(COMTEX) B: AmeriResource Technologies, Inc. Purchases West Texas Rea
B: AmeriResource Technologies, Inc. Purchases West Texas Real Estate &
Resources, Inc.
LAS VEGAS, Jul 17, 2000 (BUSINESS WIRE) -- Delmar A. Janovec, Chairman and CEO
of AmeriResource Technologies, Inc. (ARET) announced today that ARET has
successfully completed the acquisition of West Texas Real Estate & Resources,
Inc. a real estate and mineral resource company. West Texas Real Estate &
Resources, Inc. has certified gas and oil reserves valued in excess of
$10,000,000.00
Mr. Janovec further stated," The acquisition of West Texas Real Estate &
Resources, Inc. allows ARET to add assets, thus creating value for the
shareholders. This new subsidiary will allow ARET to enter into an industry that
is seeing the highest prices for oil and gas in the last twenty years. ARET will
also have the opportunity through its new subsidiary to seek other mineral
resource companies that could be added to the Company's portfolio creating
additional value for the shareholders."
Statements in this press release, include forward-looking statements that
include risk and uncertainties. The forward-looking statements in this press
release are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Actual results may differ materially
due to a variety of factors, products and/or services and other risks detailed
from time to time in the Company's ability to produce and market certain
products and/or services and other risks detailed from time to time in the
Company's reports filed with the Securities and Exchange Commission.
CONTACT: AmeriResource Technologies, Inc.
Delmar A. Janovec, 702/579-3347
Fax: 702/579-3350
URL: businesswire.com
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KEYWORD: ILLINOIS NEVADA TEXAS
INDUSTRY KEYWORD: BUILDING/CONSTRUCTION
MANUFACTURING
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