AmeriResource Technologies

[Justin]

*****NEWS OUT!!!!*****


AmeriResource Technologies, Inc. Announce Consulting Contract with Wasatch Business Investors Inc.
LAS VEGAS, Aug. 29 /PRNewswire/ -- Delmar A. Janovec, Chairman and CEO of AmeriResource Technologies, Inc. (``ARET'') announced today that ARET has entered into a contract with Wasatch Business Investors Inc. (WBI), a private investment banking firm, that specializes in the acquisition of small to medium size companies as well as providing the resources from private investors to enhance the capital financing requirements for the acquisitions.

Mr. Janovec further states, ``We are pleased to be working with Keith Warburton, President of Wasatch Business Investors Inc. and his fine organization. WBI has committed to providing ARET with acquisitions of small to medium size companies that will produce revenues exceeding $40 Million per year within the next 36 months. The Principals of WBI have a broad range of experience in commercial financing, investment banking and hands on experience in owning and operating successful businesses.''

Mr. Warburton stated, ``We are looking forward to working with Delmar Janovec and ARET to provide our expertise in the acquisition of companies as well as providing the structure for financing requirements. WBI will also be providing their expertise in the structuring of the necessary working capital, marketing, promotion and overall development strategy of the companies that are acquired. WBI will add a new dimension and will enhance the future of AmeriResource Technologies, Inc.''

Statements in this press release include forward-looking statements that include risk and uncertainties. The forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to variety of factors, products and/or services and other risks detailed form time to time in the Company's ability to produce and market certain products and/or services and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

L.G. Zangani, LLC provides financial public relations service to the Company. As such L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and or other services in the form of money, capital stock in the Company, warrants or options to purchase capital in the Company.