AmeriResource Update: BizAuctions Consignment Services Sells More Industrial Items in May, 2008
June 24 2008 - 6:20AM
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 sells additional industrial units for the month of
May.
Delmar Janovec, CEO comments, "BizAuctions, a Titanium
Powerseller, on eBay through its eBay store name: BusinessAuctions
Inc, consignment program continues to make progress with the sale
of additional units in May, 2008 with total sale price of $6,599.
BizAuctions continues to receive numerous inquiries from some of
the Nations' leading retail-wholesalers and have now extended our
consignment services to States outside of California. 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 preserves cash flow rather than reducing the
Company's cash position. Please review the following links to view
a sampling of industrial items BizAuctions has sold."
Exact Workhorse Automatic Meat Wrapper Wrapping Machine
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=130221208322&ru=http%3A%2F%2Fsearch.ebay.com%3A80%2Fsearch%2Fsearch.dll%3Ffrom%3DR40%26_trksid%3Dm37%26satitle%3D130221208322%26category0%3D%26fvi%3D1
Cardinal Detecto 708 S Rolling Digital Bench Food Scale
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=350060882675&ru=http%3A%2F%2Fsearch.ebay.com%3A80%2Fsearch%2Fsearch.dll%3Ffrom%3DR40%26_trksid%3Dm37%26satitle%3D350060882675%26category0%3D%26fvi%3D1
HIX Corp DoughXpress DXA SS Air Auto Pizza Dough Press
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=130224222604&ru=http%3A%2F%2Fsearch.ebay.com%3A80%2Fsearch%2Fsearch.dll%3Ffrom%3DR40%26_trksid%3Dm37%26satitle%3D130224222604%26category0%3D%26fvi%3D1
"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' 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 statement for the period ended 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., 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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