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

To: dusty who wrote (463)	7/8/1998 9:45:00 PM
From: melinda abplanalp	Read Replies (1) \| Respond to of 7609

Tell us more....are those Casinos or Native American territories. I don't know the proper lingo these days and I don't want to mess up.LOL Melinda

To: dusty who wrote (463)	7/8/1998 9:58:00 PM
From: melinda abplanalp	Read Replies (2) \| Respond to of 7609

The following is what came off Bloomberg with reference to the FXWA story...I also did some digging on FXWA: ARET BUYS 2% STAKE IN FLEXWEIGHT CORP. ARET announced today that it has acquired 2% of Flexweight's stock in a restricted stock exchange. The stock exchange was done in order to diversify ARET's holdings. FXWA is a newly formed Gaming Company that has extensive knowledge in the Gaming area and has recently purchased 47 acres of land in Wendover, Nevada for the development of a Casino and Hotel complex. FXWA data: 4-20-98 1:100 Reverse Split 3,759,625 Million Shares Outstanding (Looks like 75,000 belong to ARET) 5-11-98 Reorganized with Oasis Hotel Resort and Casino. 3,010,000 restricted stock exchanged for all outstanding shares of Oasis. Oasis became a subsideary of FXWA. Oasis board totally replaced FXWA. Oasis President Walter Sanders has over 30 years experience in Real Estate development, construction, and engineering. He is a licensed pilot and has arranged air service programs for numerous casino's. He is the Mayor of West Wendover on the Utah/Nevada border! Oasis acquired 20 acres in Elko County, Nevada. Near I-80 and HW233. Property has a gas station and Convenience store and several non-operating structures. Remodeling is to be done creating 10,000 square foot casino with over 500 slot machines and various tables. Other projects are proposed to follow upon completion of this 1st phase of development. Folks, Oasis is not just a Gaming outfit and by the looks of it, Sanders has some political clout with this little venture. Would be nice if ARET helped out in the construction of this casino. Steve alias SSPARSONS