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

To: Mr. Jens Tingleff who wrote (12)	5/28/1998 9:04:00 AM
From: Mr. Jens Tingleff	Read Replies (1) \| Respond to of 202

NEWS !!!!!!!!!!!!! NEWS STORY FOR ARET 8 08:17 AmeriResource, Fluor Daniel To Discuss Plant Expansion Pact SYMBOLS: ARET FLR I/CON I/ICS I/SVC N/DJN N/DJWI N/CTC N/WEI M/IDU P/DCN P/DIG P/DTR R/CA SHAWNEE MISSION, Kan. (Dow Jones)--AmeriResource Technologies Inc.'s (ARET) Tomahawk Construction Co. unit and its joint venture partner, Dunn Industrial, have been asked to attend a meeting with Flour Daniel Inc. to negotiate a plant expansion contract. In a press release, AmeriResource said the expansion contract, for a U.S. household products manufacturer, has an estimated value between $5 million and $9 million. Flour Daniel, a unit of Flour Corp. (FLR), provides engineering, construction and maintenance services. AmeriResource provides consulting and construction services. (END) DOW JONES NEWS 05-28-98 08:17 AM-0- 8 17 AM EDT 05-28-98

To: Mr. Jens Tingleff who wrote (12)	5/28/1998 9:06:00 AM
From: Mr. Jens Tingleff	Read Replies (1) \| Respond to of 202

And here is a response from a lurker here who is in the type of business also having the "Minority Status" Describing the advantage that gives: Federal law in the US requires on specific projects that x% of the total job be awarded to minority owned companies, irregardless if they submitted the lowest price. Example, Flour is awarded as contractor a 10,000,000 job and on this job there is a 12% minority participation requirement. ARET would be able to assist FLOUR by bidding on work, or just be given it by FLOUR so that they meet the 12% requirement. Equals 1,200,000. Now ARET must do and/or subcontract out that work. It is often very difficult to come up with minority firms and it is very helpful in our industry to have a friendly relationship with a minority firm as it sometimes guarantees us work. We will sell our concrete pipe, sand, and stone to them first instead of the contractor so that the job meets the % requirement. Thanks that is also a very positive angle here !!!