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


To: TsioKawe who wrote (3019)9/29/1998 5:03:00 PM
From: TsioKawe  Read Replies (1) | Respond to of 7609
 
Mr. Sheppard, whats up with this News Release??ARET Board of Directors Votes to Buy Back up to 20% of the Company's Outstanding Common Shares

LENEXA, Kansas--(BUSINESS WIRE)--Sept. 3, 1998--AmeriResource Technologies Inc. (OTCBB:ARET) CEO Delmar A. Janovec, announced Thursday that the board of directors have voted to repurchase 20% of the company's outstanding common shares.

This decision by the board of directors is the first step in the plan to refocus the new direction of the company.

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:

AmeriResource Technologies Inc., Lenexa

Barry Denslow or Dick White

913/859-9292, Fax 913/859-9520

or

LBI Group Inc., Coral Springs, Fla.

Robert Solarchik

800/913-9767 or 954/346-5796

KEYWORD: KANSAS OKLAHOMA

BW1121 SEP 03,1998

6:43 PACIFIC

09:43 EASTERN




To: TsioKawe who wrote (3019)9/29/1998 5:06:00 PM
From: TsioKawe  Read Replies (1) | Respond to of 7609
 
Who is the President of ARET?? News ReleaseAmeriResource Technologies Inc. Appoints Dustan R. Shepherd as President

LENEXA, Kan.--(BUSINESS WIRE)--Sept. 8, 1998--AmeriResource Technologies Inc. (OTC BB:ARET) chairman Delmar A. Janovec announced Tuesday that the board of directors has appointed Dustan R. Shepherd as president of ARET.

In conjunction with his new role, Shepherd will continue with his current responsibilities as president of ARET's subsidiary, First Americans Mortgage Corp. (FAMC). This decision is the second step - following the Sept. 3 announcement concerning the stock repurchase - in solidifying the companies' new focus of developing business among Native American tribal entities. The board believes these recent decisions "will be the foundation for returning the company over the next 12 months to a profitable position while stimulating a renewed interest and a greater value in the stock," said Janovec.

Shepherd stated: "I am excited about the opportunity to take on a daily role with the parent company. My initial primary role will be as the spokesman for ARET products and services. Currently, more than 60 percent of my time is spent on site, working with tribal officials, government agencies, GSE agencies and other private vendors. At a time when ARET needs to finalize numerous contract opportunities and obtain new business, I do not see my schedule changing when in fact more time on site may be warranted.

"Because of the companies' desire to broaden our lines of communication with our current and potential shareholders, ARET has begun to develop an Internet home page, which we project to be online within 90 days. This new marketing tool, along with our continued press releases to the three major agencies,should allow us solid market exposure while stretching our promotional dollars further. Additionally, I will be responding to all calls concerning ARET through my office at FAMC (913-859-9505). This may seem unconventional for a president who spends so much time out of the office, but I feel I will be in a better position to give current and potential investors the complete ARET picture as it unfolds.

"I also want investors to know of my past experience working for a Small Cap and Wall Street brokerage firm. During that time, I obtained a solid understanding of each player's role in the establishment and the ongoing promotion of a bulletin-board stock. I will utilize my market contacts and trading knowledge to assist ARET in identifying and solving trading issues. Initially, I will be contacting current market makers and exploring my past contacts to establish new relationships in the trading arena.

"Indian Country is the last vast residential real estate market left in America," Shepherd concluded, "and I look forward to leading the ARET team in positioning themselves to take advantage of this remarkable opportunity."

The 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:

AmeriResource Technologies Inc.

Dustan R. Shepherd

Tel. 913/859-9505

Fax 913/859-9520

or

Robert Solarchik

800/913-9767

954/346-5796

KEYWORD: KANSAS

BW1227 SEP 08,1998

7:41 PACIFIC

10:41 EASTERN