posted
Started a new post for BZCN in case it's the only one that moves (if it moves) from the PR that PeterLynch has already posted. This is his pick if it's a winner.
AmeriResource Reports Revenue of $1,341,904 for Six Months Ended June 30, 2009
Related Companies
ARIO 0.0002 0.00% BZCN 0.0012 0.00% On Thursday August 6, 2009, 4:24 pm EDT
LAS VEGAS, Aug. 6 /PRNewswire-FirstCall/ -- AmeriResource Technologies, Inc. (Pink Sheets: ARIO - News) announced that its subsidiary, BizAuctions, Inc. (Pink Sheets: BZCN - News), a prime provider of commercial eBay liquidation services for excess inventories and returns, generated revenue for the six months ended June 30, 2009 of approximately $1,341,904.
"While the revenues are down from the same period in calendar year 2008, we are optimistic that our eBay business model will begin increasing revenues going into the fall when the consumer expenditures for back-to-school hit the retail markets and as the economy begins to make improvements. We are beginning to see hints of some of this spending at BizAuctions as well as our Lucky 7's retail store," noted CEO Delmar Janovec.
"We believe with our sound eBay business model and the addition of ATTO Enterprises, Inc., this year, the Company should enjoy a reasonable progressive year in 2009," Janovec concluded.
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 statements filed in calendar year 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. For more information on the Company, please see the Company's website at http://www.bizauctions.com, and http://www.attosolutions.com.
quote:Originally posted by Smash: Hmmm...I'm not sure whether to research ARIO or BCZN. Seems like BZCN would have an easier time making a move from this PR (even though I think they said revenues were down from last year). ARIO may stay stuck in the triple zero 1 to 2s bounce.
BZCN has a market cap of only $260k, but generates $1.3 million in revenue in six months? The pps made it to like .0018 on August 5th, then took a dip today (aug 6th) and closed on it's low.
I feel like BZCN is the real winner from this PR, but I can't be sure how the market's going to react to this.
I'm watching both tomorrow as long as it's not a gapper. Thanks for posting the news. Sam
Wrote that on PeterSLynch's ARIO thread. BZCN's chart is showing that it's heavily oversold (good). If the market sees this as positive news...it should move fairly easily. Be careful if it gaps, and realize that the whole "revenues down from last year" may actually make this a bad release. Only thing that could be good is the large revenue for tiny market cap company. BE VERY CAREFUL WITH THIS AND ARIO.
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