AmeriResource 2007 Sales Increase Significantly in First Six Months
AmeriResource Technologies, Inc. (OTCBB: AMRE), a diversified holding company, announced today that its revenues (unaudited) for its subsidiaries, BizAuctions, Inc., AuctionWagon Inc., Net2Auction, Inc., and RoboServer Systems Corp., for the first six months of 2007 has increased by approximately 315%.
"For the first half of 2007, revenues have increased to approximately $1,000,000 from approximately $315,000 in the first six months of 2006. The increase in revenues is attributed to the solid management and staff in each of our companies as well as the strong growth in the business models of BizAuctions, Inc. and AuctionWagon Inc. The Companies have not achieved net profits but have made significant progress in reducing the operating losses," noted Delmar Janovec, CEO of AmeriResource.
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For additional information on BizAuctions, please visit their website at www.bizauctions.com and for AuctionWagon can be found on their website at www.auctionwagon.com.
ABOUT AMERIRESOURCE: AmeriResource is a diversified holding company with headquarters in Las Vegas, Nevada. It operates BizAuctions, Inc., AuctionWagon Inc., RoboServer Systems Corp., and Net2Auction, Inc., as operating subsidiaries. For more information on the Company and its operating subsidiaries, please see the Company's website at http://www.ameriresourcetechnologies.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission, at www.sec.gov. The Company will provide you with copies of this information upon request.
Contact:
AmeriResource Technologies, Inc.
Delmar Janovec
(702) 214-4249
Email: Email Contact
http://www.ameriresourcetechnologies.com
OR
For Investor Relations:
Target-IR
Investor Relations
(406)-844-0150
www.target-ir.com
Source: Market Wire (July 25, 2007 - 4:15 AM EST)
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