. AIM's ASP
program will allow companies to outsource their enterprise resource planning (''ERP'') software and personnel requirements via
Internet connectivity. The new concept will allow organizations to rent or lease services on a per-month and/or per-employee basis,
thus eliminating the need for significant up-front capital investments and heavy monthly operational costs.
The Company previously announced agreements to acquire Client Server Solutions and Cereus Bandwidth, both Atlanta-based
organizations, along with Enterprise Solutions Group, a software application service organization headquartered in West Palm Beach,
Florida. AIM Group intends to pursue an aggressive acquisition strategy, and these organizations will provide the foundation for
AIM's introduction of an expanded array of software application services, coupled with Internet applications and a new National Data
and Network Center (''NDNC'') to be housed in downtown Atlanta. The infrastructure of the NDNC is already in place and includes
high-speed T1 and T3 lines, along with a host of Sun Microsystems servers which are being expanded within the NetRail computer
center. Space will be acquired to house a growing staff of technical and marketing personnel, in support of the Company's national
roll-out of its ASP program.
''The ASP program will provide middle-market companies an effective alternative to the ever-increasing costs of in-house IT
departments and traditional outsourcing services,'' commented Ted Lamb, Chief Operating Officer of AIM Group, Inc. ''Over the
past decade U.S. companies have invested over $10 trillion in hardware, software and services when installing enterprise systems.
Forrester Research estimates that the annual market for 'rentable' Financial, HR, Distribution and Accounting applications will
increase to $6 billion during the next 2-3 years. International Data Corporation (''IDC''), another industry research organization,
predicts that the high-end ASP market alone will grow from $150 million in 1999 to $2 billion in 2003. IDC feels there is an
ever-increasing acceptance of this new business concept due to the refinement of outsourcing, ASP popularity, mergers and
acquisitions, improved networking technology and the explosive growth in e-commerce.''
Management believes the synergies resulting from the Company's first three acquisitions will allow AIM Group to effectively market
these new ASP services to middle-market companies which can greatly benefit from reductions of $10,000 to $20,000 per month in
operating costs. Planned future acquisitions should further enhance the Company's ASP implementation program.
''With regard to the accelerated national launch of our ASP program, AIM Group's goal is to rapidly bring to middle-market
businesses the same application benefits which have long been available to giant corporations. This will enhance the ability of
middle-market companies to compete with larger organizations. Our customers will also be able to reallocate scarce capital resources
away from expensive ERP programs and into their core business activities.''
This press release includes statements that may constitute '' forward-looking'' statements. These statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks
and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to, the ability of the Company to successfully acquire and operate
Internet-related businesses, continued acceptance of the Company's products in the marketplace, competitive factors, new products
and technological changes, product prices and raw material costs, dependence upon third-party vendors, and other risks detailed in
the Company's periodic report filings with the Securities and Exchange Commission. By making the forward- looking statements, the
Company undertakes no obligation to update these statements for revisions or changes after the date of this release. |
