SOURCE: AmeriResource Technologies, Inc.

June 24, 2008 06:20 ET

AmeriResource Update: BizAuctions Consignment Services Sells More Industrial Items in May, 2008

LAS VEGAS, NV--(Marketwire - June 24, 2008) - AmeriResource Technologies, Inc. (OTCBB: ARIO), a diversified holding company, announced today that its subsidiary, BizAuctions, Inc., (PINKSHEETS: BZCN), a prime provider of commercial eBay liquidation services, consignment services sells additional industrial units for the month of May.

Delmar Janovec, CEO comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, consignment program continues to make progress with the sale of additional units in May, 2008 with total sale price of $6,599. BizAuctions continues to receive numerous inquiries from some of the Nations' leading retail-wholesalers and have now extended our consignment services to States outside of California. A big advantage of consignment services for BizAuctions is not having to utilize funds from cash flow to purchase the industrial equipment. This is largely different than our initial business model whereby the Company purchases the excess inventory or returns from the Retailer at a significant discount of the retail price. The consignment services preserves cash flow rather than reducing the Company's cash position. Please review the following links to view a sampling of industrial items BizAuctions has sold."

Exact Workhorse Automatic Meat Wrapper Wrapping Machine

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=130221208322&ru=http%3A%2F%2Fsearch.ebay.com%3A80%2Fsearch%2Fsearch.dll%3Ffrom%3DR40%26_trksid%3Dm37%26satitle%3D130221208322%26category0%3D%26fvi%3D1

Cardinal Detecto 708 S Rolling Digital Bench Food Scale

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=350060882675&ru=http%3A%2F%2Fsearch.ebay.com%3A80%2Fsearch%2Fsearch.dll%3Ffrom%3DR40%26_trksid%3Dm37%26satitle%3D350060882675%26category0%3D%26fvi%3D1

HIX Corp DoughXpress DXA SS Air Auto Pizza Dough Press

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=130224222604&ru=http%3A%2F%2Fsearch.ebay.com%3A80%2Fsearch%2Fsearch.dll%3Ffrom%3DR40%26_trksid%3Dm37%26satitle%3D130224222604%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," noted Janovec.

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 Form 10-KSB for December 31, 2007, and the Quarterly Form 10-Q statement for the period ended March 31, 2008. 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