American Security Resources Corp. (ARSC)

[ragudad]

I have only held this stock for about a month or so but I was wondering did the spin-off take place?

The Board of Directors of American Security Resources Corp. (OTCBB:ARSC) has voted to spin off its wholly owned subsidiary, Hydra Fuel Cell Corporation (www.hydrafuelcell.com), in a special dividend to the shareholders.

The plan approved by the Board calls for a significant investment directly into Hydra before the spin-off. The spin-off will be submitted to the shareholders in a proxy which will describe the transaction and contain the ratio of Hydra shares to ARSC shares for the dividend. The company expects to have the details of the spin-off completed within 60 days. After the spin-off Hydra’s stock will trade independently