Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Hot Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Brad who wrote (531)	7/30/1998 2:25:00 PM
From: firstman	Read Replies (1) \| Respond to of 663

ARET...NEWS....again! ARET Announces Thursday That its Subsidiary Tomahawk Construction Company is Negotiating a Joint-Venture Contract With the Chickasaw Nation of Oklahoma to Assist Them in Providing Housing for Tribal Members BusinessWire, Thursday, July 30, 1998 at 14:13 LENEXA, Kan.--(BUSINESS WIRE)--July 30, 1998--AmeriResource Technologies Inc. (OTCBB:ARET) announced Thursday that its subsidiary Tomahawk is negotiating a Joint-Venture contract with the Chickasaw Nation of Oklahoma to assist them in meeting their current and future housing needs for tribal members. At present the Chickasaw Nation of Oklahoma has financing available through various programs for the construction of 550 new homes per year for the next five years. Tomahawk will bring project management and general contracting experience to the Joint-Venture Partnership. The long term goals of the partnership is to expand the client base to include the surrounding communities and commercial real estate. The home and commercial designs will utilize affordable state of the art technology that will reduce construction time and reduce utility consumption by as much as 60%. It is estimated that the Joint-Venture Partnership will share in approximately $1,500,000.00 per year in profit from this venture. AmeriResource Technologies Inc. is a holding company that through its subsidiaries, is a full service, mortgage, consulting and design/construction firm based in Lenexa, specializing in construction management services and economic development both within and outside the Native American Community. This release may contain forward looking statements that involve risk and uncertainties, including without limitations, continued acceptance of the company's products and services, increased levels of competition, new products and technological changes. The company's dependency on financing third party suppliers and intellectual property rights, and other risks detailed from time to time in the company's federal filings, annual reports, offering memorandums, or prospectus. CONTACT: Barry Denslow or Dick White Telephone 913/859-9292 Fax 913/859-9520 or Robert Solarchik Telephone 800/913-9767 Fax 954/346-5796 KEYWORD: KANSAS INDUSTRY KEYWORD: BUILDING/CONSTRUCTION Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire Companies or Securities discussed in this article: Symbol Name BB:ARET