American General Ventures Signs Advertising Agreement With Hotmail

Business Wire, June 23, 1998

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--June 23, 1998--American General Ventures, Inc (OTCBB:AMGV), today signed an advertising agreement to market its products through Hotmail Corporation, the world's largest Internet e-mail provider. Hotmail, the world's leading provider of globally accessible, free Web-based electronic mail to over 12 million active accounts, is a wholly owned subsidiary of Microsoft Corporation (NASDAQ:MSFT). American General Ventures markets its affordable, branded multimedia computer systems directly to consumers from its newly revamped web site (www.availpc.com). 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 new relationship with Hotmail will enhance its strategy of using the Internet to sell high volumes of multimedia computer systems directly to consumers and small businesses. The Company believes that a large portion of Hotmail's users are potential Avail computer purchasers and will represent a significant opportunity to add new revenues. Having a relationship with Hotmail complements the Company's current distribution of its product online through the world's largest retailer's web site.

AMGV is a leading marketer and distributor of affordable, branded multimedia computer systems directly to consumers and small businesses via the Internet and other distribution channels. The Company began a relationship with the world's largest retailer in 1995 by selling its computers in its retail outlets. Because of the success the Company had with these retail outlets, expanding its presence from eight to 70 stores in one year, the retailer asked the Company to feature its Avail computers on its online store. American General Ventures quickly became one of the top five revenue generators of the retailer's online store. The retailer's online store currently plans to offer build-to-order ("BTO") computers in late-1998 and has committed to using the Company as its main BTO vendor.

When used in this report the words "should", "believe", "anticipate", "expect," and similar expressions are intended to identify forward-looking statements. Such statements indicate management's reasonable assessment of the results of targeted programs and policies. These results are subject to risks and uncertainties which could cause actual results to differ materially from those projected.

For more information on American General Ventures and its business relationships, please visit our web page at www.availpc.com.

    CONTACT:  American General Ventures Inc., Colorado Springs
               Investor Relations, 719/548-1616