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ARSC Opens Discussions with Solar Power Company
Houston, TX (BusinessWire) June 13, 2006 – American Security Resources Corporation (OTCBB: ARSC) announced today that it has entered into negotiations to acquire a photovoltaic company which owns significant intellectual property and produces photovoltaic products for the alternative energy industry.
"This Company brings current revenue and cash flow. The Company is profitable with a top flight customer base," stated Bob Farr, President of ARSC. "Combined with our other alternative energy product, the HydraStax™ hydrogen fuel cell, this provides a compelling alternative to traditional commercial power options which are heavily dependent by fossil fuels," Mr. Farr added. He cautioned that, "there is still work to be done to complete this transaction, but we believe it will push ARSC into the first rank of alternative energy technology companies once the deal is completed."
For more information, please see: www.americansecurityresources.com
Safe Harbor Statement
This news release contains certain "forward looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
For more information, please contact:
Frank Neukomm or Bob Farr
American Security Resources Corporation
713-465-1001
info@amsrcorp.com |