AmeriStar Network, Inc. Announces Letter of Intent to Acquire Government Micro Resources, Inc

Business Wire, May 5, 1999

ST. GEORGE, Utah--(BUSINESS WIRE)--May 4, 1999--

GMR is a Virginia based provider of information technologies along

with Collaborative Computing, Computer Telephony, Document and

Digital Imaging, Enterprise Storage Solutions, and Visual Computing

AmeriStar Network, Inc. (OTC BB:AMWK) Tuesday announced that the deposit requirements to execute a letter of intent signed April 8th, 1999 between Government Micro Resources, Inc. (GMR) and CVS Technologies, Inc. a wholly owned subsidiary of AmeriStar, as been met.

AmeriStar will acquire all of the assets and 49% of the issued and outstanding shares of GMR. The initial deposit of $500,000 of capital has been deposited into an escrow account at Attkisson, Carter & Akers, Inc., an Atlanta Georgia brokerage firm, for the benefit of GMR. The total purchase price will be disclosed at a later date.

GMR is a recognized leader in providing information technologies to the public and private sector. GMR was ranked 44th in revenue in supplying IT products and services to the federal government. In 1997, GMR was cited as the second largest 8(a) government contractor and 35th in NASA*s top 100 federal contractors.

GMR forecasts $143.1 million in total revenues for 1999 with a net income of 4.1 million. GMR contract revenue for 1998 was $111.5 million.

Other targeted inter-phase acquisitions to be announced after the first phase of interim financing.