American General Ventures Provides Build-to-Order Computers on Wal-Mart Stores Inc.'s Online Store.COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--Aug. 5, 1998--American General Ventures, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AMGV), through its 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. 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 Micro Systems, Inc. (ACI) announced that its Build-To-Order (BTO) desktop, tower and notebook computers are now available at Wal-Mart Online (www.wal-mart.com). American General Ventures has been selected as the exclusive vendor for the Wal-Mart BTO computer program. The Company began its partnership with Wal-Mart Stores, Inc. (NYSE NYSE See: New York Stock Exchange :WMT) in 1995 by distributing its pre-configured computers through numerous Wal-Mart retail outlets. Because of the success ACI had with these retail stores, expanding its presence from eight to 70 stores in one year, the Company was asked in June 1997 to feature its computers on the retailer's new Internet storefront. ACI's "Avail" line of pre-configured computers has since occupied a prominent position on that web site and is consistently a featured item. The Company believes that the BTO computer program will greatly exceed the sales of previous programs as it allows consumers to custom configure a computer to their own particular desires and represents the fastest growing segment of the personal computer industry. The Company also recently announced that it has implemented its own secure e-commerce web site to increase the marketing and distribution of its computer products via the Internet. The Company's web site (www.availpc.com) is promoted through Hotmail, a free e-mail service owned by Microsoft (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ). Hotmail's membership of over 16 million registered users makes it the world's largest free e-mail service. The Company's web site features a direct link to Wal-Mart's BTO web site.
CONTACT: American General Ventures, Inc.
Investor Relations, (719) 548-1616 x16
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