AmeriResource Technologies

[Justin]

AmeriResource Acquires Valley Steel, Inc.
LAS VEGAS, Nov. 14 /PRNewswire/ -- AmeriResource Technologies, Inc. (OTC Bulletin Board: ARET - news) is pleased to announce its acquisition of Valley Steel, Inc. from Wasatch Business Investors, Inc. Valley Steel Inc. will become a wholly owned subsidiary of AmeriResource. Valley Steel Inc., based in Decatur, Alabama was founded in 1960, specializing in the manufacturing and installation of steel related products for commercial and Fortune 500 Corporate markets.

Delmar Janovec, President & CEO of AmeriResources stated, ``We are very pleased to make this acquisition and look forward to working with Mr. Antonios and the Valley Steel, Inc. management team. Their reputation as well as the experience that has been earned and accumulated in these Forty Plus years will allow the Company to move ahead on its business plan and evolve into a more successful, dynamic company. Valley Steel will significantly increase the assets of AmeriResource and enhance shareholder value.''

Mr. Antonios, President of Valley Steel, Inc. added, ``We here at Valley Steel are extremely excited to become part of the ARET organization. The combined direction of ARET and the resources of WBI will prove to be an invaluable relationship. Operating within the business plan of ARET will stimulate growth in the existing markets and pave the way for expansion into new markets that will dramatically increase sales. Valley Steel's 41 years of experience in the construction and fabrication industry will play an important part in the development of ARET's business model''.

Mr. Warburton, President of Wasatch Business Investors stated, ``The successful purchase of Valley Steel plays an integral part of ARET's acquisition strategy. First, Valley Steel brings significant financial strength and positive assets to ARET. Second, we have been able to attract new investor interest that will allow us to complete the larger acquisitions that are currently in process''.

Shawn Hammond, Vice-President & Co-Founder of WBI remarked, ``The acquisition of Valley Steel will benefit each of our identified target industries. Valley Steel is vital to our overall strategy because of its ability to provide the essential services to all three of ARET's targeted industries; construction, hospitality, and auto racing. ARET's past construction background and Mr. Janovec's unique ability to win bids will expand Valley Steel into new markets.''

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, 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.

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]