American Millennium Announces Disposition of Sat-Trac Application Software.

Business Editors

GOLDEN, Colo.--(BUSINESS WIRE)--Sept. 23, 2002

American Millennium Corporation, Inc. (OTCBB:AMCI) announced today that it has structured an agreement for the disposition of its Sat-Trac application software. That disposition is subject to events that have not yet occurred including financial arrangements and so cannot be considered to be a completed transaction. AMCi will provide further information as to the final disposition of the Sat-Trac software including the acquiring party at the appropriate time.

The Sat-Trac backend application software provides a method for receiving, polling and archiving information on the location and activities of mobile assets and was acquired by AMCi to augment AMCi's own internally developed backend application software, SatAlarm. With the current acceptance of the SatAlarm software by AMCi's customers, the Sat-Trac software has become redundant and it was deemed prudent to find a potentially better use for the program with the opportunity for long-term royalties. Its disposition will also reduce support costs for AMCi and allow all of the company's software resources to be focused on the SatAlarm program.

About AMCi

AMCi, headquartered in Golden, Colorado, is a provider of wireless solutions for tracking and monitoring of mobile and fixed assets utilizing wireless communication technology and its own collection hardware and proprietary software applications. The core of AMCi's business is the provision of information collected from remote assets to the owner/operator for use in their management of those assets. The information can be provided on a secure website at AMCi's server facilities for access by the owner/operator through the Internet and a web browser or by pager, cellular phone or PDA. AMCi is a licensed value added reseller for Vistar Datacom in the United States and Canada and is the Vistar licensed Regional Operator for South America.

This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, forecasts and assumptions that are subject to risks and uncertainties that could cause actual outcomes and results to differ materially from these statements. Risks and uncertainties include the ability of the Company to complete the transaction in question and the completion of agreed upon payments by the acquiring party. Risks and uncertainties may also include those set forth in the Company's Annual Report on Form 10-K for the year ended July 31, 2001, and other documents filed by the Company from time to time with the Securities and Exchange Commission. It is expected that the Form 10-K for the fiscal year ended July 31, 2002 will be filed as required. Copies are available through the SEC's Electronic Data Gathering Analysis and Retrieval system (EDGAR) at www.sec.gov. The Company assumes no obligation to update the forward-looking statements included in this document.