NEWS -- NEWS -- NEWS
(PR NEWSWIRE) First Americans Mortgage Corp Signs Memorandum of Understand
First Americans Mortgage Corp Signs Memorandum of Understanding with Realty
World America
OVERLAND PARK, Kan., Aug. 11 /PRNewswire/ -- Dustan R. Shepherd president
of First Americans Mortgage Corporation, an AmeriResource Technologies, Inc.
subsidiary (OTC Bulletin Board: ARET) and Bonnie Mays, Vice President National
Sales and Services of Realty World America, Newport Beach, CA. announced today
that the companies have signed a Memorandum of Understanding. Realty World
America ( www.realtyworld.com ) is a national real estate firm with over
400 brokers located throughout the United States.
The MOU focused on three priorities:
* Through their existing Realty World Broker Network, Real World America
will provide real estate marketing services to FAMC's Native American
customers. The initial focus will be on off reservation Native American
customers with discussion to continue in respect to establishing real estate
brokerage operations on reservations.
* FAMC will proceed expeditiously to finalize an agreement to purchase the
exclusive marketing rights to Realty World Broker Networks located in
strategic states and throughout Indian Country.
* FAMC and Realty World America will explore combining their expertise and
customer base to provide mortgage financing to non-Native Americans through
the Internet, video conferencing and other state of the art e-commerce
technologies.
"Once again FAMC is proud to announce another nationally known partner
with the stability and vision of Realty World America," commented Shepherd.
"The company's presences in each of our primary markets will allow us to
utilize their existing network immediately while moving expeditiously to
solidifying FAMC's future in the real estate brokerage industry. We are also
excited about the abundant possibilities that exist between both companies
concerning non-Native American home buyers and their need for mortgage
financing."
Ms. May commented, "We see the future being in building relationships for
network marketing and servicing. Our position as leaders in innovative
technology in the real estate industry make this affiliation a win-win for
both companies, but especially for the consumers we will serve jointly. The
virtual home tour on www.realtyworld.com and our interactive CD-ROM are both
integral tools for the implementation of this project."
The release may contain forward-looking statements that involve risk and
uncertainties, including without limitations, continued acceptance of the
company's products and services, increased levels of competition, new products
and technological changes, The Company's dependency on financing third party
supplies and intellectual property rights, and other risks detailed from time-
to-time in the company's federal filings, annual reports, offering memorandums
or prospectus.
SOURCE AmeriResource Technologies, Inc.
-0- 08/11/99
/CONTACT: Dustan Shepherd or Delmar Janovec of AmeriResource
Technologies, Inc., 913-385-FAMC or 913-341-ARET/
/Web site: nativeamericanlender.com
www.realtyworld.com/
(ARET)
CO: AmeriResource Technologies, Inc.; First Americans Mortgage Corporation;
Realty World America
ST: Kansas, California
IN: FIN RLT
SU:
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