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ASFX - premarket trading on financing News -

American Scientific Resources Pursues Multi-Million Dollar Financing; Retains Ideal Management Corp.

Jun 17, 2008 7:29:00 AM

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WESTON, Fla., June 17 /PRNewswire-FirstCall/ -- American Scientific Resources (Pink Sheets: ASFX) (http://www.kidzmed.com) today announced that they have retained the services of Ideal Management Corp., (http://www.idealcorporatefunding.com) a prestigious corporate financing entity, to secure a multi-million dollar line of credit which would fund the purchasing of inventory and AR financing for the Company's subsidiary, Kidz-Med, (http://www.kidzmed.com) a leading provider of innovative health and safety devices for children.

Ideal Management is proposing that the flexible funding that is being sought by the Company will not only increase its credit ratings with suppliers, but it will also substantially allow potential large customers to feel comfortable and confident that ASFX can and will deliver on any and all contracts and purchase orders.