Patent Attorneys Approve ARSC Fuel Cell Acquisition
The Owners’ Group Inc. Picks Up Coverage of ARSC
Houston, TX. (BusinessWire) October 13, 2005 – American Security Resources Corp. (OTCBB: ARSC) announced today that its patent and trademark counsel, Ms. Wendy Buskop, of the Buskop Law Group (www.buskoplaw.com), after reviewing the patent claims of EGO Design, had recommended that ARSC complete its contemplated fuel cell technology transaction with the privately held firm.
ARSC has created a wholly owned subsidiary, Hydra Fuel Cell Corporation, to develop, manufacture and license the exclusive rights to the Hydra hydrogen fuel cell which it is acquiring from EGO Design. ARSC expects to close the transaction this month.
In other news, Joe Grace, President of ARSC, announced that The Owners’ Group Inc. has picked up coverage of ARSC after a thorough due diligence review. The Owners’ Group Inc. (www.theownersgroupinc.com) is a shareholders’ advocacy group which selects companies that meet its standards for “Honesty, Integrity and Transparency” and helps them achieve their development goals with PR to existing and potential shareholders. “We’re happy to be on the same team,” said Grace.
About American Security Resources Corporation
American Security Resources Corporation is a holding company actively seeking to acquire companies which have products or services for homeland defense and national security. The company is in active 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 the results will meet or exceed such expectations.
For more information contact:
Joe Grace, President
American Security Resources Corporation
713-465-1001
jgrace@amsrcorp.com
Pete Belcher, President
B&B Marketing Communications
713-774-0642
pete@bbmarcom.com
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