AmeriResource Technologies, Inc. and NevStar Gaming & Entertainment Corporation Announces Funding Commitment for Mesquite Star Hotel and Casino.Business Editors LAS VEGAS--(BUSINESS WIRE)--Sept. 12, 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 Dr. Michael J. Signorelli, Chairman & CEO of NevStar Gaming & Entertainment Corporation formally an NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on traded stock (NVST) announced today that funding, in the form of a sale/leaseback transaction in an amount of $15 million, for the Mesquite Star Hotel and Casino has been secured through an investor arranged by LANDBASE International, Inc. of San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. (see Press Release Dated August 7, 2000) Dr. Michael J. Signorelli further states: "The investor being provided by LANDBASE International, Inc. will provide the funds necessary for the reorganization of NevStar and recommence Re`com`mence´ v. i. 1. To commence or begin again. 2. To begin anew to be; to act again as. He seems desirous enough of recommencing courtier. - Johnson. v. t. 1. To commence again or anew. operations of the Mesquite Star Hotel and Casino. As part of the overall financing package we are working with the investor to provide for the 210 hotel room expansion, the renovation/expansion of the two existing restaurants, the addition of 6,000 square foot convention/exhibition area and various speciality retail space." This relationship with LANDBASE International, Inc. and their investor will allow for not only the reopening and expansion of the Mesquite Star Hotel and Casino as well as other opportunities that meet the specific goals of NevStar. 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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