ARET---up 50% on internet news...I WARNED YOU ALL, THAT EVERY PIECE OF SH@T COMPANY WOULD SOON TRY THIS; incorporate the internet or eCommerce into their business plan and hope to score a home run.
And it's working, remember CMOZ don't be fooled..daytrade it but don't get caught holding the bag! It's the same idiot management as before.
First Americans Mortgage Corp. to Enter
Internet Loan Origination Market
Business Wire - February 16, 1999 12:00
LENEXA, Kan.--(BUSINESS WIRE)--Feb. 16, 1999--Dustan R.
Shepherd, president of First Americans Mortgage Corp. (FAMC), a
subsidiary of AmeriResource Technologies Inc. (OTC BB:ARET)
announced Tuesday that the company has narrowed the field of Internet
Loan Origination software providers to two.
Through the use of Internet loan origination the company hopes to reach
both on and off reservation Native American home buyers in a cost effective
and expedient manner. The company projects that a final contract can be
consummated within the next 10 business days with website development to
start immediately upon signing.
Through a loan origination webpage and an interactive video conferencing
software FAMC could originate home loans from any location in the United
States to their corporate office in Kansas. Potential customers can log-on
and prequalify for various loan products, make loan application, learn more
about the corporation and find links to other Indian Country websites.
Shepherd stated: "Management has spent a great deal of time researching
and reviewing origination website providers in order to identify the best
possible partner. The Internet is revolutionizing the way the mortgage
industry does business and FAMC looks forward to becoming the first
mortgage company to utilize this tool to reach Native American home
buyers."
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 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: First Americans Mortgage Corp., Lenexa
Dustan R. Shepherd
Telephone: 913/859-9505
Fax: 913/859-9520
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