SOURCE: AmeriResource Technologies, Inc.

December 11, 2007 06:30 ET

AmeriResource Announces New Stock Symbol, ARRT

LAS VEGAS, NV--(Marketwire - December 11, 2007) - AmeriResource Technologies, Inc. (OTCBB: AMREE) (OTCBB: ARRT), a diversified holding company, announced that effective today it has completed its one-for-fifty reverse stock split and that its stock is now trading under the symbol ARRT.

"This new capital structure and new stock symbol marks a new era for AmeriResource. Having recently announced a 308% revenue increase for the third quarter ended September 30, 2007, the Company has experienced strong revenue growth that called for some changes," noted Delmar Janovec, CEO of AmeriResource.

"The Board and management believe this reverse stock split was in the best interest of the Company and its shareholders. Having undergone this strong revenue growth, we believe this will enhance the Company's flexibility with regard to matters that may be identified from time to time such as financing, employee compensation, potential acquisitions, strategic business relationships, and the expansion of our operating subsidiaries, RoboServer Systems Corp. and BizAuctions, Inc.," added Janovec.

The new stock symbol ARRT and reverse split of its common stock became effective as of market open today Tuesday, December 11, 2007. All fractional shares were rounded up to the next whole share, and the percentage ownership interest of all existing shareholders essentially remained the same.

The Company encourages the public to read the above information in conjunction with its year-end statement, Form 10-KSB for December 31, 2006, and the third Quarter financial statement ended September 30, 2007. The financial statements can be viewed with the Securities and Exchange Commission, at


AmeriResource is a diversified holding company with headquarters in Las Vegas, Nevada. Among others, it operates BizAuctions, Inc., AuctionWagon Inc., and RoboServer Systems Corp. as subsidiaries. For more information on the Company and its subsidiaries, please see the Company's website at

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 that is on file with the Securities and Exchange Commission, at, and other publicly available information on the Company. The Company will provide you with copies of this information upon request.

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