AmeriResource Technologies, Inc. and NevStar Gaming & Entertainment Corp. Announce Financing Contract with CNB Capital, Inc.Business Editors LAS VEGAS--(BUSINESS WIRE)--Aug. 10, 2000 Delmar A. Janovec, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AmeriResource Technologies, Inc. (ARET A`ret´ v. t. 1. To reckon; to ascribe; to impute. ) and Michael Signorelli, Chairman & CEO of NevStar Gaming & Entertainment Corp. formally a small cap (NVST) announced today that they have entered into a contract with CNB CNB Czech National Bank CNB Centro Nacional de Biotecnologia CNB City National Bank CNB Citizens National Bank CNB Croatian National Bank CNB Chloronitrobenzene CNB Corresponsales No Bancarios (Spanish, Colombia) Capital, Inc. CNB Capital Inc. is a private investment Banking firm that specializes in the underwriting of insurance/bond guarantees, equity /debt financing for the Hospitality/Hotel and Entertainment Industry to include acquisitions and mergers. CNB Capital Inc. has extensive experience in raising capital in the $10 to $100 MILLION DOLLAR range and will serve as the ancillary financial advisor and investment banker Investment Banker A person representing a financial institution that is in the business of raising capital for corporations and municipalities. Notes: An investment banker may not accept deposits or make commercial loans. to NevStar Gaming and Entertainment, Inc./ AmeriResource Technologies, Inc. Mr. Janovec and Mr. Signorelli further stated, "We are very pleased to be working with Mr. John Halle President of CNB Capital, Inc. and his outstanding organization. CNB Capital has committed to a $15 MILLION DOLLAR equity and debt finance structure and will assist us in the planning of the different stages of financing, subject to their usual due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. requirements. Their expertise will be utilized, but not limited to, structuring of working capital, marketing and promotion, acquisition and production financing. CNB Capital, Inc. has a broad range of experience in the Hospitality/Hotel and Entertainment Industry world wide and will complement the existing team. They currently have offices in Manchester, Providence, New York Providence is a town in Saratoga County, New York, United States. The population was 1,841 at the 2000 census. The Town of Providence is on the county's western border and is west of Saratoga Springs, New York. and Irvine, California." www.cnbcapital.com Statements in this press release, include forward-looking statements that include risk and uncertainties. The forward-looking statements in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially due to a variety of factors, products and/or services and other risks detailed from time to time in the Company's ability to produce and market certain products and/or services and other risks detailed from time to time in the Company's reports filed with the Securities and Exchange Commission. |
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