American Security Resources Enters Discussions to Acquire Proprietary Hydrogen Fuel Cell Technology Company.HOUSTON -- Joe Grace, President of American Security Resources Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ARSC ARSC Arctic Region Supercomputing Center ARSC Association for Recorded Sound Collections ARSC Accounting and Review Services Committee ARSC Aircraft Repair and Supply Center (USCG) ARSC Arizona Remote Sensing Center ), announced today that ARSC has initiated discussions to acquire a company with patents pending for hydrogen fuel cells which can be used as energy sources for everything from power supplies on circuit boards to larger arrays for homes, hospitals, schools and office buildings. The fuel cells have wide application for emergency preparedness pre·par·ed·ness n. The state of being prepared, especially military readiness for combat. Noun 1. preparedness - the state of having been made ready or prepared for use or action (especially military action); "putting them and homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , as well as military field operations that require self-contained modular energy sources. ARSC expects the discussions to lead to a Letter of Intent in the current quarter. About American Security Resources Corporation American Security Resources Corp. is a holding company actively seeking to acquire profitable, well-managed companies that provide products or services for homeland security and national defense. The company has identified several potential targets and is currently negotiating acquisitions with five different companies that fit the profile. Combined, the target companies have the potential of generating in excess of $30 million in revenues for 2005. For more information, please visit our website at: www.americansecurityresources.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release contains certain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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 results will meet or exceed such expectations. |
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