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Technology Stocks : AMGV is Wal-Marts online BTO Vendor -- Ignore unavailable to you. Want to Upgrade?

To: JohnO who wrote (51)	8/3/1998 5:18:00 PM
From: JohnO	Respond to of 91

Okay here's the first news release by Wal-Mart on BTO. Wal-Mart Online to Roll Out Built to Order Computers Contact: CHRIS WALKER (719) 548-1616 Bentonville -- August 3, 1998 -Wal-Mart Stores, Inc. announced today that it will begin offering custom configured computers through its Wal-Mart Online internet site (www.wal-mart.com). The computers, available in tower, desktop and laptop models, will feature a wide variety of hardware and software options. "We are always looking for ways to increase value and convenience for our customers." said Phil Martz, Director of Wal-Mart Online, "Built to order computers are another way that we can bring that to Wal-Mart Online customers. Custom configuration allows us to offer customers the computer that directly meets their needs." The computers will be marketed under the Avail brandname. ACI Microsystems, a wholly owned subsidiary of American General Ventures, Inc. (OTC bulletin board: AMGV) will handle production as well as technical support and warranty repairs. "The Wal-Mart Online order process is very user-friendly, allowing customers to easily configure and purchase their computers. After the order is received, their computer will be shipped from ACI within 5 (five) working days direct to their home or place of business," said Chris Walker, Chief Operating Officer of ACI Microsystems. Wal-Mart Stores, Inc., based in Bentonville, Arkansas, operates more than 2,800 stores and clubs in 50 states. Internationally, the company operates units in Argentina (13), Brazil (9), Canada (145), Germany (21), Korea (4), Mexico (404) and Puerto Rico (14), and under joint venture agreements in China (3). Wal-Mart employs more than 720,000 associates in the U.S. and 115,000 internationally. Wal-Mart (WMT) is listed on the New York and Pacific stock exchanges.