LAS VEGAS, Aug. 7 /PRNewswire-FirstCall/ -- AmeriResource Technologies, Inc. (Pink Sheets: ARIO - News) announced today that it holds common stock and convertible preferred with a face value exceeding $750,000 in Nexia Holdings, Inc. (Pink Sheets: NXHD - News) and Green Endeavors, LTD. (Pink Sheets: GRNE - News).
"We believe Nexia Holdings and Green Endeavors both have sound business models that offer their shareholders and investors a diversification of industries for their investments. It is our anticipation and belief that AmeriResource and its subsidiaries stock portfolios will have a greater value upon the conversion of the stock portfolios and after meeting the requirements of Rule 144," Janovec comments.
"AmeriResource also is in the process of updating its own website as well as its ATTO Solutions website which has dated information. We are committed to delivering up to date and accurate information to potential customers and investors alike. Management is working diligently to bring AmeriResource filings current with the SEC and revamping our website to be in compliance with the current information requirements," concluded Janovec.
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 www.ameriresourcetechnologies.com and subsidiary websites.
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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