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Technology Stocks : Lance B's : Its A Beautiful Thing -- Ignore unavailable to you. Want to Upgrade?

To: Tom Allinder who wrote (1548)	11/26/1999 9:05:00 AM
From: Tom Allinder	Read Replies (1) \| Respond to of 4792

See this from the 17 Nov NR.... I doubt if many people read it completely: ATLANTA, Nov 17, 1999 /PRNewswire via COMTEX/ -- AIM Group, Inc. (OTC Bulletin Board: AIGU) today announced that it has completed its acquisition of Client Server Solutions, Inc. (CSS) of Atlanta, Georgia, in accordance with the Company's plan to implement a national launch of Application Service Provider (ASP) solutions. AIM's ASP program will allow companies the option of outsourcing their enterprise resource planning (ERP) software and personnel requirements via Internet connectivity. This will facilitate an organizations option to rent or lease software services on a per-month and per-employee basis, thus eliminating the capital investments and heavy operating costs associated with the in-house purchase, operation and maintenance of ERP software. AIM Group Inc. has established business alliances with leading developers of software and E-commerce solutions, data management providers, and Internet mediums that will allow it to provide a packaged ASP resource to middle-market companies," stated Paul Arena, Chief Executive Officer of AIM Group, Inc. "The acquisition of CSS brings unique capabilities to the Company that will allow clients to outsource software and the implementation services requirements at their own pace over the Internet." "Combining the benefits of AIM's alliances and knowledge base with CSS' skilled consultants produces a solution transition path that is seamless to the end-user and invoiced monthly," commented Bill Boynes, Director of Professional Services at CSS. "Our ASP concept will allow companies to access technology in the same manner that they access other services, on a scalable, as-needed basis, without taking on the costs and risks of in-house solutions which could become obsolete as a result of rapid changes in software technology." "With the acquisitions of Enterprise Solutions Group (ESG), Cereus Bandwidth and CSS now complete, AIM Group's annualized revenue 'run rate' should exceed $10.0 million by the end of 1999," continued Arena. "I am also pleased to announce that Bill Boynes has been appointed Chief Operating Officer of the Company, effective immediately. He replaces Ted Lamb, who recently resigned to pursue other business interests. Bill's extensive experience in the software solutions industry will allow AIM Group to build upon a strong operational foundation and should allow us to efficiently integrate future acquisitions on a timely basis." The net revenues and pretax profits for the year ended 12/31/98, based upon audited financial statements of the companies we have acquired, are provided below. CEREUS ESG CSS Net Revenues $337,283 $1,305,405 $4,920,935 Net Pretax Profits $33,624 $117,898 $645,213 "By combining the technology resources of these companies, AIM Group will be able to capitalize on the synergistic sales and services opportunities with existing and new customers. Our intermediate-term goal is to become the largest total solution provider (TSP) in the southeastern United States with Global ASP capabilities," concluded Arena. AIM Group, Inc. is primarily involved in the provision of ASP services and other solutions to businesses via Internet connectivity. The Company is headquartered in Atlanta, Georgia, and its common stock trades on the OTC Bulletin Board under the symbol "AIGU."