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AmeriResource Reports Revenue of $1,341,904 for Six Months Ended June 30, 2009
Press Release Source: AmeriResource Technologies, Inc. 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.
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.
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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
Posts: 406 | From: San Diego | Registered: Jun 2009
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Smash, are you still watching this, or in this one? This looks like another nxhd, but not sure? In your opinion, is it possible to get in at 0001, and sell at 0002?
Posts: 254 | From: Middle of Kansas | Registered: Jul 2009
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