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To: T A P who wrote (33369)	3/9/1999 3:05:00 PM
From: TsioKawe	Read Replies (1) \| Respond to of 34592

First Americans (ARET)to Enter Urban Indian Market Through the Internet LENEXA, Kan.--(BUSINESS WIRE)--Feb. 18, 1999--Dustan R. Shepherd, president of First Americans Mortgage Corp. (FAMC), a subsidiary of AmeriResource Technologies Inc. (OTC BB:ARET) announced Thursday that the company will expand their Native American loan production by utilizing their Internet origination website and video conferencing in conjunction with Indian Centers. The company recently submitted a $100 million loan origination proposal to a primary secondary market conduit. The proposal targets the Urban Indian population in 10 major metropolitan areas and calls for the development of a new residential loan product to be used in conjunction with existing conventional and government insured loan programs. FAMC proposes to reach out to the more than 70,000 Native American households located in these cities by placing computers with Internet access into each of the city's Indian Centers. Through the use of FAMC's origination webpage and video conferencing Native American home buyers could walk into an Indian Center, sit down and have a face-to-face interview with FAMC staff in Kansas. According to the National Urban Indian Council more than 75 Indian Centers provide cultural and supportive services to urban Native Americans in cities from coast-to-coast. In conjunction with this new project, the company is pleased to announce the addition of Chester (Chet) L. Ellis to the FAMC staff. Ellis, a member of the Arikara tribe, joins FAMC after spending 22 years as the executive director of the Heart of America Indian Center, Kansas City, Mo. The center under Ellis' direction served more than 6,000 individuals representing more than 55 tribes. As a past board member of the National Urban Indian Council, Ellis brings a vast network of contacts throughout Indian Country and in particular Indian Centers. His primary responsibility will be to identify the most opportunistic centers for partnership development while assisting the operational staff in designing an effective working structure with each center. Although the initial point of contact with the borrower will be through the Internet, FAMC envisions many of the larger centers having enough loan production to warrant loan originators onsite at some point in the future. Shepherd stated: "Lenders have marketed to women, African Americans, Hispanics, Asian Americans and other minorities for years but we know of no one lender who has made a concentrated effort to capture the nonreservation Native American market. With the addition of Chet to our staff, we look forward to matching our reservation lending accomplishments by capturing the lion's share of the off reservation Native American market."