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Westor Capital Group to Place $1,000,000 in Notes for Hydra Production
Houston, TX (BusinessWire) April 26, 2010 – American Security Resources Corporation (Pinksheets: ARSC) announced today that it has appointed New York based Westor Capital Group as Placement Agent to place a series of up to $1,000,000 in Senior Secured Notes with the proceeds to be used to start production at the Company’s Hydra Fuel Cell subsidiary.
Bob Farr, President and COO of ARSC, stated “Westor has already started to work on placing the Notes and Hydra is ready to ramp production when the first dollars arrive.”
Westor Capital Group Inc.
Westor Capital Group’s mission is to assist emerging growth companies and investors who follow them achieve success. Westor structures and arranges equity and debt financings for public companies, provides equity trading and execution for institutional and private clients, and offers comprehensive retail brokerage services.
Westor’s seasoned professionals possess extensive experience in structuring and executing public and private transactions. Westor Capital has established a large and diverse network of funding sources by providing attractive and timely investment opportunities for its clients.
For more information, please see: www.westorcapital.com
American Security Resources Corporation
ARSC is a holding company of clean energy technologies. ARSC, through its Hydra subsidiary, has developed high volume, mass producible hydrogen fuel cells. Its American Hydrogen Corp. subsidiary is developing methods to inexpensively formulate hydrogen.
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.
For more information, please contact:
Frank Neukomm or Bob Farr
American Security Resources Corporation
713-465-1001
info@amsrcorp.com
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