American Millennium Corporation, Inc. Announces New Open Tank Monitoring System.Business Editors GOLDEN, Colo.--(Business Wire)--April 26, 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 it has begun to deploy the "SatAlarm(TM) STM (Scanning Tunneling Microscope) A microscope that can image down to the atomic level. An STM uses a piezoelectric tube with a tiny sharp tip at the end that is moved within nanometers of the object being sampled. ," a new, inexpensive, and effective satellite-based communication system developed by the company for measuring and monitoring open pit tanks at newly developed methane gas reserves in northeastern Wyoming and southeastern Montana's Powder River Basin The Powder River Basin is a region in southeast Montana and northeast Wyoming about 120 miles east to west and 200 miles north to south known for its coal deposits. It is both a topographic drainage and geologic structural basin. . The system technology has already been successfully field tested on gas wells in the San Juan Basin The San Juan Basin is a drainage basin and geologic structural basin in the Four Corners region of the Southwestern United States; its main portion covers around 4,600 square miles, encompassing much of northwestern New Mexico, northeastern Arizona, and parts of Colorado and Utah. in New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , according the company. AMCI Chairman and Vice President of Business Development, Stephen F. Watwood said, "Coal bed methane gas wells can produce water-based by-products held in open tanks adjacent to the well sites. These by-products range from fresh to salt water to a thick sludge and everything in between, making accurate level detection difficult. Typically, pressure gauges or costly radar-type sensors have been used to measure tank levels. The AMCI SatAlarm(TM) STM is an inexpensive and reliable solution to this common problem." 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, noted that as recently as 1997 there were only 269 producing coal bed methane gas wells in the Powder River Basin. "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. known reserves, there is a potential for over 15,000 wells in that area alone. This is a prime opportunity for AMCI to direct a sales effort toward that market as well as others with this new and unique product. The SatAlarm(TM) STM is a practical and affordable alternative to current tank level monitoring performed manually or by relatively expensive monitoring equipment," he said. AMCI Chief Technology Officer and Vice President of Engineering Bruce Bacon stated that the newly developed sensor package was designed specifically for monitoring mixed fluids of varying density in these tanks. When the sensor package is integrated with the current SatAlarm(TM) core, it allows monitoring of the tanks via a secure Internet website. "We can now offer the industry a reliable device to measure these tank levels at a fraction of the cost of anything on the market today," he said. Plans call for AMCI to aggressively market the SatAlarm(TM) STM to the rapidly emerging methane gas industry. According to published information, coal bed methane gas, known as CBM CBM Commodore Business Machines CBM Coalbed Methane CBM Christoffel Blindenmission CBM Condition Based Maintenance CBM Confidence-Building Measures CBM Curriculum Based Measurement (education) CBM Cubic Meter , is practical, abundant, clean-burning, and can be delivered directly into gas pipe lines without the need for major clean-up. Having been regarded in the past as a risk factor in coalmine explosions, CBM now accounts for approximately 5% of all natural gas production. "We believe a strong and growing demand exists for the SatAlarm(TM) STM. The low cost and unique qualities of this satellite-based monitoring system can make it possible to capture significant numbers of customers with equipment sales, and create monthly revenues at the same time," Cauthen added. AMCI is a provider of wireless and wire-line solutions for tracking mobile assets and remote monitoring (protocol) remote monitoring - (RMON) A network management protocol that allows network information to be gathered at a single computer. Whereas SNMP gathers network data from a single type of Management Information Base (MIB), RMON 1 defines nine additional MIBs that provide a of fixed assets fixed assets npl → activo sg fijo fixed assets npl → immobilisations fpl fixed assets fix npl → through a network of Low-Earth-Orbit Satellites (LEOs), Geo-Stationary Satellites (GEOs), and Local Area Networks (LANs). To date, the company has hundreds of satellite communication systems in the field tracking, monitoring, and reporting data on oil wells, natural gas compressors, rail cars, and trucks. In addition to hardware sales, AMCI generates revenues from the airtime sales. AMCI is an applications service provider (ASP,) providing data access, tracking, and analysis packages for customers via the Internet. This press release contains forward-looking statements that could involve risk, and uncertainties that could cause the company's actual results and experience to differ materially from anticipated results and expectations expressed herein. In particular, AMCI's plans may be revised, and its actual results may differ materially from that indicated by its current plans. AMCI's web page address is http://www.amc-wireless.com. |
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