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

To: Theodore G. Gresch who wrote (5431)	1/29/1999 12:52:00 PM
From: Bird	Read Replies (2) \| Respond to of 7609

ARET already has $30 million in backing through Washington Mutual Bank and the PMI Mortgage Insurance Co. and Federal Home Loan Corp. So, why is additional financial backing out of the question? 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. Hitchcock's The Birds