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

To: Joe Copia who wrote (9232)	10/27/1998 1:21:00 PM
From: JohnO	Respond to of 25711

Tuesday October 27, 11:43 am Eastern Time Company Press Release Banyan Establishes Dividend Record and Payable Dates COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Oct. 27, 1998--Banyan Corporation (OTC BB:BANY - news) announces that its Board of Directors has established record and payable dates for the previously announced stock dividend of 200,000 shares of Anything Internet Corporation Common Stock. Shareholders of record on Nov. 3, 1998, will receive a pro-rata distribution of the Anything Internet shares on Dec. 7, 1998. The exact dividend ratio will be determined by the number of Banyan shares issued and outstanding on the record date, but is anticipated to be approximately one share of Anything Internet stock for every 45 shares of Banyan Common Stock held. Fractional shares will not be issued; any fractional amounts will be rounded downward. On Sept. 9, 1998, Banyan entered into an agreement to acquire a 33% minority interest, or one-million shares of Common Stock, in Internet retailer Anything Internet. After paying this dividend, Banyan will retain 800,000 shares of Anything Internet's stock. Anything Internet anticipates its Common Stock will commence trading on the OTC Bulletin Board sometime in late Fall 1998. Cameron Yost, Banyan's President and Chief Executive Officer, stated, ''Management is very pleased to be able to share in the growth of the Company with its shareholders through this dividend of Anything Internet Common Stock. Our relationship with Anything Internet continues to grow daily and we believe that the Internet will continue to play an increasingly larger role in the computer retail industry. ''By moving early, Banyan is working to develop key relationships with companies such as Anything Internet that will add to the long-term growth and viability, while enhancing the overall value, of Banyan and its subsidiaries.'' Banyan Corporation is a publicly traded holding company with operating subsidiaries engaged in designing, manufacturing and marketing a variety of personal computer accessory products with a focus on the notebook computer market -- the fastest growing segment of the personal computer industry. Through its wholly-owned DoubleCase Corporation subsidiary, Banyan is a leading manufacturer of notebook computer hard-sided protective carrying cases. Banyan's products are currently available through distribution from Ingram Micro and sold through a wide variety of computer mail order catalogs, several of the largest U.S. computer retailers, Value Added Resellers (VARs), a number of overseas vendors and to the U.S. government. The Private Securities Litigation Reform Act of 1995 provides a ''safe harbor'' for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Banyan Corporation) contains statements that are forward-looking, such as statements relating to the future anticipated direction of the high technology industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Banyan Corporation. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, changes in federal or state tax laws and market competition factors. Contact: Sitra Enterprises Inc., Austin Investor Relations, 512/453-3817 bany@sitra.com sitra.com

To: Joe Copia who wrote (9232)	10/27/1998 1:30:00 PM
From: JohnO	Read Replies (2) \| Respond to of 25711

October 27, 1998 AMERICAN GENERAL VENTURES INC (AMGV) Quarterly Report (SEC form 10QSB) - MANAGEMENT DISCUSSION AND ANALYSIS Results of Operations During the period from July 1, 1998 through September 30, 1998 the Company revenues were $385,961 compared with $109,385 for the same period in 1997. The increase in revenues was due to the Company's subsidiary ACI Micro Systems, Inc. restructuring its strategy by concentrating on online sales. In addition to selling its products through Wal-Mart Online, the Company developed its own web site offering its branded computers at extremely competitive price points. The combination of sales through Wal-Mart Online and the Company's web site increased it computer sales by more than 350 percent. Net income for this period was $35,856 compared to a loss of ($50,401) for the same period in 1997. The increase in income was due to the increase in sales generated through Wal-Mart Online and the Company's web site. During this current period Wal-Mart Online introduced the Company's build to order (BTO) computer. The BTO accounted for an eighty percent increase in sales generated by Wal-Mart Online. The increase in profits was also due to the Company reducing its costs incurred by returns from Wal-Mart retail outlets. The company's strategy of marketing its product solely through the internet has proven effective in reducing returns. The Company's sales through its own web site were nearly sixty percent of its revenues. The Company's success in online sales is directly correlated to its banner ads that ran on Hotmail, the world's largest free e-mail company that was recently acquired by Microsoft. The Company continues to use Hotmail to advertise its products, but plans to expand its banner ads on additional web site promoters and expects that the additional exposure will result in increased revenues and profits. Working Capital and Capital Resources Working capital at September 30, 1998 (current assets less current liabilities) totaled $8,834 compared to $163,634 at June 30, 1997. The decrease in working capital was due to a decrease in inventory and an increase in short term debt to its President Steven H. Walker. In 1997, Dr. Walker converted $500,000 of the Company's debt owed to him to equity. He accepted the Company's common stock at $1.00 per share to reduce the debt. In 1998, Dr. Walker deferred his salary and loaned the company additional funds to pay off debts owed to vendors reducing the Company's accounts payable to vendors by more than $80,000. The Company has adopted a "just in time" method of inventory that has resulted in the need for using capital to purchase products before they are sold. This strategy allows the Company to increase its cash position and reduces the cost of inventory that depreciates rapidly in the computer industry. The Company has determined that its working capital is sufficient to continue operations and that no significant adjustments were necessary during this current quarter.