AmeriResource Update: BizAuctions' Revenues For 2nd Quarter, 2008 Increase by 93%
01 7월 2008 - 7:30PM
Marketwired
LAS VEGAS, NV , a diversified holding company announced today
that its subsidiary, BizAuctions, Inc. (PINKSHEETS: BZCN), a prime
provider of commercial eBay liquidation services, 2nd Quarter 2008
revenues (unaudited) increased by approximately 93% over revenues
for the same Quarter in 2007.
"For the 2nd Quarter ending June 30, 2008, revenues (unaudited)
have increased to approximately $848,966 from $438,764 an increase
of $410,202 or approximately 93% over the corresponding Quarter in
2007. Gross profits increased considerably and the net loss was
reduced appreciably as compared to the same period in 2007.
Management and staff continue to make great strides in increasing
gross profits, reducing operating costs, and are very close to
realizing net profits on a consistent monthly basis," comments
Delmar Janovec, CEO of AmeriResource.
"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 Form 10-KSB for December 31, 2007,
and the Quarterly Form 10-Q for March 31, 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. It operates
BizAuctions, Inc., AuctionWagon Inc., RoboServer Systems Corp., and
among others as operating subsidiaries. For more information on the
Company and its operating subsidiaries, please see the Company's
websites at http://www.ameriresourcetechnologies.com,
www.bizauctions.com, www.auctionwagon.com, and
www.roboservercorp.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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