Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (8481)	10/12/1998 3:11:00 PM
From: campe	Respond to of 25711

AMGV News - Third Qtr Results... Business Wire AMERICAN GENERAL VENTURES REPORTS THIRD QUARTER RESULTS BUSINESS EDITORS COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Oct. 12, 1998-- American General Ventures, Inc. (OTC BB:AMGV.O) reported at its annual shareholders meeting that its third quarter revenues of more than $420,000 were up nearly 400 percent from its second quarter 1998. The Company also reported that the third quarter 1998 revenues were up nearly 450 percent from its third quarter 1997. The increase in revenues was due to the Company selling its affordable branded pre-configured and build to order (BTO) computers through Wal-Mart Online and its newly developed web site (www.availpc.com) that is advertised through Hotmail, the world's largest free e-mail provider. Avail is the name of the Company's principal line of high-quality, low-priced, home and small business computer systems. The Company expects that its relationship with Hotmail and other web browsers will result in continued revenue increases. Having its presence on Hotmail and additional web browsers complements the Company's current distribution of its product online through its web site and Wal-Mart Online. The Company has been a vendor for Wal-Mart for three years and has been online with them for more than a year. Wal-Mart Online recently offered the Company's BTO computer that now accounts for about 70 percent of the Company's sales through Wal-Mart's web site. At its online store (www.availpc.com) the Company offers five pre-configured computers ranging from an MII-300 system, including monitor, for $699.00 to a 233MMX notebook with active matrix screen for less than $1,600. This web site generates approximately 60 percent of total Company revenues. When used in this report the words "should", "believe", "anticipate", "expect," and similar expressions are intended to identify forward-looking statements. Such statements indicate management's reasonable assessment of the results of targeted programs and policies. These results are subject to risks and uncertainties that could cause actual results to differ materially from those projected. --30--MG/dx* CONTACT: American General Ventures, Inc. Investor Relations, (719) 548-1616 x16 KEYWORD: COLORADO INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS RETAIL EARNINGS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire