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

To: CUBBY who wrote (6715)	5/20/1999 6:12:00 PM
From: James Lee Baldwin	Read Replies (2) \| Respond to of 7609

Bad news. Now ARET spilts what they make with another firm when it seemed clear they could do it themselves. James

To: CUBBY who wrote (6715)	5/20/1999 7:52:00 PM
From: OLD JAKE JUSTUS	Respond to of 7609

I'm glad to see you posting over here! I look for some further upturn in ARET. But, then what do I know? I just hope! I'm loaded up with this one. Good Luck!

To: CUBBY who wrote (6715)	5/20/1999 10:22:00 PM
From: Bird	Read Replies (3) \| Respond to of 7609

OLD NEWS !! I believe this "residential loan program" announced today with George K. Baum & Company is merely rehash of what was announced on 2/18/99. The "secondary market conduit" referenced in that press release is more than likely George K. Baum & Company. (see below) >LENEXA, Kan.--(BUSINESS WIRE)--Feb. 18, 1999--Dustan R. Shepherd, >president of First Americans Mortgage Corp. (FAMC), a subsidiary of >AmeriResource Technologies Inc. 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. In today's press release, they state: . "This alliance will allow FAMC to focus on product development for home buyers that would not otherwise qualify for a mortgage under the company's PMI/Freddie Mac loan program." Back in the 2/18/99 release they state: . "the development of a new residential loan product to be used in conjunction with existing conventional and government insured loan programs." It's the same program announced 3 months ago, and George K. Baum & Company is the "secondary market conduit" referenced in that 2/18/99 press release. Bird (conduit for truth)