SI
SI
discoversearch

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 : ADGI - American Diversified Group -- Ignore unavailable to you. Want to Upgrade?


To: charles catlett who wrote (7802)2/16/1999 1:37:00 PM
From: chapin  Read Replies (1) | Respond to of 9569
 
Buys before lunch-two-100,000 and one 200,000!!!

Mitch



To: charles catlett who wrote (7802)2/16/1999 2:28:00 PM
From: Hubert Few  Read Replies (1) | Respond to of 9569
 
OFF TOPIC....INTERNET HYPE PLAY!

If anyone is interested....looks like ARET might make another move today!

02/16 12:18 First Americans Mortgage Corp. to
Enter Internet Loan Origination
<ARET.OB>

First Americans Mortgage Corp. to Enter Internet Loan Origination Market

LENEXA, Kan.--(BUSINESS WIRE)--Feb. 16, 1999--Dustan R. Shepherd,
president of First Americans Mortgage Corp. (FAMC), a subsidiary of
AmeriResource Technologies Inc. (OTC BB:ARET) announced Tuesday that
the company has narrowed the field of Internet Loan Origination software
providers to two.

Through the use of Internet loan origination the company hopes to reach
both on and off reservation Native American home buyers in a cost
effective and expedient manner. The company projects that a final
contract can be consummated within the next 10 business days with
website development to start immediately upon signing.

Through a loan origination webpage and an interactive video conferencing
software FAMC could originate home loans from any location in the United
States to their corporate office in Kansas. Potential customers can log-on
and prequalify for various loan products, make loan application, learn more
about the corporation and find links to other Indian Country websites.

Shepherd stated: "Management has spent a great deal of time researching
and reviewing origination website providers in order to identify the best
possible partner. The Internet is revolutionizing the way the mortgage
industry does business and FAMC looks forward to becoming the first
mortgage company to utilize this tool to reach Native American home
buyers."

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.

--30--cp/mi*

CONTACT: First Americans Mortgage Corp., Lenexa

Dustan R. Shepherd

Telephone: 913/859-9505

Fax: 913/859-9520 Today's News On The Net - Business Wire's full file on
the Internet

with Hyperlinks to your home page.

URL: businesswire.com (c) 1998 Business Wire

COPYRIGHT © 1998 REUTERS LIMITED. ALL RIGHTS RESERVED.