American Security Resources Officers Buy Stock.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 he, the CFO See Chief Financial Officer. and an independent Director have elected to purchase large blocks of ARSC stock. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Grace, "We have a tremendous amount of faith in the future of ARSC and believe this is an excellent time to acquire the company's stock." Grace went on to note that the company has initiated the audits required to complete its acquisition of Galaxy Microsystems, Inc. and is continuing its efforts to secure Letters of Intent with several other acquisition candidates. "We believe in our business model and are beginning to see the fruits of our efforts. It is our intent at ARSC to improve shareholder value. In consideration of this, we absolutely wanted to own more shares." Grace mentioned that the three of them had recently acquired over 1,000,000 additional shares. 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 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 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 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" 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion