American Risk Management Appoints Former CMG Chief Executive Officer as New President.

Business Editors

NEW YORK--(BUSINESS WIRE)--July 21, 2000

American Risk Management Corporation (OTCBB:ARMM), today announced the appointment of James H. Clingham as President of the telemedicine and mobile diagnostic Company. Mr. Clingham will oversee strategic planning as well as day-to-day operations of the American Risk Management.

In making the announcement, Ronald Wilheim, CEO, introduced Clingham as a "veteran of the business world who carries with him an impressive history of experience in the telecommunications and telemedicine fields." Clingham brings with him an extensive background of management and leadership. Previously Chief Executive Officer of CMG of Princeton, New Jersey, the group which was formed to consolidate and manage existing businesses in the telemedicine, medical diagnostic, and medical data fields. CMG also provides Mobile Screening and Diagnostic Kiosks through The Wellness Shop. Additionally, through Leaseonlife.com, the company offers health and wellness information to the Internet community as well.

In addition to his experience with CMG, Clingham also serves as Vice Chairman of Galaxis USA, Ltd., the American subsidiary of Galaxis Holding, a German based company involved in the worldwide research, manufacture and distribution of consumer electronic products. Mr. Clingham served as Founder and President of Galaxis USA through its successful introduction and licensing of two State of the Art Consumer Satellite Reception products.

Until December 1995, Clingham served as Vice President of Corporate Affairs at the David Sarnoff Research Center, now Sarnoff Corporation in Princeton. As a licensed attorney, Mr. Clingham served as General Counsel to Sarnoff and headed Sarnoff's efforts to develop spin-off companies, resulting in three such spin-offs during 1994-95. He played a key role in the formation of the Grand Alliance Consortium introduction of HDTV to the United States. Clingham also chairs a Management Consulting Firm with offices in Princeton, New Jersey, and Orlando, Florida, which has a wide variety of clients in the telecommunications, intellectual property, and medical fields. He serves on various USA and International Boards.

In accepting his appointment, Clingham said that ARMM plans to offer a vast array of health and wellness services to larger geographic sector, as well as, on the World Wide Web. Clingham is eager to continue his career with a company that is positioned to lead in a field he views with the utmost importance to today's society. "I am aware of the attention that needs to be devoted to the medical field and the current need for better health awareness, therefore I find this challenge as a truly exciting experience and believe it will be an opportunity of a lifetime," Clingham said.

Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and the Securities Act of 1934, involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter new markets. The forward-looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for health, wellness and telemedicine services. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward-looking statements, other important factors that could result in those differences include (a) general economic conditions in the health, wellness and telemedicine markets, including inflation, recession, interest rates, and other economic factors; (b) casualty to or other disruption of our facilities and operations; (c) those discussed in our Quarterly Report on Form 10Q for the period ended March 31, 2000; and (d) other factors that generally affect the business of health, wellness and telemedicine companies. We assume no obligation to update those forward-looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward-looking statements.