Friday May 21, 6:23 pm Eastern Time
Company Press Release
AmeriResource Technologies, Inc., Signs Letter of Intent to Sell 50% Interest in the Agent's Hotel Guide, Inc. to STARUNI Corporation
LENEXA, Kan.--(BUSINESS WIRE)--May 21, 1999--Delmar Janovec, CEO of AmeriResource Technologies, Inc. (OTC BB:ARET) announced today that ARET executed a Letter of Intent with STARUNI (OTC BB:SRUN) to Joint Venture the Agent's Hotel Guide, Inc. and purchase a 50% interest in the Agent's Hotel Guide, Inc. ARET recently acquired the Agent's Hotel Guide, Inc. from Global Datatel, Inc., (GDIS) formally Gold Coast Resources, Inc. The Agent's Hotel Guide, Inc. in most recent years lists & advertises more than 10,000 hotels in North America.
STARUNI is a Los Angeles based Internet service provider and Website marketer with a 56K connectivity that covers most of southern California. STARUNI provides a wide array of Internet services tailored to meet the needs of individuals, and business customers. STARUNI is growing swiftly with more than 2000 customers while simultaneously seeking to acquire other Internet Service Providers (ISP) and online companies. STARUNI will develop and manage the Web-Site
The Agent's Hotel Guide, Inc. lists and markets well over 10,000 hotels in the United States, Canada, Mexico, and the Caribbean. It was one of the most preferred resources available to travel agents for the listing of hotels when the company was in operation. The Company has not been in operation for the last three years. The Hotel Guide had a usership of three travel agents per publication, taking the ad to 150,000 travel agents nationwide.
Mr. Janovec stated: ''The partnership and Joint-Venture with STARUNI will rapidly assist in the redevelopment of this unique company while allowing ARET to enter into another Internet business. We are very glad to be associated with an individual of such high caliber as Bruce Stuart, President of STARUNI. Bruce and STARUNI will add another dimension to this unique online market and give the Agent's Hotel Guide, Inc. an advantage over their competition. We are looking forward to the development of this partnership in this unique business.''
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 supplies 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
Dustan Shepherd or Delmar Janovec
913/859-9505 or 913/859-9292 |
