Here is some basic information for ARET - as shown on places such as Market Guide, Yahoo, and several other locations.
ARET seems to be in a slow period for now - as many OTC companies do. There seems to be lots of potential here. Let's hope it grows. This is a reporting company and has financial records on file.
AmeriResource Technologies provides Native Americans with financing for new, existing and rehabilitation housing projects. ARET also provides engineering and construction services. For the 3 months ended 3/31/00, Company reported no revenues. Net income totalled $2.1M vs. a loss of $528K. Results reflect the lack of operations due to the sale of First Americans Mortgage Corp, and $2.2M in realized gain on marketable securities.
AmeriResource Tech., Inc.
1818 Hicks Road #C
Rolling Meadows, IL 60008
Phone: (847) 221-2801
OFFICERS: Delmar Janovec, Chmn./CEO, Dustan Shepherd, Pres. TRANSFER AGENT: Interwest Transfer C
The latest PR. relates to further diversification as shown by this heading...
"AmeriResource Announces Intent To Enter
Into the Hotel, Resort and Casino Business
Business Wire - May 04, 2000 16:35"
In this latest PR...'Mr. Janovec states, "We have a definite idea of where we want to be in two years and we have embarked to accomplish that goal on behalf of our shareholders, either through strategic acquisition of quality companies and
people, or by developing the opportunities internally through joint venture arrangements. At this time we are seriously considering numerous opportunities that would fit into our short and long range goals of the Company. Our main goal is finding opportunities that generate short term cash flow for earnings and
increasing shareholder value through strategic acquisitions." '
Start you DD here and see if the future ARET as well as the past ARET is a company you want to comment about - pro or con.
Currently, I own stock in this company and have for many months. Today's stock price closed at $.102 and ranged from $.102 - $.108 with volume at 1,731,500 shares for the day.