American Security Resources Corp. (ARSC)

[_mmech]

THERE IS NO PLANT IN MEGIS COUNTY OHIO.
One of the problems with posting 2-3 year old information is that things change-

read the 2008 10K dated 3/5/10 (filed a year late BTW) and learn:

http://www.otcbb.com/asp/Info_Center.asp

FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2008

Commission file number 000-27419
AMERICAN SECURITY RESOURCES CORPORATION

NOTE 13 –
On January 7, 2008, the Company entered into a lease/purchase agreement with Meigs County Community Improvement Corporation of Pomeroy, Ohio on a 10,000 square foot building and approximately 3 acres of property in Tuppers Plains, Ohio. The Company shall commence monthly payments of $7,049.89 on February 1, 2009 for the fifteen-year term of the lease. The Company shall have an option to purchase the building and property during the term of the lease for a sum of $800,000 less the amount of principal that has been paid to date of closing based on a 6% interest rate. During the fourth quarter of 2008, we determined that this lease did not suite our operating needs and negotiated a complete cancellation of the agreement effective in February 2009. Both parties agreed no money or liability is due by us or the lessor. Consequently, we wrote off the capitalized asset and corresponding lease obligation during 2008.

Another news item- Bush is no longer in the White House and the USA is out of Iraq