AmeriResource Update: BizAuctions Consignment Services for Industrial Equipment Evolves
April 25 2008 - 6:30AM
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, 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 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, 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 (702)
214-4249 Email: Email Contact
http://www.ameriresourcetechnologies.com
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