American General Ventures' wholly owned subsidiary, ACI Micro Systems, expands its marketing agreement with Wal-Mart.COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--June 12, 1997--ACI Micro Systems, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of American General Ventures (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMGV), received a second vendor agreement from Wal-Mart Stores, Inc. to market its computers through Wal-Mart Online. ACI ACI American Concrete Institute ACI Arch Coal Inc ACI Airports Council International (formerly Airport Associations Coordinating Council) ACI Automobile Club d'Italia ACI American Competitiveness Initiative will offer several models of pre-configured desktop and notebook computers as well as customized computers through Wal-Mart Online's interactive web site. ACI has been selling its computers and accessories through Wal-Mart retail outlets since August 1995. ACI products are available in twelve Wal-Mart districts with retail stores and supercenters located in New Mexico, Oklahoma, Missouri, Iowa, Colorado, Kansas and Nebraska. ACI computers are assembled in Colorado Springs by unwed mothers that graduated from the NewStart program developed by AMGV. The NewStart program trains welfare recipients to assemble computers. Upon successful completion of the program, the company hires the trainees and removes them from the welfare roles. Seventy-five percent of the welfare recipients hired by AGV AGV Automatic Guided Vehicle AgV Arbeitsgemeinschaft der Verbraucherverbände (Germany: Working Party of the Consumer Associations) AGV Automotrice à Grande Vitesse (French high speed train, successor to the TGV) have been with the company for about one year and continue to remain off welfare. CONTACT: American General Ventures, Inc., Colorado Springs Investor Relations Investor relations The process by which the corporation communicates with its investors. , 719/532-9442 |
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