hursday September 3, 9:28 am Eastern Time
Company Press Release
ARET Board of Directors Votes to Buy Back up to
20% of the Company's Outstanding Common Shares
LENEXA, Kansas--(BUSINESS WIRE)--Sept. 3, 1998--AmeriResource Technologies Inc. (OTCBB:ARET - news) CEO Delmar A. Janovec, announced Thursday that the board of directors have voted to repurchase 20% of the company's outstanding common shares.
This decision by the board of directors is the first step in the plan to refocus the new direction of the company.
AmeriResource Technologies Inc. is a holding company that through its subsidiaries, is a full service mortgage, consulting and design/construction firm based in Lenexa, specializing in construction management services and economic development both within and outside the Native American Community.
This 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 suppliers and intellectual property rights, and other risks detailed from time to time in the company's federal filings, annual reports, offering memorandums, or prospectus.
Contact:
AmeriResource Technologies Inc., Lenexa
Barry Denslow or Dick White
913/859-9292, Fax 913/859-9520
or
LBI Group Inc., Coral Springs, Fla.
Robert Solarchik
800/913-9767 or 954/346-5796 |
