SOURCE: AmeriResource Technologies, Inc.

March 25, 2008 06:20 ET

AmeriResource Update: BizAuctions Secures New Contract in March

LAS VEGAS, NV--(Marketwire - March 25, 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 for excess inventories, has secured a new contract in March with one of the top 50 retailer-wholesalers in the USA, involving liquidation services for overstocks, excess inventory and returns.

"BizAuctions' eBay business model continues to show steady revenue growth as indicated in each quarter in 2007. This new contact with a top retailer-wholesaler is located out-of-state and a further testament to our management's and staff's commitment to providing superior liquidation services for our clients. It is clear that American companies are in need of quality liquidation services," commented Delmar Janovec, CEO.

Although BizAuctions has not realized a net profit on a consistent basis it is very close to achieving a consistent net profit. BizAuctions revenues have increased 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
   9/30/07       $971,965
  12/31/07     $1,010,183 (preliminary & unaudited)

A virtual tour of BizAuctions' facilities and Flash video presentation can be viewed at

"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. 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 10-KSB for December 31, 2006, and the third Quarter 10-QSB for September 30, 2007. 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. and RoboServer Systems Corp., among others as operating subsidiaries. For more information on the Company and its operating subsidiaries, please see the Company's website at

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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