To: GARY P GROBBEL who wrote (283 ) 8/13/1999 9:35:00 AM From: GARY P GROBBEL Read Replies (1) | Respond to of 341
I would buy this stock here...this today... .27/.30: (PR Wires) PRW: American Millennium Completes Testing for Cross Timbers PRW: American Millennium Completes Testing for Cross Timbers Oil Co. MOUNT DORA, Fla.--(BUSINESS WIRE)--Aug. 13, 1999--American Millennium Corporation, Inc. (AMCI) (Nasdaq OTC:AMCI) announced today that it has successfully completed testing of its satellite communication equipment for remote monitoring of natural gas compressors for Fort Worth, Texas based Cross Timbers Oil Co. (NYSE:XTO). AMCI Executive Vice President Stephen Watwood confirmed, "The three month long field test has been completed with near flawless results. A single SAM(TM) system (Satellite Alarm Module) has been monitoring the running condition of 3 gas compressors at a test site near Ozona, Texas. Cross Timbers has placed an initial order for 4 SAM(TM) systems for deployment into the field for day to day operation." The first of these 4 systems has already been installed and is currently operating onsite in Oklahoma. Two more units will be shipped to compressor manufacture Screw Compressor Systems (SCS) in Tulsa to be installed under AMCI's supervision. SCS will then install any future SAM(TM) systems for Cross Timbers directly at the SCS plant. The 4th SAM(TM) system installation will be a retro fit on an older compressor system in Arkansas. This will most likely be a totally self-contained solar powered package, according to Watwood. AMCI President and CEO Andrew F. Cauthen stated, "Our business focus is ongoing revenue from monthly data-flow fees. The ability of a single SAM(TM) unit to handle data flow from three separate compressors at one site is a real savings in hardware cost for our customers. Reducing hardware and installation costs will enhance our ability to capture a large segment of the potential business within this industry." AMCI is a licensed value-added reseller for ORBCOMM USA, L.P. that provides two-way monitoring, tracking, and messaging service through the world's first low-earth orbit satellite based data communications system. ORBCOMM is a partnership owned by Orbital Sciences Corporation (NYSE:ORB) and Teleglobe, Inc. of Canada, (NYSE:TSE). 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 09:14 EDT AUGUST 13, 1999 *** end of story ***