SOURCE: AmeriResource Technologies, Inc.

August 29, 2007 05:20 ET

AMRE Update: BizAuctions Reports Record Revenue, a 34% Increase Over Previous Quarter

LAS VEGAS, NV--(Marketwire - August 29, 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, released a quarterly report for the quarter ended June 30, 2007, where revenues increased approximately 34% over the previous quarter ended March 31, 2007.

The Company's CEO, Delmar Janovec, noted that, "Revenues increased to $438,764 for the quarter, representing an approximate 34% increase over the previous quarter ended March 31, when revenues totaled $326,906."

The Company's 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

Janovec added, "Since the quarter ended September 30, 2006, less than one year ago, our revenues have increased over 125%. Although the company is not profitable at this time, these results are a demonstration of our continued strong revenue growth."

"I am also pleased to report that business has continued to increase for the third quarter, and we expect strong revenue growth for the fourth quarter, as well. We believe our growth since inception 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.

To view the unaudited financial report for the second quarter ended June 30, 2007, please visit http://www.otciq.com/otciq/ajax/showFinancialReportById?id=11707

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 Company encourages the public to read the above information in conjunction with its year end statement for December 31, 2006, and the second Quarter statement ended June 30, 2007. BizAuctions financial statements can be viewed at www.PinkSheets.com.

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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