AmeriResource Technologies Inc (AMRE.OB)

AmeriResource Technologies, Inc., through its subsidiaries, operates online auction drop-off locations that enables online sale of goods on eBay. As of March 31, 2007, the company operated 8 drop-off locations, as well as 25 affiliate locations. It also develops self-serve/checkout systems that enable customers of fast-food and take-out restaurants to place their food and beverage orders and pay with cash or a credit/debit card; and provides software design and product development for commercial business users doing business on eBay The company also provides eBay liquidation services for excess inventory, overstock items, and merchandise that has been returned to the retailer; and conducts sales on eBay for the customers. In addition, it provides voice over Internet protocol (IP) communications solutions and IP communications devices. The company was incorporated in 1989 and is based in Las Vegas, Nevada.

For the nine months ended 30 September 2006, AmeriResource Technologies, Inc.'s revenues totaled $576K, up from $58K. Net loss decreased 2% to $1.4M. Revenues reflect an increase in net service income. Lower loss was partially offset by an increase in consulting & salary exepense, increase in legal & professional charges, higher general & administrative expense and the presence of depreciation & amortization costs.