| Business Summary | | AmeriResource
Technologies,
Inc.
provided
diversified
engineering
services
throughout
the
United
States.
Although
the
Company's
operations
have
historically
consisted
of
providing
engineering
and
construction
services,
in
1996
the
Company
closed
and/or
sold
off
its
engineering
subsidiaries
due
to
continued
losses.
The
Company
did
not
obtain
any
construction
contracts
during
1999
or
2000,
which
it
believes
is
related
to
the
bankruptcy
of
its
wholly
owned
subsidiary,
Tomahawk
Construction
Company
(Tomahawk),
on
September
15,
1994.
Despite
Tomahawk's
emergence
from
bankruptcy
on
August
28,
1995,
the
Company
has
been
unable
to
obtain
the
necessary
bonding
capacity
to
obtain
construction
contracts.
As
a
result
of
Tomahawk's
lack
of
new
construction
contracts
in
1999
and
2000,
the
Company
is
currently
exploring
opportunities
to
combine
Tomahawk
with
another
company
through
a
merger
or
acquisition.
The
Company
is
now
searching
for
a
construction
company
that
is
interested
in
being
acquired. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AmeriResource
Technologies
provided
diversified
engineering
services
throughout
the
United
States.
The
Company
is
currently
exploring
strategic
opportunities.
For
the
six
months
ended
6/01,
Company
reported
no
revenues.
Net
income
totaled
$2.7
million,
up
from
$275
thousand.
Revenues
reflect
the
sale
of
First
American's
Mortgage
Corp.
Earnings
benefitted
from
a
$3.4
million
gain
on
extinguishment
of
the
TAHG
debentures. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Delmar Janovec, 51 Pres,
CEO, Director | $81K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|