"For the first half of 2007, revenues have increased to approximately $1,000,000 from approximately $315,000 in the first six months of 2006. The increase in revenues is attributed to the solid management and staff in each of our companies as well as the strong growth in the business models of BizAuctions, Inc. and AuctionWagon Inc. The Companies have not achieved net profits but have made significant progress in reducing the operating losses," noted Delmar Janovec, CEO of AmeriResource.

 

"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. The Company has worked diligently to bring in new commercial clients who recognize the Company's commitment and ability to provide a quality service for the client. BizAuctions consigns, buys inventory, and liquidates through eBay," continues Janovec.

 

"AuctionWagon is one of the leaders in the auction-consignment software management systems and operations. After opening one of the world's very first eBay drop-off stores, AuctionWagon's team of retail experts and former software developers from Microsoft and eBay developed a software platform, the Store Manager Pro [G2] that is revolutionizing the way merchandise is offered for sale to the world on eBay. AuctionWagon is both an eBay Certified Developer and eBay Trading Post that has the insider expertise and proven ability to lead the industry," concluded Janovec.

 

For additional information on BizAuctions, please visit their website at www.bizauctions.com and information for AuctionWagon can be found on their website at www.auctionwagon.com.