Aug 12, 2004 12:15 PM, from staff and wire reports

AmeriResource Technologies Inc has entered into a letter of intent with Raptor Investments Inc toward acquiring J&B Wholesale Produce Inc.

Raptor was retained by AmeriResource recently to help market its point-of-sales software and self-serve applications through its subsidiary, Self-Serve Technologies Inc. Raptor will search and identify acquisition candidates in the food industry for AmeriResource and help structure and simplify the completion of identified acquisition targets.

J&B Wholesale Produce is a subsidiary of Pompano Beach FL-based Raptor.