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Investor A.T. Merrill Joins Board of Directors of ARSC
Board Extends Warrant Expiration to December 2007
Houston, TX. (BusinessWire) September 21, 2006 – American Security Resources Corp. (OTCBB: ARSC) announced today that real estate investor Alvie T. Merrill of Lake Jackson, Texas, has joined its Board of Directors. Mr. Merrill is President of A.T. Merrill Business Consulting, a management consultant and investment banking firm. He is also Chairman of Merrill-Zurich Inc. a diversified real estate holding and consulting company.
Frank Neukomm, Chairman and CEO of ARSC, said “We welcome Alvie to the Board as an independent Director and look forward to drawing from his extensive experience as we develop the markets for our clean energy technologies.”
The Board also extended the expiration date to December 31, 2007 of the Company’s seven series of warrants that were placed in its 2004 Units offering. They previously were set to expire at the end of 2006. The exercise of the warrants will provide an additional $10,500,000 in equity to ARSC.
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 the results will meet or exceed such expectations.
For more information contact:
Frank Neukomm or Bob Farr
American Security Resources Corporation
713-465-1001
info@amsrcorp.com |