Wednesday, September 01, 2010 12:27:49 AM
I really hope we can get this stock to rise. In response to a post I read earlier about expected revenue.
Found this:
American Security Resources Forms Fuel Cell Holding Company
2005-09-13 11:51 ET - News Release
HOUSTON -- (Business Wire) -- Sept. 13, 2005
American Security Resources Corporation (OTCBB:ARSC)
has launched Hydra Fuel Cell Corporation (Hydra), a Nevada
corporation, to function as the holding company for ARSC's fuel cell
operations. According to Joe Grace, President of ARSC, "Once we
complete our audit and acquisition of our interest in EGO Design Inc.,
we want to be prepared to quickly take advantage of the many
commercial and military applications for this self-contained modular
energy source."
American Security Resources recently signed a Letter of Intent to
acquire 49% of EGO Design which has developed proprietary,
silicon-based, printed circuit board sized, hydrogen fuel cell
technology, for which ARSC will have the exclusive licensing and
marketing rights. The principals of EGO Design believe the 5KW to 40KW
fixed power market niche could generate sales of $1 billion annually
to the company within 8 years.
About American Security Resources Corporation
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