LAS VEGAS, Aug. 5 /PRNewswire-FirstCall/ -- AmeriResource Technologies, Inc. (Pink Sheet: ARIO), a diversified holding company, shares its insight into the multi-billion dollar freight industry. ARIO, through its subsidiary, ATTO Enterprises, Inc., is in the initial stages of hiring sales staff, retooling its software, and updating its web site in an effort to begin saving potentially thousands of clients anywhere between 5% to 20% on their shipping bills.
Delmar Janovec, CEO of AmeriResource comments, "The trucking-freight industry has enjoyed some of its best years in the amount of revenues and tons shipped during the 2006 and 2007 timeframe, as detailed in the Reuters press release report at http://www.reuters.com/article/pressRelease/idUS162692+25-Jan-2008+BW20080125. Revenues exceeded $600 billion and over 10 billion tons were shipped. The report shows the industry is an enormous market and If ATTO Enterprises is able to capture only a fraction of this industry revenue, ATTO will have a bright future."
Mr. Janovec continued, "With the economy still on the ropes, ATTO's technology is another way for businesses to trim the 'fat' by reducing shipping costs. The beauty of ATTO's service is that it cost nothing other than the time it takes for its clients to sign up. ATTO gets paid out of the savings it creates for its clients. According to documents from former Atto Solution LLC, the technology was able to save up to 20% in shipping cost for it clients. I am optimistic that ATTO, with the proper financing, will be able to land many clients that spend in excess of $1M in shipping every year. I encourage potential clients and investors alike to do the math on what such numbers could mean to ARIO's bottom line in the not too distant future."
If you are interested in a sales position with ATTO please contact Delmar Janovec at the number below or the email address.
About ATTO Enterprises - Addressing the Freight Industry
ATTO Enterprises addresses the shipping expenditures for its clients by providing our software technology that reviews the customer's overall freight systems and expenses to determine if the customer's costs are in line within the industry. Following the analysis, the Company will provide the customer with our findings and cost saving projections. If ATTO does not save the customer on its shipping charges, then the customer does not pay. If ATTO saves the customer on its shipping charges, then ATTO shares in the cost savings as our fee for the services.
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's subsidiary, please see the Company's website at 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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