Wednesday May 5, 12:38 pm Eastern Time
Company Press Release
First Americans Mortgage Corporation Announces Time Line for Launching of Website.
LENEXA, Kan.--(BUSINESS WIRE)--May 5, 1999--Dustan R. Shepherd, President of First Americans Mortgage Corporation (FAMC), a subsidiary of AmeriResource Technologies, Inc. (OTC BB:ARET - news) announced today that they will launch their Native American Lending website (http://www.nativeamericanlender.com) by month's end.
Initially the website will be designed and implemented as a residential mortgage origination site for both on and off reservation Native American home buyers. Following on the heels of the website debut the company plans to start expanding the site to include other lending products for Native American consumers and tribal governments.
FAMC will use their mortgage banking relationships with some of the nation's top providers of loan product and services, National City Mortgage (NYSE:NCC - news), Washington Mutual, Inc. (NYSE:WM - news), FT Mortgage Companies (Nasdaq:FTEN - news), Countrywide Home Loans, Inc. (NYSE:CCR - news), EMB Mortgage Corporation (OTC BB:EMBU - news), and PMI Mortgage Insurance Company (NYSE:PMA - news) along with government agencies to bring a full menu of residential mortgage products to their clients.
Mr. Shepherd stated ''the launching of our website will allow the company to expand its mortgage lending capacity from a regional to a national producer in a cost effective and streamline manner'' Shepherd went on to say, ''It will also allow FAMC to diversify into other lending areas that we long ago identified as potential revenue sources. The company looks forward to solidifying our position as the premier lender to Native American consumers and tribal governments through the utilization of cutting edge e-commerce technology.''
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 Corporation, Lenexa
Dustan R. Shepherd, President
913/859-9505, (Fax) 913/859-9520 |
