ARSC Receives Second Tranche of Production Funding from St. George
17 Août 2010 - 4:15PM
Business Wire
American Security Resources Corporation (Pinksheets: ARSC)
announced today that St. George Fund has sent the second tranche of
funding for initial fuel cell production at its Hydra Fuel Cell
Corporation subsidiary.
Bob Farr, President and COO of ARSC, stated, “The St. George
funding has kicked off our initial production run. We are preparing
a 5kW and a smaller unit as our starting units while our staff is
working on a 30kW design which has been requested by some of our
original customers who sent us Purchase Orders.”
St. George Investments LLC
The St. George Investments LLC is a Chicago based investment
company managed by John M. Fife, specializing in buyouts, late
stage growth equity investments and PIPES. They strive to find and
create circumstances that combine three factors that are critical
to investment success. These are: great business opportunities,
uncommon managerial talent, and financial capital.
American Security Resources Corporation
ARSC is a holding company developing technologies that will
advance the development of alternative energies. ARSC, through its
Hydra Fuel Cell 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.
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