SOURCE: AmeriResource Technologies, Inc.

May 11, 2005 05:15 ET

AmeriResource Subsidiary Net2Auction, Inc. Begins Trading -- Stock Symbol 'NAUC'

Net2Auction Is a Leading Provider of Auction Drop Off Services

LAS VEGAS, NV -- (MARKET WIRE) -- May 11, 2005 -- AmeriResource Technologies, Inc. (OTC BB: AMRE) announced that its subsidiary, Net2Auction, Inc., has begun trading under the ticker symbol NAUC.

Net2Auction is a leading provider of auction drop off services that allow people to easily sell their items on eBay by dropping unwanted goods off at company locations. Net2Auction's virtual store tour and promotional video can be viewed at http://www.net2auction.com/videos.html.

The Company provides a full-service eBay auction listing program that boasts a customer satisfaction rating that exceeds 99%. Selling on eBay with Net2Auction is easy -- customers just bring valuable, yet unwanted goods into Net2Auction drop off locations and we do all of the work.

Customers can get in and out of our store in less than five minutes, and we take care of all the eBay selling tasks including product description, photos, payment processing and collection, and shipping. In exchange for providing eBay drop off and consignment services to its customers, Net2Auction charges a service fee against the final sale price of the item.

Currently operating several drop off locations in California through partnership agreements with pack and ship retail centers, Net2Auction has a winning formula for success: we have no cost of inventory, we are undergoing rapid expansion, and we reap lucrative consignment fees while making our customers money.

Net2Auction's rapid expansion is fueled by the growing number of U.S. consumers who would like to sell their unwanted goods on eBay, but don't have the time, energy, or know-how to do so. Management believes that the Company is facing an unprecedented growth opportunity in what is believed to be a $30,000,000,000 annual industry.

Delmar Janovec, Net2Auction President, commented, "It has been estimated that the online auction business approaches $30,000,000,000 annually, and we are working to capture a significant portion of that market.

"According to a recent AC Nielsen survey, 'American households have approximately $2,200 worth of unused items' that could possibly be sold on eBay. With the staggering number of people who can't or don't want to sell those items on eBay themselves, we believe we are targeting a market with immeasurable opportunity by offering a simple five-minute drop off service," Janovec concluded.

As auction drop off services such as Net2Auction are gaining the momentum that has been expected, industry analysts expect this exponential growth to continue.

More information is available at www.Net2Auction.com. Investors and media can receive a free investor kit for Net2Auction, Inc. by contacting Investor Relations at investors@net2auction.com or (800) 450-1935. Net2Auction's virtual store tour and promotional video can be viewed at http://www.net2auction.com/videos.html.

To view the aforementioned AC Nielsen survey, please visit http://download.ebay.com/tas/5022.pdf

ABOUT NET2AUCTION

Net2Auction, Inc. is a leading provider of auction drop off services that allow people to easily sell their items on eBay by dropping unwanted goods off at Net2Auction locations. Getting its customers in and out of its drop off locations in less than five minutes, the Company offers a full-service eBay listing program that requires almost no effort on the customers' part.

Currently undergoing rapid expansion, Net2Auction's growth is fueled by the increasing number of consumers who would like to sell unwanted goods on eBay but don't have the time, energy, or know-how to do so.

Net2Auction - You bring it in. We auction it online.

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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