American Security Resources to Acquire Rights to Patented Fuel Cells
Hydrogen Fuel Cell Technology on Printed Circuit Boards Has Wide Application
Houston, TX (Business Wire) September 6, 2005 – American Security Resources Corporation (OTCBB: ARSC), announced today that it has signed a Letter of Intent to acquire an interest in EGO Design Inc., a privately-held company that holds patents for silicon-based, hydrogen fuel cells. With the acquisition, ARSC will gain the exclusive right to license and market the technology.
According to Joe Grace, President of ARSC, “This proprietary technology will be the first commercially mass producible hydrogen fuel cell. We are eager to begin developing the markets for the many commercial and military applications for this break-through technology.”
About EGO Design, Inc.
EGO Design is a privately held company founded by the developers of unique hydrogen fuel cells. The principals of EGO believe the 5KW to 40KW fixed power market they have targeted could generate sales of $1billion to the company within 8 years.
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 or national defense. The company is currently in discussions to acquire several companies.
For more information, please see: 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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