AmeriResource Update: BizAuctions Consignment Services for Industrial Equipment Evolves

LAS VEGAS, NV , a diversified holding company, announced today that its subsidiary, BizAuctions, Inc. (PINKSHEETS: BZCN), a prime provider of commercial eBay liquidation services, consignment services for industrial and light equipment, is gaining momentum.

Delmar Janovec, CEO, remarks, "BizAuctions, a Titanium Powerseller on eBay through its eBay store name: BusinessAuctions Inc, consignment services are gaining momentum since establishing the new service in January of this year. Due to our numerous inquiries from some of the nation's leading retail-wholesalers earlier in the year as to how they could sell some of their used industrial equipment, the BizAuctions program is moving forward with newly added listings of industrial equipment being sold to the highest bidder on eBay. A big advantage of consignment services for BizAuctions is not having to utilize funds from cash flow to purchase the industrial equipment. This is largely different than our initial business model whereby the Company purchases the excess inventory or returns from the Retailer at a significant discount of the retail price. The consignment services preserve cash flow rather than reducing the Company's cash position. Please view the following link to review BizAuctions' new listing for industrial equipment." http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=160232594575-

"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," noted 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 [e-mail] or [phone]. 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, 2007, and the Quarterly 10-QSB's statements filed in 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., www.bizauctions.com, RoboServer Systems Corp., www.roboservercorp.com, and AuctionWagon, Inc., www.auctionwagon.com, among others as operating subsidiaries. For more information on the Company and its 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 [phone] Email: Email Contact http://www.ameriresourcetechnologies.com