Convertible Preferred Stocks: Acquiring Real Estate and Creating Wealth
American Security Resources Corp. to acquire income producing property
HOUSTON, TX / ACCESSWIRE / November 2, 2015 / American Security Resources Corp. ("ARSC") ("the Company") (PINKSHEETS: ARSC) has formulated a plan to acquire income producing property through the creation of a class of Convertible Preferred Stock.
"American Security Resources Corp. will begin placing an issue of convertible preferred shares to fund the acquisition of one or more income producing properties," states Frank Neukomm, CEO of ARSC. "The properties will in turn generate revenue for the Company and holders of the preferred."
Income from the investment properties will be tied to the Preferred Stock and paid out as dividends. The price for each share of the preferred stock has been set at $5.00 (US). The location for the first properties will be released in the coming weeks, as negotiations ensue.
"We are looking at a variety of locales and situations that have strong investment potential," says Frank. "We've narrowed the field and are closing in on our first targets. We expect things to happen very quickly. Look for more information in the coming weeks; a deal could be done as early as the end of this November."
"We expect the addition of a portfolio of income producing properties to be an important part in our current strategy of acquiring assets and building wealth for our shareholders."
About American Security Resources Corporation
American Security Resources (PINKSHEETS: ARSC) is a holding company whose subsidiary, American Hydrogen Corp., is seeking new technologies to economically refine and purify hydrogen for the commercial market. ARSC also owns preferred stock that gives it effective ownership of 50.1% of the common stock of Hydrogen Future Corp. (OTCQB: HFCO) from the sale of Hydra Fuel Cell Corp. in April 2014.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information please contact:
Frank Neukomm, CEO
Or
Bob Farr, COO
713-465-1001
info@amsrcorp.com
SOURCE: American Security Resources Corp.
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