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Re: aries4747 post# 51

Sunday, 04/17/2005 11:03:08 AM

Sunday, April 17, 2005 11:03:08 AM

Post# of 81
AMRE update: OS 39,412,810 on 4/14.
They issued an S-8 for 15 million shares on 12/21/2004, when the OS was a little less than 25,000,000. This was days after a 1 for 100 reverse split.

AMRE filed their 10KSB after market close on 4/15/2005.

http://www.sec.gov/Archives/edgar/data/876490/000122325705000028/0001223257-05-000028-index.htm

Results of operations
Revenues for the fiscal year ended December 31, 2004 increased to
$101,912 from $62,000 in revenues for 2003. The operating loss increased to
$670,422 as compared to $637,062 in 2003 as a result in an increase of Legal and
Professional expenses from $84,660 for the year ended December 2003, to 94,136
for 2004 and an increase in consulting expenses from $367,497 for the year end
December 31, 2003 to $511,439 in 2004.

RBSY (Roboserver), their subsidiary, began trading at $.50 in late December. It topped out at about $2.35 in the middle of February and now sits at about $1.00.

Net2Auction, another subsidiary, hasn't traded but is listed as NAUC and they have ramped up the website in the last couple of months.
http://www.net2auction.com/

AMRE's last Press Release, issued March 23, describes the ongoing relationship with EagleRider, the Harley-Davidson motorcycle rental service in Cancun.
http://biz.yahoo.com/iw/050323/083227.html




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