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


To: Tim85gt who wrote (2444)9/16/1998 12:04:00 PM
From: Blayton  Read Replies (1) | Respond to of 7609
 
NEWS !!!!!!!

LENEXA, Kan.--(BUSINESS WIRE)--Sept. 16, 1998--First Americans
Mortgage Corp.(FAMC), a subsidiary of AmeriResource Technologies Inc.
(OTC BB:ARET), announced Wednesday that during a press conference held
on Tuesday, Sept. 15 at the Choctaw Nation tribal complex, Durant,
Okla. they signed to originate $10 million of the Oklahoma Native
American pilot program.

The program, Choctaw Homebuyers Advantage Program (CHAP) is the
second such commitment secured by First Americans. Currently FAMC is
originating a $10,000,000 commitment under this program with the
Chickasaw Nation. The Choctaw Nation and the other agencies released
the following joint press release:

Choctaw Nation Offers Advantage to Homebuyers

Thanks to teamwork between the Choctaw Nation and several other
agencies, a new home mortgage program will enable homebuyers to
purchase or build for as little as 1% down. .....

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There is more, but you should see it on Business Wire or Yahoo soon.