Bob Farr, President of American Security Resources Corporation (OTCBB:ARSC), announced today, “As a result of actions taken by our Board of Directors and ratified by our shareholders at our recent annual meeting, Golden Gate Investors has acknowledged that the incidents of technical default have been cured and they have resumed funding under the existing funding agreements.”
American Security Resources Corporation
ARSC is a holding company actively seeking to acquire companies and technologies that will advance the development of clean energy. ARSC, through its Hydra subsidiary, is developing high volume, mass producible hydrogen fuel cells. Its American Hydrogen subsidiary holds an exclusive worldwide license granted by Ohio University (www.ohio.edu) to commercialize an ammonia-to-hydrogen technology developed by Dr. Gerardine Botte of the Russ College of Engineering at Ohio University. 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.
American Security Resources Corporation
Frank Neukomm or Bob Farr,
713-465-1001
info@amsrcorp.com