AmeriResource Update: BizAuctions Revenues for February 2008 Increase by 214%
March 04 2008 - 6:20AM
Marketwired
LAS VEGAS, NV , a diversified holding company, announced today
that February revenues (unaudited) for its subsidiary, BizAuctions,
Inc. (PINKSHEETS: BZCN), increased by approximately 214% over
revenues for the same period in 2007.
"For the month ending February 29, 2008, revenues (unaudited) of
approximately $357,112 showed growth of 214% for an increase of
$243,402 from $113,710 in revenues for the corresponding month in
2007. Shipping and handling contributed $43,799 of the $357,112 in
sales for February. We provide quality merchandise at a discount
over retail pricing which appeals to all buyers. BizAuctions' eBay
business model continues to show steady growth and it is clear that
American companies are in need of commercial liquidation services,"
noted Delmar Janovec, CEO of AmeriResource.
The company continues to make considerable progress in reducing
costs, increasing gross profits, and is very near to realizing net
profits on a consistent basis. BizAuctions revenues have increased
substantially over the last several quarters, and 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)
"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 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.
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 www.sec.gov.
ABOUT AMERIRESOURCE: AmeriResource is a diversified holding
company with headquarters in Las Vegas, Nevada. It operates
BizAuctions, Inc., AuctionWagon Inc., 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 http://www.ameriresourcetechnologies.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.
Contact: AmeriResource Technologies Inc. Delmar Janovec (702)
214-4249 Email: Email Contact
http://www.ameriresourcetechnologies.com
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