Business Description AmeriResource Technologies, Inc. has historically been involved in providing engineering and construction services through its wholly owned subsidiaries. However, in 1996 the Company closed and/or sold all of its engineering subsidiaries due to continued losses and has obtained no construction contracts during 1999. The Company has been unable to obtain any construction contracts as a result of placing Tomahawk Construction Company into Chapter 11 Bankruptcy on September 15, 1994. Despite Tomahawk's emergence from bankruptcy on August 28, 1995, the Company has been unable to obtain the necessary bonding capacity to obtain construction contracts. As a result of Tomahawk's lack of new construction contracts in 1999, the Company is currently exploring opportunities to combine Tomahawk with another company through a merger or acquisition. The Company is now searching for a construction company that is interested in being acquired.
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