American Security Resources Corp. (ARSC)

[tinker13]

SO....we are getting very close to the 90 day mark

Date : 01/22/2010 @ 9:52AM
Source : Business Wire
Stock : American Security Resources Corporation (ARSC)
Quote : 0.0002 0.0 (0.00%) @ 2:05AM
ARSC Receives First Tranche from St. George, Appoints New Auditors
American Security Resources Corporation (Pinksheets: ARSC) announced today that it has received the first tranche of funding from the St. George Fund under their new funding agreement. The funding agreement requires ARSC to bring its SEC filings current and in compliance with SEC rules and regulations within 90 days. Once ARSC is in regulatory compliance, it will apply to have its shares re-listed on the OTCBB.

Once that happens:
Bob Farr, President and COO of ARSC, stated, “After our filings are current St. George is prepared to step up their funding levels to help us achieve our production goals. We met with the accountants this week and believe that we can have 2008 filed by the first part of March and 2009 filed on time in April.” Farr continued, “We expect to start commercial fuel cell production as soon as our JV with Comentum is funded which they tell us is very soon. The JV will fund against our existing $21 million purchase order backlog.”

I know...I know...we have some naysayers on the board...In my opinion this is the make it or break it month for us..If it doesn't happen this month...It probably isn't going to! I can wait the next couple of weeks out...we could see some things turn around here!!! If they release updated financials and we get re-listed it's game on!!!!