Richard...bot yesterday and today...in addition to prior purchases I have built a solid position. I have a good feeling about this one...business is building, it is a super sector to be in, Orbocomm seems to like them a lot, and order flow is picking up dramatically.
They already file with the SEC so that is not a problem. Presently .26/.29 on about 40,000 at 12.15p.
Here is yest release plus 3rd qtr release:
American Millennium Completes Software Project
MOUNT DORA, Fla.--(BUSINESS WIRE)--July 21, 1999--American Millennium
Corporation, Inc. (OTC BB: AMCI) reported today that it has completed engineering for remote interfacing with the Frick
RWB ll Plus Control Panels.
AMCI Chief Technical Officer Bruce R Bacon stated: ''We have designed a remote interface to the Frick RWB II Plus control
panel manufactured by Frick Controls Group, Frick Company, a division of York International Corp., York PA (NYSE:YRK
- news). On the equipment end is an Orbcomm Satellite Subscriber Communicator with our custom application software that
permits communication with the control panel using the panel's native ASCII protocol. All functions and information that are
available through the serial port are available over the air''.
''Our client software runs on a PC which when connected to the Internet allows the user to query the control panel over the air
for any and all of the operating parameters. Commands to the control panel can be issued remotely. In addition to the data
polling and command capabilities of the system, an alarm message is sent when the compressor shuts down unexpectedly. The
alarm message reports the latest ''Discrete Failure List'' to the client software, allowing the operating company to know the
exact series of events that caused the compressor to shut down'', Bacon added.
AMCI President and CEO Andrew F. Cauthen stated, ''The first prototype system is currently installed on a Compressor
Systems, Inc. (CSI) compressor package near Fort Stockton, TX. A fully functional pilot version will be installed on a CSI
compressor by month's end. This product is the first of several that AMCI is developing which will communicate with oil and
gas field automation equipment. These products will allow operators to interrogate and control the equipment remotely over the
Internet. We are presently working on enabling the client software to interface using only a web browser from any Internet
connection''.
''With the completion of this project we now have a software template that with relatively simple modifications will enable
different system protocols to ''speak'' to the ORBCOMM satellites. This can only strengthen our position as a recognized
leader in remote system telemetry and control within the oil and gas industry. Completing preliminary engineering on the Frick
control panel moves AMCI beyond simple function capabilities to full communications between remote equipment and the
operator. We will be outfitting new control panels as well as retrofitting existing Frick units for customers like CSI. Plans are
already under way to interface with the new Frick RCSI Quantum Control Panel'', Cauthen concluded.
This press release contains forward-looking statements that involve risk and uncertainties that could cause the company's actual
results and experience to differ materially from anticipated results and expectations expressed herein. In particular, AMCI's
plans may be revised, and its actual results may differ materially from that indicated by its current plans.
The AMCI website is located at amc-wireless.com.
Contact:
American Millennium Corporation Inc., Mount Dora
James C. Statham, 352-735-0116
American Millennium Reports 9 Month Financial
Results
MOUNT DORA, Fla.--(BUSINESS WIRE)--June 29, 1999--American Millennium Corporation, Inc. (OTC BB:AMCI)
specializing in satellite monitoring of high value assets in the oil and gas, rail, and intermodal container industries, reported
financial results for its 9 months ended April 30, 1999 in its most recent form 10Q quarterly report filed with the US Securities
and Exchange Commission.
Revenues for the 9 months ended April 30, 1999, were $128,693, compared with revenues of $311,162 for the same period
in 1998. The Company reported a net loss of $948,864, or $0.06 per share for the 9 months ending April 30, 1999,
compared with a net loss of $6,140,540, or $0.62 per share for the same period last year.
AMCI Chief Operating Officer James C. Statham noted that the higher revenue figures for the previous year were largely due
to the sale of assets from discontinued operations, while the higher losses were mostly the result of those discontinued
operations as well as from non-recurring expenses for research and development. ''Our aggregated losses declined from $0.62
per share for the first nine months of last year to $0.06 per share for the same period this year due to the Company*s
discontinuing unrelated operations in order to concentrate on its core business''.
On a matter concerning the publicly traded float of AMCI stock (the actual quantity of stock held in brokerage houses available
for immediate trading on the open market), Statham noted, ''The figure of 8.7 million shares currently being reported as the
''Public Float'' on the Internet by Yahoo, PC Quote, and others is grossly overstated. As reported to AMCI by Depository
Trust Corporation, the official source for this information, the AMCI stock float, as of June 22nd, 1999, was exactly
4,587,740 shares or just over half of what the financial services are erroneously reporting''.
AMCI President and CEO Andrew F. Cauthen stated, ''AMCI is a value-added reseller for ORBCOMM USA. L.P., the
world*s first satellite based global data and messaging system which operates through a constellation of 28 low earth orbit
satellites (LEOS). Let me emphasize that just one year ago, ORBCOMM had not yet fully deployed its satellites and AMCI
was monitoring a single refrigerated railcar for Union Pacific Railroad.. Now, all 28 ORBCOMM satellites are deployed and
AMCI has installed and is operating over 60 remote monitoring satellite systems for over a dozen companies. Over this same
period, we have decreased our selling and administrative costs by over 30%, decreased our consulting and professional costs
by over 80%, and are now beginning to build a base of paying monthly subscribers.
''Companies publicly disclosed as currently utilizing our satellite monitoring systems include Cross Timbers Oil Co.
(NYSE:XTO-News), Hanover Compressors (NYSE:HC-News), Walsh Engineering, Inc., Cabot Oil and Gas Corp.
(NYSE:COG-News), and Compressor Systems, Inc. AMCI subscriber communicators are installed on Chevron
(NYSE:CHV-News) wells operated by Hanover'', Cauthen confirmed.
''Our near term business focus will continue to be the deployment of remote satellite monitoring systems primarily for the oil
and gas and rail industries. We have identified literally hundreds of thousands of assets that we believe can benefit from the
drastically reduced cost of monitoring an asset with a computer versus the high cost of sending a technician in a truck or, in
some cases, by helicopter, to a remote site. The natural gas industry in particular has been extremely receptive to what AMCI
can add to their bottom line'', Cauthen concluded.
This press release contains forward-looking statements that involve risk and uncertainties that could cause the company's actual
results and experience to differ materially from anticipated results and expectations expressed herein. In particular, AMCI's
plans may be revised, and its actual results may differ materially from that indicated by its current plans.
The AMCI website is located at amc-wireless.com.
Contact:
American Millennium Corporation Inc., Mount Dora
James C. Statham, 352-735-0116
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