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news ARES AmeriResource to Acquire 98% of EagleRider's Largest Franchise, the Number 1 Company for Renting Harley-Davidson Motorcycles
Tuesday September 30, 5:00 am ET


LAS VEGAS, NV--(MARKET WIRE)--Sep 30, 2003 -- AmeriResource Technologies Inc. (OTC BB: ARES) and two privately owned companies announced the signing of an agreement that authorizes AmeriResource to purchase the remaining 58% equity in 449 Corporation and 60% of WDHQ Corporation, which are franchises of EagleRider. This announcement follows by two weeks the Company's announcement of its intention to purchase 40% equity positions in 449 Corporation and WDHQ Corporation. Upon completion of this acquisition process, the acquired businesses will become, respectively, 98%-owned and 100%-owned subsidiaries of AmeriResource Technologies Inc.



According to AmeriResource Technologies Inc.'s President, Delmar Janovec, "We are pleased to become owners of EagleRider franchises in San Diego CA, Palm Springs CA, St. Louis MO, and Miami FL. EagleRider is an innovative and effective organization that has built a solid reputation for marketing and renting Harley-Davidson motorcycles and offering tours. EagleRider also offers Adventure Rentals of dirt bikes, all-terrain vehicles (ATVs), personal watercraft, and snowmobiles. EagleRider pioneered the motorcycle rental and touring industry as we know it today, a worldwide network for renting Harley-Davidson motorcycles."

"By the end of this year, we anticipate implementing all the first phase and a significant part of the second phase of this two-phase acquisition. When the acquisition is completed, the combined operations of these new acquisitions with our current operations should effectively double our total revenues on an annual basis. This acquisition is a major milestone in our plan to become profitable on a consistent base from operations during 2004."

Don Swedo, the President of both private companies explains: "For the last five years we've grown our EagleRider rental businesses, where today we reign as EagleRider, Inc.'s largest franchisee. We are looking forward to working with AmeriResource to assist in the expansion of our businesses that will take us to the next level of success. The recreational rental market and motorcycle tourism is growing, especially in light of Harley-Davidson's 100th Anniversary this year. I will continue to serve as President of both companies, with AmeriResource assisting to facilitate our continuing business growth. For more information on our franchise locations, as well as EagleRider Inc., go to www.eaglerider.com."

About EagleRider, Inc. ("EagleRider") www.eaglerider.com/company_summary.html explains: "Founded in July 1992, EagleRider is the world's largest motorcycle rental and tour company that has defined a unique, high-growth niche market for itself: Marketing the "American Dream" to destination-minded vacationers, businessmen and motorcyclists. EagleRider provides a full-service Harley-Davidson Motorcycle rental and tour resource that caters to international and domestic motorcycle enthusiasts and aficionados. Over 100,000 EagleRider customers have enjoyed the ultimate vacation adventure by touring the United States, Europe and Mexico on the "Rolls Royce" of the motorcycle world, the prestigious Harley-Davidson. EagleRider, Inc. has already built a fleet of well over 1,500 Harley-Davidson motorcycles out of its 30 worldwide rental facilities. In addition, EagleRider is the single largest purchaser of new model motorcycles from Harley-Davidson Motor Company. EagleRider offers the complete Harley-Davidson model line through a global marketing network of tour operators, travel agents, airlines and travel wholesalers." For more information about EagleRider and/or about renting a Harley-Davidson, see www.eaglerider.com.

About 449 Corporation and WDHQ Corporation: 449 Corporation and WDHQ Corporation are affiliate companies in the rental business, with Don Swedo serving as the President of both Corporations. 449 Corporation owns and operates EagleRider franchises in San Diego and Palm Springs, CA. WDHQ Corporation owns and operates EagleRider franchises in St. Louis, Mo. and Miami, Florida. The two corporations together represent the largest EagleRider franchisee, and EagleRider is the #1 Company in the world for the rental of Harley-Davidson motorcycles.

About AmeriResource Technologies Inc. ("AmeriResource"): AmeriResource is a publicly trading company (OTC BB: ARES) that operates two wholly owned subsidiaries: Jim Butler Performance (JBP) and West Texas Real Estate and Resources, Inc. (WTRER). JBP is in the business of manufacturing and selling high-performance specialty engines and parts for the automobile racing industry. For more information, see www.jbp-pontiac.com. WTRER holds oil, gas, and mineral leases on land in Pecos County, Texas. AmeriResource is currently in discussions with qualified merger-acquisition candidates in the areas of Homeland Security, Energy, and Travel & Entertainment, as well as special projects in other areas of interest. For more information, see www.ameriresourcetechnologies.com.

The information contained in this press release includes 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. The Company will provide you with copies of this information upon request.



Contact:
AmeriResource Technologies Inc.
Delmar Janovec at [phone]
[e-mail]
http://www.ameriresourcetechnologies.com
Investor Relations
Sussex Avenue Partners
Lisa at [phone]
Toll-free: [phone]
Email: [e-mail]


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Source: AmeriResource Technologies, Inc.

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