American Security Resources Corp. (ARSC)

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Current Filing Status for ARSC to Bring Production Funding from St. George
HOUSTON--(BUSINESS WIRE)--American Security Resources Corporation (Pinksheets: ARSC) announced today that with the filing of its first quarter 10-Q it is current and completely compliant with SEC reporting requirements. “Current and compliant” status was the first requirement of its current funding agreement with St. George Fund. The Company has now reached agreement in principle with St. George on their next funding, to begin production at its Hydra Fuel Cell Corporation subsidiary.

“After we see how production is progressing we will open up our sales channels again”
Bob Farr, President and COO of ARSC, stated, “As soon as the paperwork is finished with St. George we expect to begin our initial production run to start delivering to our existing $21 million purchase order backlog.”

“After we see how production is progressing we will open up our sales channels again,” Farr concluded.

St. George Investments LLC

The St. George Investments LLC is a Chicago based investment company managed by John M. Fife, specializing in buyouts, late stage growth equity investments and PIPES. They strive to find and create circumstances that combine three factors that are critical to investment success. These are: great business opportunities, uncommon managerial talent, and financial capital.