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![]() ![]() American Millennium currently has a reseller contract with ORBCOMM USA, L.P., a subsidiary of ORBCOMM Global, L.P., a provider of satellite-based data and messaging communications services. The non-exclusive contract allows American Millennium to provide data transmission to operators of oil and gas wells, intermodal containers, and refrigerated railcars. Eric Griffin, vice president of Griffin Petroleum Company, confirmed that American Millennium will install a satellite transceiver that will send data reports from various sensors to be installed on the well. The data will report the volume of oil and water being pumped, as well as high and low pressure safety switches. In the future it is planned that the equipment will be programmed to shut the pump down should the pressures vary from the specifications programmed into the equipment. Also, according to Griffin, American Millennium will monitor the load cell on the rod string and the down hole pump. According to Griffin, the oil lease operated by Griffin Petroleum is north of Midland and is adjacent to a lease operated by Pennzoil which is utilizing water flooding to enhance oil flow from the ground. He stated that there is a possibility of a positive peripheral effect that could make it necessary to adjust the pump speed to take advantage of the increase in volume. Steve Watwood, CEO of American Millennium, confirmed that all of the data and adjustment capability that Griffin Petroleum would require can be accomplished through satellite monitoring. He noted that once the equipment is installed over the next several weeks, a Web site will be posted that will allow anyone to go on-line and view the conditions and data being reported to Griffin Petroleum. The data is provided to American Millennium through the ORBCOMM system. The ORBCOMM satellites download the data into earth stations operated by ORBCOMM in New York, Arizona, Georgia, and Washington state. Energy Optics, Inc. and American Millennium Corporation have agreed to merge with Energy Optics, Inc. to be the surviving corporation. The merger will be ``effective'' upon the acceptance for filing of Articles of Merger by the New Mexico Corporation Commission and a Certificate of Merger by the Delaware Secretary of State's office. At a Special Meeting of the shareholders of Energy Optics, Inc. held on May 27, 1998 the stockholders voted to amend Energy Optics, Inc.'s Articles of Incorporation to, amongst other things, change the name of the company to American Millennium Corporation, Inc. Upon acceptance for filing of the Amendment to the Articles of Incorporation of Energy Optics, Inc. by the New Mexico Corporation Commission, notification of the name change will be submitted to the Securities and Exchange Commission and National Association of Securities Dealers, and a new stock ``ticker'' symbol and CUSIP number applied for. This press release contains forward-looking statements that involve risk and uncertainties that could cause the Company's actual results and experience to differ materially from anticipated results and expectations expressed in these forward-looking statements. In particular, Energy Optics' plans may be revised, and its actual results may differ materially from that indicated by its current plans, in each case as a result of a variety of factors, including: (i) the availability of financing and regulatory approvals; (ii) the number of potential customers in a target market; (iii) the existence of strategic alliances or relationships; (iv) technological, regulatory or other developments in the Company's business; (v) changes in the competitive climate in which the Company operates; and (vi) the emergence of future opportunities. Contact: James C. Statham Energy Optics, Inc. 352-742-5010
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