Wednesday May 26, 10:09 am Eastern Time
Company Press Release
First Americans Mortgage Corp. to Launch Loan Website On June 3
LENEXA, Kan.--(BUSINESS WIRE)--May 26, 1999--
Dustan R. Shepherd, President of First Americans Mortgage Corporation (FAMC), a subsidiary of AmeriResource Technologies, Inc. (OTC BB:ARET - news) announced today that the company will launch their loan origination Website (www.nativeamericanlender.com) on June 3.
The web page will be the first such Internet site devoted to supplying capital to Native American consumers and tribal governments.
Through a loan origination web page FAMC will 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 loans products, make loan application, learn more about the corporation and find links to other Indian Country web sites.
''The company has spent the last 75 days not only developing the site but also expanding and reorganizing our internal loan delivery system to handle the projected influx of new loans'' explains Mr. Shepherd. The site will focus on Native American mortgage programs but will also be available to non-Native American borrowers.''
''FAMC will immediately begin expanding the Website by dedicating a portion of the site to information on potential projects for tribal governments. The company's recent alliance with George K. Baum & Company will be the first feature and will focus on mortgage revenue bonds and other public financing strategies.''
Mr. Shepherd continued ''Over the last four years the staff has continually identified the need in Indian Country for revolving and installment loan products with fair and equitable terms. During the recent restructuring we decided that the Internet will allow FAMC to take on these types of products and deliver them in a cost effective and professional manner. Thus, the company has entered into discussion with funding sources to supply FAMC with these products to be place on the Website in the near future.''
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:
First Americans Mortgage Corp., Lenexa
Dustan Shepherd or Delmar Janovec |
