Wednesday August 11, 10:57 am Eastern Time
Company Press Release
SOURCE: AmeriResource Technologies, Inc.
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 - news) 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:
1) 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.
2) 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.
3) 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. |
