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Building Products Dealer Purchase Order Increases HydraStax® Systems Backlog to $2.5 Million
Beaverton, Oregon, January 16, 2008 (BusinessWire) – Hydra Fuel Cell Corporation (www.hydrafuelcell.com ), a wholly owned subsidiary of American Security Resources Corporation (OTCBB: ARSC), announced today that it has received a purchase order for HydraStax® 5000 fuel cell systems from Wolf & Bear Distributors (www.wandbd.com ), a Fort Lauderdale, Florida dealer for Hydra’s distributor, Conexa.
Jim Twedt, President and CEO of Hydra, stated, “We now have PO’s for nearly $2.5 million of fuel cells to be shipped by the end of the second quarter. Conexa has established a very active dealer network and we are enjoying the results of their efforts.”
American Security Resources Corporation
ARSC is a holding company actively seeking to acquire clean energy companies and technologies. Its Hydra Fuel Cell Corp. subsidiary is developing high volume, mass producible hydrogen fuel cells. Its American Hydrogen Corp. subsidiary is developing a method to inexpensively formulate hydrogen from ammonia. 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:
Jim Twedt
Hydra Fuel Cell Corporation
503-645-2523
info@hydrafuelcell.com
Frank Neukomm or Bob Farr
American Security Resources Corporation
713-465-1001
info@amsrcorp.com
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