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 : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Jens Tingleff who wrote (7427)	1/3/2000 8:56:00 PM
From: Brady B.	Respond to of 7609

Ameriresource Announces Sale of Subsidiary First Americans Mortgage Corporation DES PLAINES, Ill.--(BUSINESS WIRE)--Jan. 3, 2000--Delmar Janovec, Chairman and CEO of AmeriResource Technologies, Inc. (ARET) announced today that on December 31, 1999, Dustin R. Shepard, President of First Americans Mortgage Corp. (FAMC) has executed a Stock Purchase Agreement to acquire 100 percent of FAMC from AmeriResource Technologies, Inc., effective December 31, 1999. Additionally, Mr. Shepherd has resigned as President of AmeriResource Technologies, Inc. The resignation was effective on December 31, 1999. Mr. Janovec, Chairman & CEO, commented, "The sale of First Americans Mortgage Corp. will allow Mr. Shepard to stay focused on providing the Native American community a high quality first mortgage origination and servicing company. Our Company needs to stay focused on its main business plan of being a national Native American minority enterprise specializing in the design, development and construction business, doing both residential and commercial projects. As far as our new senior services division is concerned, our focus needs to be directed toward providing the highest quality service and product options to the senior lifestyle market place. With the addition of Krapfcandoit, Inc. to our corporate family, the opportunities now available for revitalizing Tomahawk Construction Company are excellent. I am very confident Tomahawk will be a major part of generating projects and sales for our Company. We also want to thank our shareholders for their continued interest and patience in the management of our Company while we have strived to find the best methods of improving shareholder value. We have worked very hard to arrange these mergers and are going to continue to look for additional acquisitions that strengthen our Company, both financially and as a major player in the senior lifestyle housing delivery system." Mr. Janovec commented, "I have enjoyed working with Dustin very much and firmly believe that a lot of ground was covered in helping to provide mortgages for the Native Americans in the affordable housing area. There still exists a huge deficit in this area and we still intend to offer our assistance to Mr. Shepherd and FAMC whenever there is a common interest or project that meets our future requirements. On behalf of our Company and shareholders, we wish Mr. Shepherd the best of success." Statements in this press release, include forward-looking statements that include risk and uncertainties. The forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market certain products and/or services and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. --30--skj/cgo* ym/cgo CONTACT: AmeriResource Technologies, Inc. Delmar A. Janovec, 913/341-2738 Fax: 413/487-3140

To: Mr. Jens Tingleff who wrote (7427)	1/3/2000 8:57:00 PM
From: Brady B.	Read Replies (1) \| Respond to of 7609

Ameriresources Subsidiary Krapfcandoit Announces Start of $5,400,000 Low Income Elderly Project for Lutheran Community Services DES PLAINES, Ill.--(BUSINESS WIRE)--Jan. 3, 2000--Delmar Janovec, Chairman and CEO of AmeriResource Technologies, Inc. (ARET) and Mike Bertino, President of its newly-acquired construction subsidiary, Krapfcandoit Company (Krapf), announced today that the Company was awarded the bid and final contract to act as the general contractor on a $5,400,000 HUD-financed, 68 unit apartment dwelling for the very low income elderly. Phase 1 of the project, known as Luther House at Jennersville and sponsored by Lutheran Community Services, is the seventh low income elderly residential housing project constructed by Krapf and sponsored by Lutheran Community Services, over the past 20 years. This project will bring the number of elderly apartment units constructed for the Lutheran community by Krapf to 551 units. Phase 2 of this project, known as Luther House II at Jennersville, will be implemented later this year. Phase 2 calls for an additional 68 units to be constructed. Final pricing for Phase 2 is not yet completed. Krapfcandoit Company, (www.krapf.com), a wholly owned subsidiary of ARET is one of the leading developers and builders of continuing care retirement centers (CCRC's), assisted case living facilities (ACLF's), and housing for the elderly in the eastern United States. On December 28, 1999, Krapf was purchased by ARET. Statements in this press release include forward-looking statements that include risk and uncertainties. The forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market certain products and/or services and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. --30--skj/cgo* ym/cgo CONTACT: AmeriResource Technologies, Inc. Delmar A. Janovec, 913/341-2738 Fax: 413/487-3140

To: Mr. Jens Tingleff who wrote (7427)	1/7/2000 12:08:00 PM
From: John D	Read Replies (1) \| Respond to of 7609

Jens and everyone, an interesting day for ARET, slow momentum upwards for a few days, and a little more of a push today. Jens, have you had a chance to digest what the recent mergers and acquisitions mean in dollar amounts. If the Krapf company is brought into the fold, they seem to bring in a wealth of contracts and pending work. This would seem to increase revenues many times and in turn make figuring share price interesting. Any thoughts on the loss of FAMC, was Delmar cutting loose a small revenue generator to gain more shares for these acquisitions?? Look forward to your thoughts. John