American Security Resources Corp. (ARSC)

[krays]

From the most recent quarterly filing.-- The only comment that seems questionable is the one you just got from management.

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5990351

Our Hydra Fuel Cell subsidiary completed the initial development stage of the HydraStax® unit and testing for certification is currently underway. We believe that the HydraStax® unit's cost per kilowatt hour will be significantly below that of our competitors, giving us a competitive edge. Thus, upon certification we intend to aggressively market these units. We are actively pursuing financing to begin manufacturing and distribution.

Although we expect revenues from our HydraStax™ unit during 2008, we do not expect cash flows from distribution of the unit to be self-funding during 2008