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American Security Resources Names
Finance Veteran Robert Wilson
to Board of Directors
Houston, TX (Business Wire) July 26, 2005 – Joe Grace, President of American Security Resources Corporation (OTCBB: ARSC), announced today that Robert Wilson, a Forte Group partner, has joined the company’s Board of Directors, effective July 25, 2005. According to Grace, “ Robert brings more than 20 years of experience in industry, public accounting, and consulting to the Board. His hands-on and results-oriented approach to management, public accounting and advisory roles makes him the perfect addition to the ARSC team.”
Prior to joining Forte Group, Mr. Wilson was operations compliance manager of the AIM Management Group, Vice President Compliance/Internal Audit of the Kemper Securities Group and an auditor with Price Waterhouse.
Grace went on to note that Mr. Wilson is an executive with an exceptional entrepreneurial record of establishing strategy, leading teams and rapidly building profitable operations. Mr. Wilson has owned a certified public accounting firm for more than ten years. He is the Chief Financial Officer and Operations Principal for several broker dealers and investment banking firms where his duties include compliance with NASD, SEC and NYSE rules and regulations. He is also responsible for the design and implementation of accounting and operations control procedures, representing firms as a securities expert witness. Other duties include the hiring and supervision of financial and administrative staff, and negotiation and representation before independent and regulatory auditors.
Mr. Wilson is a graduate of the Houston Baptist University, with additional studies at Georgetown University. He is a Certified Public Accountant, member of the NASD Board of Arbitrators and has Securities Licenses as follows: Series 7 – General Securities Representative, Series 63 – Uniform State Securities Agent, Series 24 – General Securities Principal, Series 27 – Financial and Operations Principal and Series 53 – Municipal Securities Principal. He also serves on the Board of, and as Audit Chairman for, American Enterprise Development Corporation, Board Member of MidasTrade.com and a Consulting Associate with The Professional Directors Institute.
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.
SafeHarbor 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.
For more information contact:
Joe Grace, President
American Security Resources Corporation
713-465-1001
9601 Katy Freeway, Suite 220
Houston, Texas 77024
jgrace@amsrcorp.com
Pete Belcher, President
B&B Marketing Communications
713-774-0642
pete@bbmarcom.com
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