AmEurotech Closes $5,000,000 Distribution Agreement With Megtronica Group S.A.
CHARLOTTE, N.C., Jul 25, 2000 /PRNewswire via COMTEX/ -- American Holding
Corporation dba AmEurotech Corporation announced today it completed an exclusive
distribution agreement with Megatronica Group S.A. as distributor of its AWP,
SWP and proprietary Gambling machines in Greece and Cyprus, Italy.
Megatronica Group S.A maintains showroom facilities for AmEurotech's products
and provides qualified personnel for the gaming machine maintenance in this
territory. The agreement guarantees a minimum quantity of purchases equal to
3,200 IOS machines (3D amusement games) @ $1,718 US each totaling to $5.5
Million US.
AmEurotech has agreed to provide Megatronica Group S.A. with merchandising
assistance including brochures, programs, products, sales training, and
promotions. Megatronica is permitted to use the name "Oasis" and "NOA" and other
trademarks or names according AmEurotech's standard and approval. Megatronica
may, subject to AmEurotech's policies, utilize its name, trademarks and logos in
advertising on stationary and business cards.
American Holdings Corporation dba AmEurotech Corporation is a North
Carolina-based software and hardware technology company with $6.5 million in
tangible assets and has ongoing business in Greece, Spain, the United Kingdom,
and currently expanding its business into the United States and South America.
The company's net earnings for fiscal 2000 are projected at $1.5 million dollars
or higher with projected earnings for 2001 to between $20 million and $25
million
AmEurotech dba American Holdings Corporation is expected to soon complete its
merger with Internet Multimedia Corporation (OTC Bulletin Board: IIMC).
Note: Safe Harbor Statement
Securities Litigation Reform Act of 1995: This release contains forward- looking
statements that are subject to risk and uncertainties, including, but not
limited to, the impact of competition, new and untested products, uncertainty of
revenues and earnings, fluctuations in stock price and liquidity, fluctuating
operating results, and other risks detailed from time to time in the company
filings with the Securities and Exchange Commission.
Contact: Ed Knowles
Merger and Acquisitions
21st Equity Partners LLC
704-540-8138
eknowles@21ep.com
Reno J. Calabrigo, MBA
StarQuest Capital Corporation
fax 416-441-2995
starquest@on.aibn.com
SOURCE AmEurotech Corporation
CONTACT: Ed Knowles, Merger and Acquisitions of 21st Equity Partners
LLC, 704-540-8138, or eknowles@21ep.com , or Reno J. Calabrigo, MBA, of
StarQuest Capital Corporation, fax 416-441-2995, or starquest@on.aibn.com ,
both for AmEurotech Corporation
(IIMC)
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