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Microcap & Penny Stocks : AmeriResource Technologies (ARET) -- Ignore unavailable to you. Want to Upgrade?

To: Elio Madama who wrote (7457)	2/21/2000 3:25:00 PM
From: Elio Madama	Read Replies (1) \| Respond to of 7609

OT:.....This is what the SEC is doing with companies making "DECEPTIVES PRESS RELEASES" POSTED FOR INFORMATION PURPOSES ONLY. Not directed to any company in particular. "Wellness Universe Sued by SEC Over Deceptive Press Releases By David Glovin Wellness Universe Sued by SEC Over Deceptive Press Releases New York, Feb. 16 (Bloomberg) -- Wellness Universe Corp., an umbrella company for health and wellness services, posted sham press releases on the Internet that drove up the firm's stock and allowed insiders to sell shares and reap large profits, the U.S. Securities and Exchange Commission said. According to court papers filed in U.S. District Court today, Wellness and a sister company, Synpan Corp., began defrauding investors in December by posting press releases claiming they planned to buy an Internet company for $500 million and to conduct an initial public stock offering for $1 billion. None of this was true, the SEC claims in the suit. The scheme pushed Wellness' stock from 10 cents a share to $1.10, enabling company president George Pappas and other insiders to sell $2.3 million in company stock, regulators allege. Wellness defrauded investors ''in a 'pump and dump' scheme largely conducted over the Internet,' the suit said. Also profiting was a vice principal at Fort Hamilton High School in Brooklyn, New York, whose assistant was Pappas' sister, the SEC claims. A teacher and a teacher's assistant at the school also reaped gains, the suit says. The SEC suspended trading in the company's stock on Feb. 11. Pappas did not return a call seeking comment. The complaint, which seeks civil penalties against Wellness, Pappas, and other company insiders, says Wellness posted press releases saying that Synpan, which is owned by Pappas, would pay $500 million to buy Wellness and merge the companies. The SEC says Synpan did not have the resources to make a $500 million investment. Synpan also had no plans to conduct an IPO designed to raise $1 billion, as Wellness and Synpan claimed, the SEC said. Synpan, Pappas and other company insiders are named as defendants as well." Elio

To: Elio Madama who wrote (7457)	2/21/2000 4:19:00 PM
From: Elio Madama	Respond to of 7609

From the two PR's about relocation of Corporate offices. -o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o " DES PLAINES, Ill.--(BUSINESS WIRE)--Jan. 25, 2000--Delmar Janovec, Chairman and CEO of AmeriResource Technologies, Inc. (ARET) announced today that the Company has reached an agreement to relocate the corporate offices to Rolling Meadows, Illinois. Mr. Janovec, Chairman and CEO, commented, ''Our relocation is part of our strategic move to be located in a major financial market to continue to have access to our investment banking relationships. Our growth will require our management team to have access to a major transportation hub and after in-depth analysis we felt Chicago was the best location. Our new offices will be completed on or before January 31, 2000 and will enable our Company to centralize all senior management and accounting functions in one location, thereby allowing our senior management team access to all necessary information on an immediate basis" o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o "Feb 4th, 2000.- Mr. Janovec, Chairman and CEO, commented, ''This transaction has been a very complex process and the accounting and legal issues have been successfully resolved to the satisfaction of all parties. For the past week the management teams have been cooperating in the transition of management systems and policies. The accounting team has begun the process of migrating the various accounting systems to the new central office in Rolling Meadows at this time. We anticipate a fully operational central office no later than Friday, February 11, 2000. In an operation this large, it is critical that we have real-time access to all relevant decision making data. We have planned for the future growth of the Company by developing an extensive foundation of financial and accounting systems." o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o-o Last week I called ARET (Phone number provided in the PR's). 913 341-2738, and was told that was an answering service company and to leave my name and phone and ARET will call me back in seven days.....!!!!!!!!!!!! I want and I need, as a shareholder, to learn the new address and phone number of THIS PUBLIC TRADED COMPANY.....RIGHT NOW....!!!!!!! I bought shares because PUBLIC PRESS RELEASES and I want to make sure those PR's are not "DECEPTIVES". And yes, as an HONEST small investor I am very angry at the company. Elio