American General Ventures Reports Third Quarter Results.COLORADO SPRINGS Colorado Springs, city (1990 pop. 281,140), seat of El Paso co., central Colo., on Monument and Fountain creeks, at the foot of Pikes Peak; inc. 1886. It is a year-round resort and a booming military, technological, and commercial city. , Colo.--(BUSINESS WIRE)--Oct. 12, 1998-- American General Ventures, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:AMGV) reported at its annual shareholders meeting that its third quarter revenues of more than $420,000 were up nearly 400 percent from its second quarter 1998. The Company also reported that the third quarter 1998 revenues were up nearly 450 percent from its third quarter 1997. The increase in revenues was due to the Company selling its affordable branded pre-configured and build to order (BTO BTO British Trust for Ornithology BTO Business Technology Optimization BTO Bachman Turner Overdrive (band) BTO Business Transformation Outsourcing BTO Build-Transfer-Operate BTO Brutto (German: Gross [quantity]) ) computers through Wal-Mart Online and its newly developed web site (www.availpc.com) that is advertised through Hotmail, the world's largest free e-mail See Internet e-mail service. provider. Avail is the name of the Company's principal line of high-quality, low-priced, home and small business computer systems. The Company expects that its relationship with Hotmail and other web browsers The following is a list of web browsers. Historical Historically important browsers In order of release:
The Company has been a vendor for Wal-Mart for three years and has been online with them for more than a year. Wal-Mart Online recently offered the Company's BTO computer that now accounts for about 70 percent of the Company's sales through Wal-Mart's web site. At its online store (www.availpc.com) the Company offers five pre-configured computers ranging from an MII-300 system, including monitor, for $699.00 to a 233MMX (MultiMedia EXtensions) A set of 57 additional instructions built into the Pentium MMX chip for improved multimedia and modem performance by performing mathematical operations on multiple sets of data at the same time (see SIMD). notebook with active matrix screen for less than $1,600. This web site generates approximately 60 percent of total Company revenues. When used in this report the words "should", "believe", "anticipate", "expect," and similar expressions are intended to identify forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Such statements indicate management's reasonable assessment of the results of targeted programs and policies. These results are subject to risks and uncertainties that could cause actual results to differ materially from those projected. |
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