SOURCE: AmeriResource Technologies, Inc.

April 29, 2008 12:42 ET

AmeriResource Update: BizAuctions Consignment Services Sells Commercial-Industrial Ice Cream Machine

LAS VEGAS, NV--(Marketwire - April 29, 2008) - AmeriResource Technologies, Inc. (OTCBB: ARRT), a diversified holding company announced today that its subsidiary, BizAuctions, Inc. (PINKSHEETS: BZCN), a prime provider of commercial eBay liquidation services, consignment services for industrial and light equipment, sold the Taylor Ice Cream Freezer Machine eBay listing # 160232594575.

Delmar Janovec, CEO, comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, consignment services received six bids for the Taylor Soft Serve Ice Cream machine with the winning high bid of $2,125.00. Sale of this commercial industrial equipment proves there is a market for good used industrial and light equipment to a secondary market of consumers. The consumer is getting good used equipment at significant reduction in price from the original retail price. The savings will allow the consumer or end user of the winning bid the option of investing his savings in other areas of their business. This is a win-win for the retailer who has liquidated good used equipment, the consumer or end user has saved thousands of dollars for his business, and BizAuctions has now earned a lucrative commission for facilitating the entire transaction. The consignment services will bring a new revenue center to the BizAuctions business model that will benefit all of the parties involved. Please view the following link to review BizAuctions listing for the industrial equipment sold."

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=160232594575&ru=http%3A%2F%2Fsearch.ebay.com%3A80%2Fsearch%2Fsearch.dll%3Ffrom%3DR40%26_trksid%3Dm37%26satitle%3D160232594575%26category0%3D%26fvi%3D1

"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. BizAuctions consigns, buys inventory, and liquidates through eBay," continues Janovec.

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.

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.

The Company encourages the public to read the above information in conjunction with its year-end 10-KSB for December 31, 2007, and the Quarterly 10-QSB's statements filed in 2007. The financial statements can be viewed at www.sec.gov.

ABOUT AMERIRESOURCE: AmeriResource is a diversified holding company with headquarters in Las Vegas, Nevada. It operates BizAuctions, Inc., www.bizauctions.com, RoboServer Systems Corp., www.roboservercorp.com, and AuctionWagon, Inc., www.auctionwagon.com, among others, 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, at www.sec.gov. The Company will provide you with copies of this information upon request.

Contact Information