AMGV.....IS HOT HOT HOT....YOU HAVE TO CHECK THIS OUT
Monday August 31, 2:01 pm Eastern Time
Company Press Release
American General Ventures Receives National
Recognition for Agreement With Wal-mart
Online's Build to Order Computer Program
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Aug. 31, 1998--Several national publications have recently
featured articles noting that Wal-Mart Online launched its Build to Order (BTO) computers with ACI Micro Systems,
Inc., a wholly owned subsidiary of American General Ventures, Inc. (OTCBB:AMGV - news).
ComputerWorld, in its August 10, 1998 edition reported that Wal-Mart Online was entering the BTO arena.
ComputerWorld stated ''probably the most feared brand in brick-and-mortar retailing, Wal-Mart Stores, Inc. launched
custom-configured PC sales on its Web site, (www.wal-mart.com), an area in which Dell Computer Corp.
[Nasdaq:DELL - news] says it pulls in $6 million per day.'' ComputerWorld continued ''Wal-Mart is partnering with
ACI Micro Systems in Colorado Springs, which will produce, ship and support the PCs under the Avail brand name.''
Retail Price Week in August 5, 1998 edition reported that ''Wal-Mart late last week officially announced its online BTO
PC venture. Wal-Mart tapped clone-maker ACI Micro Systems, Inc, a wholly-owned subsidiary of American General
Ventures as its primary online BTO supplier. Wal-Mart and ACI have been doing business together since 1995, the year
in which ACI's 'Avail' line was chosen as a distributor by Wal-Mart.''
The recognition has resulted in a considerable increase in computer sales for the Company. Sales to Wal-Mart Online
soared nearly 70% the first two weeks of the BTO program. ACI Micro Systems revenues for the first six weeks in its
third quarter were substantially greater than its entire 2nd quarter 1998. Steven Walker, President and CEO of American
General Ventures said that he was very encouraged that the Company is likely to be profitable after several quarters of
losses. Walker reported that in addition to the significant increase in sales from Wal-Mart's BTO program, its own web
site sales, advertised on Microsoft's Hotmail, have exceeded expectations. American General Ventures' web site receives
over 15,000 hits daily.
For more information on American General Ventures and ACI Micro Systems, please visit our web page at
www.availpc.com.
When used in this report the words ''should'', ''believe'', ''anticipate'', ''expect'', and similar expressions are intended to
identify forward-looking statements. Such statements indicate management's reasonable assessment of the results of
targeted programs and policies. These results are subject to risks and uncertainties which could cause actual results to
differ materially from those projected. |
