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Microcap & Penny Stocks : ARET Infostore -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Jens Tingleff who wrote (140)	8/30/1999 12:50:00 PM
From: James Lee Baldwin	Read Replies (1) \| Respond to of 202

AMERIRESOURCE TECHNOLOGIES SHAREHOLDERS VOTE OVERWHELMINGLY TO INCREASE AUTHORIZED SHARES OVERLAND PARK, Kan., Aug 30, 1999 /PRNewswire via COMTEX/ -- Delmar Janovec, CEO of AmeriResource Technologies, Inc. (OTC Bulletin Board: ARET) announced today that shareholders have approved increasing the company's authorized shares by 500 million. The company made the announcement following a special shareholder meeting held today in Overland Park, Kan. The more than 13,000 shareholders cast over 416 million votes with 93.38% voting in favor of the increase. More than 84% of the outstanding shares voted on the issues. Shareholders also elected Delmar Janovec and Rod Clawson to the board of directors and retained the company's accounting firm of Crouch, Bierwolf & Chisholm. Delmar Janovec stated "Over the past fourteen months we have started ARET down a very unique path by directing our primary business at providing housing for Native American consumers. This vote shows overwhelmingly that our shareholders believe in our direction and are willing to allow management to grow this company through the issuance of stock. Management will diligently continue to identify and analyze opportunities to expand the company's revenues through the acquisition of mortgage entities, manufactured housing and other real estate service providers." The release may contain forward looking statements that involve risk and uncertainties, including, without limitation, 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 report, offering, memorandums or prospectus.