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Microcap & Penny Stocks : American Millenium Corp. Inc. (AMCI) -- Ignore unavailable to you. Want to Upgrade?

To: Joe King who wrote (328)	8/29/2000 4:25:53 PM
From: GARY P GROBBEL	Read Replies (1) \| Respond to of 341

joe...does not get much better than this: (COMTEX) American Millennium Corporation, Inc. Selected by General Mo American Millennium Corporation, Inc. Selected by General Motors for Baja 1000 Race Vehicle Tracking and Monitoring GOLDEN, Colo., Aug 29, 2000 (BUSINESS WIRE) -- American Millennium Corporation, Inc. (OTCBB:AMCI) announced today that General Motors Corporation (NYSE:GM) has purchased AMCI's satellite-based systems for tracking and messaging for GM's race vehicles running the Baja 1000 annual off-road race event this November along Mexico's Baja Peninsula. AMCI VP of Engineering and Chief Technology Officer Bruce R. Bacon said, "For the Baja application, the Desert Proving Grounds (DPG) Group will utilize AMCI's technology to communicate directly with the race vehicle's drivers and track their location. The DPG support staff can view the vehicle's location on a map and engage in messaging with the vehicle occupants." Andrew F. Cauthen, President and CEO of AMCI noted, "We are pleased to have been selected by GM for this application." Cauthen also commented, "While our business model includes the sale, leasing or licensing of hardware and software, the recurring revenue streams from software licensing and ongoing airtime monitoring are major areas in which the Company is focusing. The recently announced 1,000 VisTrac(tm) systems sold for truck fleet applications in Costa Rica and Panama include ongoing revenues to be derived by AMCI's monitoring services." ABOUT THE COMPANY: AMCI is a provider of wireless and wire-line solutions for tracking and monitoring of mobile and fixed assets utilizing Low-Earth-Orbit Satellites (LEOs), Geo-Stationary Satellites (GEOs), and terrestrial wireless and wireline technologies. The company has installed satellite communication systems in the field for tracking, monitoring, and reporting data on oil wells, natural gas compressors, rail cars, and trucks. AMCI is currently providing satellite-based services to General Motors, U.S. Army Corps of Engineers, Chevron, The Hanover Company, Compressor Systems, Inc. (CSI,) Cabot Oil & Gas, Cross Timbers Oil & Gas, among others. In addition to hardware sales, AMCI generates monthly revenues from airtime sales. AMCI is an applications service provider (ASP,) providing data access, tracking, and analysis packages for customers via the Internet. AMCI continues to actively consider additional acquisitions or business combinations that would compliment the Company's core business. www.amc-wireless.com Statements about the Company's future expectations, including future revenues, earnings and transactions, as well as all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results and other corporate developments could differ materially from that which has been anticipated in such statements. CONTACT: Charterbridge Financial Group, Inc. Justin Quis Quis, 619/696-8000 ext. 108 jquisquis@charterbridge.net www.charterbridge.net URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved. -0- KEYWORD: COLORADO INDUSTRY KEYWORD: AUTOMOTIVE TELECOMMUNICATIONS * end of story *