SOURCE: AmeriResource Technologies, Inc.

November 21, 2007 06:30 ET

AmeriResource 2007 Sales Increase Significantly in First Nine Months

LAS VEGAS, NV--(Marketwire - November 21, 2007) - AmeriResource Technologies, Inc. (OTCBB: AMRE), a diversified holding company, announced today that its revenues (unaudited) for its subsidiaries, BizAuctions, Inc., AuctionWagon Inc., and RoboServer Systems Corp., for the nine months ending September 30, 2007, have increased approximately 246%.

"For the nine months ending September 30, 2007, revenues have increased to approximately $1,991,792 from approximately $576,252 for the corresponding period in 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 model of BizAuctions, Inc. The Companies have not achieved net profits after General and Administrative expenses however, have made significant progress in reducing losses," noted Delmar Janovec, CEO of AmeriResource.

"BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. The Company has worked diligently to bring in new commercial clients who recognize the Company's commitment and ability to provide a quality service for the client. BizAuctions consigns, buys inventory, and liquidates through eBay," continues Janovec.

"AuctionWagon is one of the leaders in the auction-consignment software management systems and operations. After opening one of the world's very first eBay drop-off stores, AuctionWagon's team of retail experts and former software developers from Microsoft and eBay developed a software platform, the Store Manager Pro [G2] that is revolutionizing the way merchandise is offered for sale to the world on eBay. AuctionWagon is both an eBay Certified Developer and eBay Trading Post that has the insider expertise and proven ability to lead the industry," comments Janovec.

"RoboServer Systems Corp., developer of the revolutionary Self-Serve System that enables quick-service restaurant customers to process their own orders on a touch-screen kiosk, has made significant progress in 2007 with the development of its 'Assisted Server-CT-MY1,' dual screen counter top unit, and the establishment of two new divisions within the Company, 'LineBuster' and 'iOrder.' We anticipate being very busy in 2008 with the development of the 'Assisted Server-CT-MY1' and the establishment of the two divisions, 'LineBuster' and 'iOrder,'" concluded Janovec.

For additional information on BizAuctions, please visit their website at; for AuctionWagon can be found on their website at, and RoboServer can be found on their website at

ABOUT AMERIRESOURCE: AmeriResource is a diversified holding company with headquarters in Las Vegas, Nevada. It operates BizAuctions, Inc., AuctionWagon Inc., RoboServer Systems Corp., and VoIPCOM USA, Inc., as operating subsidiaries. For more information on the Company and its operating 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 and other publicly available information regarding the Company on file with the Securities and Exchange Commission, at The Company will provide you with copies of this information upon request.

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