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

To: James Lee Baldwin who wrote (7556)	8/10/2000 5:38:51 PM
From: James Lee Baldwin	Read Replies (1) \| Respond to of 7609

AmeriResource Technologies, Inc. and NevStar Gaming & Entertainment Corp. Announce Financing Contract with CNB Capital, Inc. LAS VEGAS, Aug 10, 2000 (BUSINESS WIRE) -- Delmar A. Janovec, Chairman and CEO of AmeriResource Technologies, Inc. (ARET) and Michael Signorelli, Chairman & CEO of NevStar Gaming & Entertainment Corp. formally a small cap (NVST) announced today that they have entered into a contract with CNB Capital, Inc. CNB Capital Inc. is a private investment Banking firm that specializes in the underwriting of insurance/bond guarantees, equity /debt financing for the Hospitality/Hotel and Entertainment Industry to include acquisitions and mergers. CNB Capital Inc. has extensive experience in raising capital in the $10 to $100 MILLION DOLLAR range and will serve as the ancillary financial advisor and investment banker to NevStar Gaming and Entertainment, Inc./ AmeriResource Technologies, Inc. Mr. Janovec and Mr. Signorelli further stated, "We are very pleased to be working with Mr. John Halle President of CNB Capital, Inc. and his outstanding organization. CNB Capital has committed to a $15 MILLION DOLLAR equity and debt finance structure and will assist us in the planning of the different stages of financing, subject to their usual due diligence requirements. Their expertise will be utilized, but not limited to, structuring of working capital, marketing and promotion, acquisition and production financing. CNB Capital, Inc. has a broad range of experience in the Hospitality/Hotel and Entertainment Industry world wide and will complement the existing team. They currently have offices in Manchester, Providence, New York and Irvine, California." www.cnbcapital.com 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, products and/or services and other risks detailed from time to time in 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. CONTACT: AmeriResource Technologies, Inc. Delmar A. Janovec, 702/579-3347 Fax: 702/579-3350 URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2000 Business Wire. All rights reserved. KEYWORD: NEVADA NEW YORK CALIFORNIA RHODE ISLAND INDUSTRY KEYWORD: BANKING ENTERTAINMENT