Timely launch announced: Thursday June 3, 9:14 am Eastern Time
Company Press Release
First Americans Mortgage Corporation Set to Launch
Web Site Today
LENEXA, Kansas--(BUSINESS WIRE)--June 3, 1999--Dustan R. Shepherd, president of First Americans Mortgage Corporation (FAMC), a subsidiary of AmeriResource Technologies, Inc. (OTC BB:ARET), announced this morning that the company will launch their web site (www.nativeamericanlender.com) today at 12:00 p.m. C.S.T. The site will be the first Internet loan origination web site to focus on Native American consumers.
Shepherd stated, ''The launching of our site sets a new standard for lending in Indian Country. When we started the company four years ago there was basically only one home loan product for Native American home buyers. Since that time, FAMC has initiated a new secondary market residential loan program with millions in loan commitments; developed a working partnership with one of the nation's premier investment banking firms in order to lead the way for the emergence of mortgage revenue bonds and other public financing vehicles in Indian Country and now the creation of the first loan web page designed to meet the needs of Native Americans consumers.'' Shepherd continued, ''We pledge to continue with our aggressive philosophy of new product development while broadening our delivery system to better serve our customers while adding value to our company and its shareholder's investment.''
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 Corporation, Lenexa
Dustan Shepherd or Delmar Janovec
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