AMG Announces Deal With e-Webtraders.com.Business Editors ATLANTA--(BUSINESS WIRE)--March 30, 2000 Elite Technologies, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ETCH To create a design in a material by digging out the material. The circuit designs on printed circuit boards and chips are etched by acid. See chip and printed circuit board. ) announced today its wholly subsidiary, AMG AMG All Music Guide (music website) AMG All Media Guide (group of media websites) AMG All Movie Guide (Movie website) AMG Arzneimittelgesetz (German Law) , Ltd. has signed a letter of intent with e-Webtraders.com, Inc. for the purchase of 5,000 (five thousand) kiosk units. The units will be deployed in Mexico and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . This represents a minimum of $12 million in revenue to Elite. AMG, a company based in the Atlanta area providing internet kiosks to the hotel, airport, entertainment and other industries, uses a unique system to provide internet access See how to access the Internet. to its clients. The kiosks, which allow the user to browse the internet, retrieve email, and other internet based activities on a pay by minute basis, uses a proprietary software system developed and owned by AMG. Randy Ragsdale, President of AMG, Ltd. said, "We are very excited to have the opportunity to enter into the South American market. This will expand AMG's marketplace, and open many new portals. We look forward to an ongoing relationship with e-Webtraders.com." Elite Technologies already provides internet services through Elitetech.Com, which provides web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. , web development, and e-commerce services on the internet. Elite's other two divisions, Elite Integration and Workstream Staffing provide custom software development, integration and implementation, and technical staffing augmentation services. Elite Technologies is also an integration and reseller of Eastman Software and a premier partner with Hewlett Packard. Products through Eastman include document imaging, workflow and COLD (Computer Output to Laser Disc Computer Output to Laser Disc - Enterprise Report Management ). Notice: This release and oral statements made from time to time by company representatives concerning the same subject matter may contain so-called "forward-looking statements." These statements can be identified as "forecasts," "projects," or words of similar meaning and by the fact that the statements frequently are used in discussing regulatory submissions and approvals, development programs, etc. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. No forward-looking statement is a guarantee of future results or events, and one should avoid placing undue reliance upon those statements. |
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