Exhibit 10.14

                                 PROMISSORY NOTE

$300,000.00                                                       LEXINGTON, KY.

                                   SECTION ONE
                                  TERMS OF NOTE

FOR  VALUE  RECEIVED,  this  31st  day of  July,  2003,  Equity  Technologies  &
Resources,  Inc., a Delaware corporation  ("Company") and Verified  Prescription
Safeguards, Inc., a Florida corporation (Company) with their principal places of
business at 325 West Main Street, Suite 214, Lexington, KY. 40507 promise to pay
to the order of FV Investments,  LLC  (hereinafter  "HOLDER") with its principal
place of  business  at 200 West  Vine  Street,  Lexington,  Kentucky  40507  the
principal sum of Three Hundred Thousand ($300,000) Dollars with interest thereon
at the rate of twelve (12%) percent per annum, commencing the 1st day of August,
2003, due and payable within  twenty-four  (24) months from the date hereof.  In
the event this Note remains unpaid after two (2) yeas from the date hereof,  the
principal  sum shall be due on demand,  with  interest  thereon at an additional
interest  rate of five (5%)  prevent  per annum  until  paid.  It is within  the
discretion of the Holder to extend the date of payment,  redemption, or exchange
thereof.

                                   SECTION TWO
                        SECURITY FOR AND PAYMENT OF NOTE

     This Note shall be secured, at all times as there is an outstanding balance
owed on this  Note  with  sufficient  shares  of Class A Common  Stock in Equity
Technologies & Resources,  inc., shares of Common Stock in Verified Prescription
Safeguards,  Inc., member interest in VPS Holding, LLC, and share in VPS Systems
UK, Ltd. As may be determined from time to time by the parties hereto. This Note
may be pre-paid, in full or in part without penalty.

                                  SECTION THREE
                      EFFECT OF WAIVER OR RIGHTS BY HOLDER

     HOLDER is not under any obligation to exercise any of its rights under this
note,  and  failure  to  exercise  its  rights  under  this  note or to delay in
exercising  any of its  rights  shall not be deemed a waiver of or in any manner
impair any of the rights of HOLDER.



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                                  SECTION FOUR
                         CUMULATIVE RIGHTS AND REMEDIES

     The rights and remedies of HOLDER specified in this note are cumulative and
do not exclude any other rights or remedies it may otherwise have.

                                  SECTION FIVE
                      ACCELERATION ON INSOLVENCY OF COMPANY

     If Company shall be adjudged bankrupt, or file a petition of bankruptcy, or
have a petition in  bankruptcy  filed against it, this note shall become due and
payable immediately without demand or notice.

                                   SECTION SIX
             WAIVER OF PRESENTMENT, PROTEST, AND NOTICE OF DISHONOR

     Company hereby waives all acts on the part of HOLDER required in fixing the
liability of the party, including among other things presentment, demand, notice
of dishonor,  protest,  notice of protest,  notice of nonpayment,  and any other
notice.

                                  SECTION SEVEN
                                 CHOICE OF LAWS

     This  note  shall be  governed  by and  construed  in  accordance  with the
internal  laws (as opposed to  conflict  of laws) of  Kentucky in all  respects,
including matters of construction, validity, and performance.

                                  SECTION EIGHT
                               COSTS OF COLLECTION

     Company  shall  pay on  demand  all costs of  collection,  including  legal
expenses  and  attorney  fees,  incurred  by  HOLDER in  enforcing  this note on
default.

                                  SECTION NINE
                                    GUARANTEE

     This Note and the  payment  of  principal  and  interest  thereon is hereby
unconditionally  guaranteed by Frank G. Dickey, Jr. unless released,  in writing
by the HOLDER thereof.

Dated: July 31, 2003
                                      EQUITY TECHNOLOGIES & RESOURCES, INC.


                                              By /s/ JAMES K. MILLARD
                                             -------------------------------
                                            JAMES KEMPER MILLARD, PRESIDENT



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