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


To: Mr. Jens Tingleff who wrote (4946)12/30/1998 9:58:00 AM
From: James Lee Baldwin  Read Replies (1) | Respond to of 7609
 
Thank you, Jens, for sharing with us and a thank you to our friend who shared that with you. These are great confirmations to end the year on.

With all that said, Happy New Year everyone!

James

P.S. I hope that the 2000 shares that just went by weren't from
someone on this thread. I'll lend you the $10.00 you just made.



To: Mr. Jens Tingleff who wrote (4946)12/30/1998 10:13:00 AM
From: Bird  Respond to of 7609
 
Mr. Jens Tingleff wrote:
>He is confident that FAMC will process all 25MM now agreed for and more in >the year. !!! This is more than what FM processed all last year.

To recap:
>LENEXA, Kan.--(BUSINESS WIRE)--Sept. 14, 1998--First Americans Mortgage >Corp., a subsidiary of AmeriResource Technologies Inc. (OTC BB:ARET), >announced Monday that they have signed an exclusive Broker Agreement with >Washington Mutual Bank, Seattle, to originate $20 million of the Oklahoma Native >American loan program.
>The pilot program was developed in conjunction with PMI Mortgage Insurance Co. >and Federal Home Loan Corp. originating a $10 million commitment with the >Chickasaw Nation under this program.

>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.

>LENEXA, Kan.--(BUSINESS WIRE)--Dec. 1, 1998--First Americans Mortgage >Corp. (FAMC), a subsidiary of AmeriResource Technologies Inc. (OTC BB:ARET), >announced Tuesday, through a press release dated Friday, Nov. 20, 1998 distributed >by the Citizens Potawatomi Nation, Shawnee, Okla., they have signed to originate $5 >million of the Oklahoma Native American pilot program with the Potawatomi >Nation.

With another $5 million yet to be committed through Washington Mutual Bank, this comes to a total of $30 million under the program.
Again----"In '97 the entire Fannie Mae annual Native American loan volume was only $25 million.

PMI Mortgage Insurance Co.______$10 million
Washington Mutual Bank__________15 million
-----------------------------------------------
Signed________________________25 million

Available A/O 12/1/98_____________5 million
------------------------------------------------
Total program___________________30 million

This covers only the housing program.
The possibilities entailed in the ARET + FXWA + NUOA combination,
could pale this in comparison.

Bird (Looking up)