AmeriResource and SAGO Networks Enter Agreement to Bring Wireless Broadband Services to Hotels, Casinos, and Apartments
8/14/2003 5:02:49 AM
LAS VEGAS, NV, Aug. 14, 2003 (MARKET WIRE via COMTEX) -- AmeriResource Technologies Inc. (OTC BB: ARES) and SAGO Networks of Tampa, Florida, (www.sagonet.com) announced the signing of an agreement that authorizes AmeriResource to market SAGO Networks' wireless broadband services to hotels, casinos, and major apartment complexes.
According to AmeriResource Technologies Inc.'s President, Delmar Janovec, "We are pleased to be working with SAGO Networks to provide low-cost, high-speed network solutions to an expanding customer base. SAGO Networks has built a strong reputation for its broadband wireless last-mile solutions that include 802.11 and other technologies. 802.11 is a great alternative to DSL or cable, and SAGO Networks can ignite customer services in a matter of days. In a recent New York Times article it is determined that the market for this technology continues to be very strong and widespread. (www.nytimes.com/2003/08/11/technology/11WIFI.html?ex=1061646847&en=c41d465e3e0be168). By working together, we can provide faster, better, cheaper solutions for a wide range of customers in new markets."
AmeriResource Technologies Inc. will create a new marketing division to support this opportunity. Mr. Rod Clawson, a Director of the Company, who has managed significant sales and marketing programs for major corporations in the area of high-tech solutions, will be the principal in charge for the implementation of this new business unit. Mr. Clawson brings a substantial regional client list and will work closely with AmeriResource and SAGO Networks in identifying new opportunities, developing market strategies and increasing market share.
About AmeriResource Technologies Inc. ("AmeriResource")
AmeriResource is a publicly trading company (OTC BB: ARES) that operates two wholly owned subsidiaries: Jim Butler Performance (JBP) and West Texas Real Estate and Resources, Inc. (WTRER). JBP is in the business of manufacturing and selling high-performance specialty engines and parts for the automobile racing industry. For more information, see www.jbp-pontiac.com. WTRER holds oil, gas, and mineral leases on land in Pecos County, Texas. AmeriResource is currently in discussions with qualified merger-acquisition candidates in the areas of Homeland Security, Energy, and Travel & Entertainment, as well as special projects in other areas of interest. For more information, see www.ameriresourcetechnologies.com.
About SAGO Networks ("SAGO Networks")
SAGO Networks is a diversified corporation with operations that include wireless networking; web hosting services; real estate; cellular telephone tower construction, operation, and maintenance; and other business segments. Headquartered in Tampa Bay, FL, with offices in Miami, FL, and Dallas, TX, privately owned SAGO Networks provides a single-vendor source for all of its customers' bandwidth and custom telecommunications needs. As a provider of point-to-point wireless / broadband access, SAGO Networks constructs fully meshed wireless networks to ensure complete carrier class redundancy to the end user. SAGO Networks provides integrated data-voice-video services to businesses, hotels, apartments, commercial office buildings, and condominiums. SAGO Networks is also widely known as a reliable provider of network server co-location and data center services. SAGO Networks is also one of the fastest growing dedicated server and hardware leasing companies in the country. Under SAGO Networks' unique program, customers select a hardware platform and Internet bandwidth for their server, then SAGO Networks leases the hardware and provides the Internet bandwidth to the customer for one price, eliminating the customer's traditional initial capital outlay for buying hardware and building or maintaining a network. For more information about SAGO Networks, visit www.sagonet.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission. The Company will provide you with copies of this information upon request. |
