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Microcap & Penny Stocks : AMGV - David and Goliath of the box makers? -- Ignore unavailable to you. Want to Upgrade?

To: Tom Nealon who wrote (325)	8/24/1998 4:09:00 PM
From: edde	Read Replies (1) \| Respond to of 509

AMGV NEWS RELEASE: Results of Operations From January 1, 1998 through March 31, 1998 the Company's revenues were $73,193 compared with $297,849 for the same period a year ago. The Company had a loss of $54,363 for this period compared to a loss of ($42,533) the same period a year ago. The loss was due to a decrease in revenues from the Company's decision to sell its products only through Wal-Mart Online (www.Wal-Mart.com) and not in Wal-Mart's retail stores. During this period, Wal-Mart Online was in its development stage and there was essentially no marketing for Online products. Wal-Mart Online expects to complete its web page development in six more months. Even though the Company had a significant reduction in revenues, it placed in the top five vendors for Wal-Mart Online. Management's decision to sell only through Wal-Mart Online is due to the fact that the Company will experience greater long term benefits than to continue to expand into additional Wal-Mart retail stores. Some advantages from selling only through Wal-Mart Internet site is that Wal-Mart pays the Company within fifteen days from the time the product is shipped. Other benefits from selling through Wal-Mart Online rather than through their retail stores is that the purchaser has only allowed fifteen days to return the product, the warranty begins the day the purchaser receives the product and the Company has accurate records on when the product is sold and who the purchaser is. Selling Online also provides a "just in time" inventory method that is very beneficial for computer manufactures. The components are not purchased until the order is placed from the customer. This method of inventory reduces expenses of personnel and warehousing, nullifies the guaranteed sale provision and shields the Company from the extraordinary depreciation of costs that are so prevalent in the computer industry. Management is also confident that the change to selling through Wal-Mart Online and not through their retail stores is that Wal-Mart Online plans to feature a "Build to Order" (BTO) computer system. The BTO concept has been one of the reasons that Dell Computers and Gateway Computers have been successful. Wal-Mart Online has given the Company an exclusive to use only the Company's computers in their BTO program. The Company has the opportunity of growing with a new division within the largest retailer in the world. Working Capital and Capital Resources Working capital at March 31, 1998 (current assets less current liabilities) totaled $35,565 compared with $319,038 at March 31, 1996. The decrease in working capital was due to a decrease in revenues and accounts receivables while carrying forward unpaid accounts payable. The Company is developing its own web page to sell directly to the public as well as selling through Wal-Mart's web page. Selling directly to the public will be done through credit cards and will essentially work as factoring but at a lower cost. If the Company is successful with its own web page sales, it will greatly reduce the need for additional financing needed for day to day operations. The Company is seeking capital to meet its marketing needs. Recent Filings: Dec 1997 (Qtrly Rpt) \| Jul 1998 (Annual Rpt) \| Aug 1998 (Qtrly Rpt) More filings for AMGV available from EDGAR Online

To: Tom Nealon who wrote (325)	8/25/1998 8:04:00 AM
From: JohnO	Read Replies (2) \| Respond to of 509

Tom, I believe we have the support in the mid 30's for AMGV. During the last few months it has only taken 10,000 shares or less bought to raise the ask price. Remember that it took from October when the first news release was released about BTO to July before Wal-Mart actually introduced the BTO. They sure move slowly but then again they are the #1 retailer so that means they make fewer mistakes. Personally I want to see a media blitz concerning the BTO. In reality Wal-Mart is going to do what they deem best. With AMGV banner add on Microsoft Hotmail.com this shows me that AMGV isn't just sitting around waiting for Wal-Mart to make a move. IMO even if Wal-Mart does nothing in the form of news releases or advertising we know that AMGV will continue to explore and implement other avenues to increase value. Have a good one. John