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

To: Mr. Jens Tingleff who wrote (160)	6/16/1998 11:50:00 AM
From: Mr. Jens Tingleff	Read Replies (2) \| Respond to of 7609

Here is the cut from the 10K: The following transactions occurred between the Company and it stockholders and its affiliated companies: A. The Company leased its office space from its stockholder, Delmar Janovec in 1996 and First American Mortgage Company (an entity with common ownership) in 1997. The lease is on a year to year basis unless either party gives 90 days written notice of cancellation. Rents paid were $2,450 in 1997, and $17,528 in 1996. B. The Company has a note receivable from First American Mortgage Company in the amount of $75,771. An officer of the Company is a major shareholder of the First American Mortgage Company. This note is due on demand and is non-interest bearing. C. The Company has a note receivable from Dellar Investments in the amount of $43,981. An officer of the Company is a major shareholder of the Dellar Investments. This note is due on demand and is non-interest bearing. Kr Jens