SOURCE: AmeriResource Technologies, Inc.

July 01, 2008 06:30 ET

AmeriResource Update: BizAuctions' Revenues For 2nd Quarter, 2008 Increase by 93%

LAS VEGAS, NV--(Marketwire - July 1, 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, 2nd Quarter 2008 revenues (unaudited) increased by approximately 93% over revenues for the same Quarter in 2007.

"For the 2nd Quarter ending June 30, 2008, revenues (unaudited) have increased to approximately $848,966 from $438,764 an increase of $410,202 or approximately 93% over the corresponding Quarter in 2007. Gross profits increased considerably and the net loss was reduced appreciably as compared to the same period in 2007. Management and staff continue to make great strides in increasing gross profits, reducing operating costs, and are very close to realizing net profits on a consistent monthly basis," comments Delmar Janovec, CEO of AmeriResource.

"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 Investors and media can receive a free investor kit for BizAuctions, Inc. by contacting Investor Relations at or (800) 961-3275. A virtual tour of BizAuctions' facilities and flash video presentation can be viewed at

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 for March 31, 2008. The financial statements can be viewed at

ABOUT AMERIRESOURCE: AmeriResource is a diversified holding company with headquarters in Las Vegas, Nevada. It operates BizAuctions, Inc., AuctionWagon Inc., RoboServer Systems Corp., and among others as operating subsidiaries. For more information on the Company and its operating subsidiaries, please see the Company's websites at,,, and

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 The Company will provide you with copies of this information upon request.

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