SOURCE: AmeriResource Technologies, Inc.

September 14, 2007 05:20 ET

AmeriResource Update: BizAuctions Announces Record Revenue for August

LAS VEGAS, NV--(Marketwire - September 14, 2007) - AmeriResource Technologies, Inc. (OTCBB: AMREE) announced that its subsidiary, BizAuctions, Inc. (PINKSHEETS: BZCN), a prime provider of commercial eBay liquidation services for excess inventories, achieved record revenue for the month of August.

"BizAuctions' sales have continued to grow steady and strong," noted CEO Delmar Janovec. "The month of August showed record revenue with a substantial increase over previous monthly sales."

"Management is pleased with BizAuctions' revenue growth since inception, especially over the last several months. Although the company is not profitable at this time, this growth is indicative of the tremendous opportunity before us as we work to build a major operation and have a significant impact on corporate America," Janovec concluded.

The revenue figures for the month were not released at this time, but will be included in the financial statements for the quarter ended September 30, 2007.

BizAuctions' revenues have increase substantially over the last several quarters, as follows:

Quarter Ended       Revenue
-------------       --------
  9/30/06           $192,097
 12/31/06           $223,123
  3/31/07           $326,906
  6/30/07           $438,764

BizAuctions' clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay.

At $60 billion, BizAuctions is targeting an enormous market while helping companies solve one of their greatest problems. 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. We consign, we buy, and we liquidate through eBay!

BizAuctions' operations are designed for maximum capacity to handle most any eBay liquidation project. Whether the client is a Fortune 500 company with 1,000 items or a small business with 100 items, BizAuctions can take on most any project and recover funds from clients' excess inventory.

More information is available at www.BizAuctions.com. Investors and media can receive a free investor kit for BizAuctions, Inc. by contacting Investor Relations at investors@BizAuctions.com or (800) 961-3275. A virtual tour of BizAuctions' facilities and flash video presentation can be viewed at http://www.bizauctions.com/tour.shtml.

ABOUT BIZAUCTIONS -- ADDRESSING THE $60 BILLION PROBLEM

BizAuctions, Inc. (PINKSHEETS: BZCN) is a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their industries.

BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay, and collecting payment.

We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space.

With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory on eBay.

The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "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 services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.

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