SOURCE: AmeriResource Technologies, Inc.

June 12, 2008 18:27 ET

AmeriResource Announces New Stock Symbol, ARIO

LAS VEGAS, NV--(Marketwire - June 12, 2008) - AmeriResource Technologies, Inc. (OTCBB: ARRT), a diversified holding company, announced that effective today it has completed its one-for-four hundred reverse stock split and that its stock will be trading under the symbol ARIO (OTCBB: ARIO).

"This new capital structure and new stock symbol marks a new time for AmeriResource. Having recently announced a 217% revenue increase for the first quarter ended March 31, 2008 over the same period in 2007, and a 245% revenue increase for the year-ended December 31, 2007 over calendar year 2006, the Company has experienced strong revenue growth that requires some changes," noted Delmar Janovec, CEO of AmeriResource.

"The Board and management believe the reverse stock split was in the best interest of the Company and its shareholders on a long-term basis. 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 further expansion of our operating subsidiaries, BizAuctions, Inc., RoboServer Systems Corp., and AuctionWagon, Inc."

The new stock symbol ARIO and reverse split of its common stock will be effective as of market open on June 13, 2008. 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, 2007, and the first Quarter Form 10-Q financial statement ended March 31, 2008. The financial statements can be viewed with the Securities and Exchange Commission, at

ABOUT AMERIRESOURCE: AmeriResource is a diversified holding company with headquarters in Las Vegas, Nevada. It operates BizAuctions, Inc., AuctionWagon, Inc., and RoboServer Systems Corp., among others. 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 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.

Contact Information