GOOD NEWS OUT TODAY for AMCI ALSO
Thursday January 4, 6:30 am Eastern Time
Press Release
American Millennium Corporation, Inc. Announces Sale of VisTrac Systems to American Consolidators, Inc. for North American Fleet Deployment
GOLDEN, Colo.--(BUSINESS WIRE)--Jan. 4, 2001--American Millennium Corporation, Inc., (OTC Bulletin Board:AMCI - news), announced today that Las Vegas-based American Consolidators, Inc. has issued a purchase order and letter of intent to purchase 50,000 VisTrac(TM) satellite-based systems for tracking and monitoring truck and trailer fleets nationally. The initial purchase order is for 16 VisTrac(TM) systems, followed by an estimated 5,000 systems in the 2001 first quarter. The remaining 45,000 systems are scheduled to be deployed throughout the balance of this year.
Joe Miller, President and CEO of American Consolidators, said: ``We have been testing AMCI's VisTrac(TM) systems for several weeks now, and are very pleased with the results of those tests. We feel that these VisTrac(TM) systems installed on carrier fleets, in both tractors and trailers, will provide some extremely beneficial information for our fleet management.''
``We are very enthusiastic about the relationship established with American Consolidators,'' said Andrew F. Cauthen, president and CEO of AMCI. ``The new purchase order received from American Consolidated is significant.'' Cauthen went on to say that: ``The hardware sale amounts to well over $25 million, and when fully deployed the ongoing airtime revenue will generate an estimated $24 million annually. Recurring revenue from airtime is the focus of AMCI's financial model.''
Miller further stated: ``In addition to occupying a new $7 million, 100,000 square foot facility in Las Vegas in this first quarter, American Consolidated will launch its distribution initiative of this special GPS trailer tracking system designed and developed by AMCI. A letter of intent has been signed for distribution of 50,000 units by year-end, which ultimately would make American Consolidators a giant in the GPS distribution arena for trucking companies throughout North America.'' Miller also noted that several major insurance companies have indicated they would substantially lower insurance premiums because of expected reduction in loss experience with the new tracking, in-cab messaging, and trailer monitoring systems.
AMCI Chairman and Vice President of Business Development, Stephen F. Watwood, stated: ``Two way in-cab messaging is now a major feature that can be added to the list of functions that AMCI's VisTrac(TM) system brings to the mobile asset and transportation industry. AMCI's engineering department has integrated a data terminal with full keyboard and VGA display screen to the VisTrac(TM) tracking and monitoring system. This 'short message' delivery system specializes in sending predefined messages that could have a time stamp or GPS location included in each message. The VisTrac(TM) system is designed to utilize a satellite small data packet delivery system, and can also send free form messages with 'by the byte billing.'''
About American Consolidators
American Consolidators, Inc. is a Las Vegas-based truckload, consolidation, airfreight, warehousing and storage company, with additional locations in Fontana, California, and Costa Mesa, California. In less than one year, the company has grown from 20 to 189 employees. A recent edition of ``Exhibit City News'' featured an article on American Consolidators as establishing new trends for the trucking industry.
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. AMCI is a licensed value-added reseller for Vistar Datacom. AMCI 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, Signa Engineering, 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 complement the Company's core business. www.amc-wireless.com
About Vistar Datacom
Vistar Datacom provides customers with satellite data communication services throughout North America, Mexico, Central America and the Caribbean. Vistar's unique GlobalWave(TM) system is a highly reliable, complete end-to-end, power-efficient solution for asset management, monitoring, tracking and other applications. Based in Herndon, Virginia, Vistar Datacom works with direct customers, Value Added Resellers and partners to deliver the GlobalWave(TM) solution. www.vistardata.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.
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Contact:
American Millennium Corporation, Inc., Golden
Andrew F. Cauthen, 303/279-2002, ext. 650
acauthen@amc-wireless.com |
