SOURCE: AmeriResource Technologies, Inc.

April 23, 2007 05:45 ET

AmeriResource Provides Update on Status of Form 10KSB

LAS VEGAS, NV -- (MARKET WIRE) -- April 23, 2007 -- AmeriResource Technologies, Inc. (OTCBB: AMREE) announces that it is in the final stages of completing its Form 10KSB for the period ending 12-31-06, and will file the report as soon as it is completed.

AmeriResource President, Delmar Janovec, states, "Due to recent accounting pronouncements and the potential effect on the Company's financial statements, the Company was not able to file its Form 10 KSB, by the extension deadline of April 17, 2007. The Company is working with its auditors, and we intend to file the report as soon as it is completed.

ABOUT AMERIRESOURCE: AmeriResource is a diversified public company with headquarters in Las Vegas, Nevada. It operates BizAuctions, Inc., RoboServer Systems Corp., Net2Auction, Inc., and AuctionWagon, Inc., as operating subsidiaries. For more information on the Company and its 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. The Company will provide you with copies of this information upon request.

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