AIM Web Site Introduces Online Transactions Capabilities.HOUSTON--(BUSINESS WIRE)--Oct. 4, 1999-- A I M Management Group Inc. (AIM), announced today that its Web site, http://www.aimfunds.com, has introduced online transaction capabilities to shareholders of AIM's retail mutual funds. AIM is a member of the $295 billion AMVESCAP Group (NYSE NYSE See: New York Stock Exchange :AVZ). This new service allows existing shareholders to use the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the to make subsequent purchases as well as exchange and redeem redeem v. to buy back, as when an owner who had mortgaged his/her real property pays off the debt. The term also refers to paying the amount due and all charges after a foreclosure (due to failure to make payments when due) has begun. shares in existing accounts for any of AIM's 55 domestic, international and global retail funds. Shareholders can learn more about AIM's online transactions option at AIM's Web site, http://www.aimfunds.com. "The goal of aimfunds.com is to provide easily accessible information and customized services that meet the needs of our clients," said Margaret Reilly, AIM's director of electronic commerce. "Offering online transaction capabilities is a natural step for our Web site as we think our customers will benefit from this convenient service." AIM was founded in 1976 and ranks as the nation's 10th-largest mutual fund complex, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. independent mutual fund monitor Strategic Insight, with approximately $121 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and 6.3 million shareholders as of June 30, 1999. AMVESCAP PLC had $295 billion in assets under management as of June 30, 1999. Note to editors -- We are required to include the following information with our news release: For more complete information about any AIM Fund, including sales charges Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select and expenses, please obtain the appropriate prospectus(es) from your financial consultant or by calling 800/347-4246. Please read the prospectus carefully before you invest or send money. For more information about AIM, visit our Web site: http://www.aimfunds.com. A I M Distributors, Inc., Distributor. |
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