AmeriResource Technologies

[Justin]

AmeriResource Technologies, Inc. Announces Acquisition Plans
LAS VEGAS, Oct. 25 /PRNewswire/ -- AmeriResource Technologies, Inc. (OTC Bulletin Board: ARET - news) today announced that per its consulting arrangement with Wasatch Business Investors, Inc., it is focusing on three different industries for the acquisition of small to medium size companies. The industries are in the Automotive Racing industry, the Manufacturing of Construction related products and the Hospitality industry.

Mr. Janovec, President & CEO states, ``The diversification into these industries will afford the Company the ability to generate revenues in different market segments which do not depend on the performance of the other industries. This diversification will allow the Company the ability to bridge a downturn in the economy both on the local and national level. Since we have already closed on our first acquisition (Jim Butler Performance) from Wasatch Business Investors, we have begun to look at the manufacturing sector.''

Mr. Keith Warburton, president of Wasatch Business Investors stated, ``We are enthusiastic that ARET has chosen to diversify into these different market segments and redefine the Company's growth strategy. Our market analysis, determined that each of these industries holds excellent potential for growth and will provide ARET with assets and revenues. We have identified target companies in each of these industries and have begun the due diligence process for the specific companies. As the asset base of ARET grows and the Company achieves financial strength, larger companies will be considered as additional acquisitions. We are committed to helping ARET achieve its growth objectives according to its business plan and we are equally committed to providing the resources for the acquisition of these profitable companies.''

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.

EQUITILINK, LLC provides financial public relations service to the Company. As such, EQUITILINK, LLC and/or its officers, agents and employees, receive 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.

For further information, please contact Ron Garner of EQUITILINK, [phone], [e-mail], for AmeriResource Technologies, Inc.; or Barry Denslow of AmeriResource Technologies, Inc., [phone], [e-mail].

SOURCE: AmeriResource Technologies, Inc.