Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : WR, LB and Friends. NO HYPESTERS OR SCAMMERS -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (12561)	6/16/1999 12:13:00 PM
From: LANCE B	Read Replies (1) \| Respond to of 13776

USOO- BOUGHT ON NEWS.. looks like they do not have any shares...

To: Joe Copia who wrote (12561)	6/16/1999 12:17:00 PM
From: Barry K	Respond to of 13776

ARET Up nice on news! Wednesday June 16, 10:41 am Eastern Time Company Press Release SOURCE: AmeriResource Technologies, Inc. AmeriResource Technologies, Inc. Establishes LENEXA, Kan., June 16 /PRNewswire/ -- AmeriResource Technologies, Inc. (OTC Bulletin Board: ARET - news), announced this morning that the company has organized and incorporated ''First Plains Construction Corporation'' for the primary purpose of producing residential housing for both on and off reservations Native American home buyers. First Plains Construction will team with ARETs' lending subsidiary, First Americans Mortgage Corporation to deliver a full turnkey approach to Native American housing. Delmar Janovec, Chief Executive Officer commented, ''The creation of First Plains Construction Corporation will allow ARET to concentrate its construction experience and near-term efforts in the area of residential housing. The company will utilize a state of the art 'Structural Insulated Panels (SIP)' as their cornerstone product.'' Janovec continued by saying ''the company has identified SIP manufacturers and other building component suppliers who are committed to constructing affordable, energy efficient housing in Indian Country while assisting First Plains in achieving their objective of becoming this country's top developer of Native American housing.'' Dustan R. Shepherd, President, First Americans Mortgage Corporation commented, ''With the recent successful trips to New Mexico and the Dakotas management felt that the time had come to begin focusing a substantial portion of our time and resources toward developing an all inclusive program for Native American home buyers,'' Shepherd ontinued, ''the concept is not new to non-Native American communities. Companies like Pulte Homes, Kaufman & Broad Homes and Clayton Homes ''have carved out the niche market of coupling financing and construction in those communities. FAMC will utilize their coalition of lending partners, PMI Mortgage Insurance, FT Mortgage Companies , Washington Mutual Bank, Freddie Mac and George K. Baum & Company coupled with FAMC's web site ( www.nativeamericanlender.com ) to launch an aggressive strategy in order to dominate this wide-open market.'' 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. SOURCE: AmeriResource Technologies, Inc. More Quotes and News: AmeriResource Technologies Inc (OTC BB:ARET - news) Related News Categories: banking, real estate