Press Release

AMRE Update: BizAuctions, Inc. Begins Trading - Stock Symbol "BZCN"

LAS VEGAS, NV--(MARKET WIRE)--Sep 29, 2006 -- AmeriResource Technologies, Inc. (OTC BB: AMRE.OB - News) announced that the shares of BizAuctions, Inc., have begun trading under the stock symbol BZCN.

BizAuctions is a subsidiary of Net2Auction, Inc., and Net2Auction is a subsidiary of AmeriResource Technologies.

BizAuctions is a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns for retailers, distributors, and manufacturers. A virtual tour of BizAuctions' facilities and flash video presentation can be viewed at http://www.bizauctions.com/tour.shtml.

The Company's clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay.

CEO Delmar Janovec explained, "Estimated to encompass a $60 billion market, excess inventories continually plague retailers and manufacturers with a tremendous financial burden. U.S. companies are troubled with $60 billion worth of excess inventory, in addition to the notion that they spend hundreds of millions of dollars in inventory carrying costs alone.

"Leveraging our highly-trained staff, we address this $60 billion problem by liquidating clients' excess inventory through eBay. We provide clients a new sales channel to generate additional revenue on excess inventory, while concurrently freeing up their valuable storage and retail space," Janovec concluded.

At $60 billion, BizAuctions is targeting an enormous market while helping companies solve one of their greatest problems. Currently offering services in select Southern California areas, BizAuctions plans to begin offering services nationwide in the near future.

BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative commission and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. We consign, we buy, and we liquidate through eBay!

BizAuctions' operations are designed for maximum capacity to handle most any eBay liquidation project. Whether the client is a Fortune 500 company with 1,000 items or a small business with 100 items, BizAuctions can take on most any project and recover funds from clients' excess inventory.

More information is available at www.BizAuctions.com. Investors and media can receive a free investor kit for BizAuctions, Inc. by contacting Investor Relations at investors@BizAuctions.com or (800) 961-3275. A virtual tour of BizAuctions' facilities and flash video presentation can be viewed at http://www.bizauctions.com/tour.shtml.

ABOUT BIZAUCTIONS - ADDRESSING THE $60 BILLION PROBLEM

BizAuctions, Inc. is a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their industries.

BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay, and collecting payment.

We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space.

With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory on eBay.

The information contained in this press release may include 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.

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Contact:

     Contact:
     AmeriResource Technologies Inc.
     Delmar Janovec
     (702) 214-4249
     Email: Email Contact
     http://www.ameriresourcetechnologies.com
      

Source: AmeriResource Technologies, Inc.

 

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