American Millennium Corporation, Inc. Announces New General Motors Order for Advanced Engineering Development and Satellite Airtime.Business Editors & High-Tech Writers GOLDEN, Colo.--(BUSINESS WIRE)--Oct. 5, 2000 American Millennium Corporation, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMCI AMCI Advanced Micro Controls Inc. AMCI Automotive Marketing Consultants, Inc. AMCI Air Mobility Command Instruction AMCI Associazione Italiana Medici Cattolici (Italian Association of Catholic Physicians) ) announced today that General Motors Corporation (NYSE NYSE See: New York Stock Exchange :GM) Truck Group has placed a new order for advanced engineering development and satellite airtime for vehicle interface boards designed and manufactured for GM by AMCI. AMCI Chairman and Vice President of Business Development, Stephen F. Watwood, stated: "AMCI is providing the GM Truck Group (GMTG GMTG General Motors Truck Group GMTG Guild Musical Theatre Group (Birmingham University Guild of Students Society) ) with engineering and Subscriber Communicators (SCs) for deployment in their fleet of test vehicles. The systems track vehicle location and communicate remotely with the vehicle's data bus utilizing satellite communications, along with an Internet-based back-end software package." Additionally, Watwood noted that the GMTG encompasses GM's lines of sport utility vehicles This page lists sports utility vehicles currently in production (as of April 2007), as well as past models. The list includes crossover SUVs, Mini SUVs, Compact SUVs and other similar vehicles. (SUVs) such as the Jimmy, Blazer, Suburban, Yukon, and Tahoe, as well as small pickups, the Silverado and Sierra light trucks, the van and utility vehicle lines, and medium-duty commercial trucks. "The new purchase order received from General Motors is significant to AMCI," said Andrew F. Cauthen, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AMCI. "Not only does this purchase order expand AMCI's engineering commitment to the General Motors project, more importantly it approves additional monthly recurring revenue to AMCI. This one purchase order, which represents about $130,000 for the fiscal year 2000/2001, includes almost $70,000 of annual recurring revenue. Recurring revenue is the focus of AMCI's business model, as evidenced by the recent announcement of the sale of 1,000 tracking systems sold for fleet applications in Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. , which will result in over $400,000 in annual recurring revenue when fully deployed." According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. AMCI VP of Engineering and Chief Technology Officer Bruce R. Bacon: "The General Motors Truck Group (GMTG) has deployed AMCI's systems in their fleet of test vehicles. With one of these systems installed in the vehicle, from the desktop and using only a web browser The program that serves as your front end to the Web on the Internet. In order to view a site, you type its address (URL) into the browser's Location field; for example, www.computerlanguage.com, and the home page of that site is downloaded to you. , GMTG's staff can see where the vehicle is located on a map, view engine start and stop events, and communicate directly with the vehicle's onboard data network. The ability to have affordable worldwide wireless communication with the electronic modules in the vehicle is revolutionary. Near real-time access to vehicle diagnostic and operating data opens up all kinds of pre- and post-production opportunities," Bacon said. It was announced in August that General Motors Corporation's Desert Proving Grounds (DPG DPG diphosphoglycerate. ) Group purchased AMCI's satellite-based systems for tracking and messaging for GM's race vehicles running the Baja 1000 annual off-road race event this November along Mexico's Baja Peninsula. "We are pleased and excited to have General Motors as a valued customer of AMCI's North American operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. . In addition to a marketing effort designed to build a solid customer base in North America and Costa Rica, we are anticipating a significant presence in Brazil and all of South America in 2001. We are currently building awareness and acceptance of our products and services in the vast South American market through an international sales and marketing alliance," stated Cauthen. About the Company AMCI is a provider of wireless and wire-line solutions for tracking and monitoring of mobile and fixed assets utilizing Low-Earth-Orbit Satellites (LEOs), Geo-Stationary Satellites (GEOs), and terrestrial wireless and wireline technologies. The company has installed satellite communication systems in the field for tracking, monitoring, and reporting data on oil wells, natural gas compressors, rail cars, and trucks. AMCI is currently providing satellite-based services to General Motors, U.S. Army Corps of Engineers, Chevron, The Hanover Company, Compressor Systems, Inc. (CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International ,) Cabot Oil & Gas, Cross Timbers Oil & Gas, among others. In addition to hardware sales, AMCI generates monthly revenues from airtime sales. AMCI is an applications service provider (ASP,) providing data access, tracking, and analysis packages for customers via the Internet. AMCI continues to actively consider additional acquisitions or business combinations that would compliment the Company's core business. Statements about the Company's future expectations, including future revenues, earnings and transactions, as well as all other statements in the press release other than historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results and other corporate developments could differ materially from that which has been anticipated in such statements. |
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