SmallCap Trading Techniques

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ASFX CHART 0.0023

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Share Structure
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AMERICAN SCIENTIFIC RESOURCES INC CIK#: 0001114605 SEC (see all company filings)

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12/28/2011 (08:16ET) ASFX: Filed New Form 8-K, Material Event Disclosure - Edgar

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 27, 2011

AMERICAN SCIENTIFIC RESOURCES, INCORPORATED
(Exact name of registrant as specified in its charter)

Nevada

11919661

14-1820954
(State or other jurisdiction

(Commission File Number)

(IRS Employer
of incorporation)

Identification No.)

125 NW 11th Street
Boca Raton, FL 33432
(Address of principal executive offices)

[phone]
Registrant’s telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


1



Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Resignation of Chief Executive Officer

On December 27, 2011, Dr. Christopher Tirotta resigned from his position as the Chief Executive Officer of American Scientific Resources, Incorporated, a Nevada corporation (the “Company”). His resignation was not the result of any disagreements with the Company on any matters relating to the Company’s operations, policies or practices. Dr. Tirotta will remain in his position as the Executive Chairman of the Company’s Board of Directors.

Appointment of Chief Executive Officer

On December 27, 2011, Robert T. Faber was appointed as the Company’s Chief Executive Officer. Mr. Faber is also a member of the Company’s Board of Directors. A discussion of Mr. Faber’s relevant business experience is below.

Robert T. Faber, age 52, Chief Executive Officer, Director

Robert T. Faber is the Company’s Chief Executive Officer and is also a member of the Company’s Board of Directors. Mr. Faber has 20 years of experience in diverse financial management, business and acquisitions. Since 2003, Mr. Faber has held various positions at Comstock Mining, Inc. (“Comstock”), a publicly traded precious metals company, including President, Chief Executive Officer and Chief Financial Officer. At Comstock, Mr. Faber has several responsibilities, including managing Comstock’s reporting and disclosure obligations to the U.S. Securities and Exchange Commission, as well as securing financing for operations and management functions. Prior to joining Comstock, Mr. Faber served as the Vice President of United Site Services, Inc., a privately held consolidator in the waste services industry (“United Site”), from 2002 to 2003. At United Site, Mr. Faber was responsible for strengthening the organizational structure of the company, cash management and directing the company’s acquisition and integration process. Additionally, Mr. Faber served as an executive with Allied Waste Industries overseeing a $1.2 billion, multi-state area. Prior to Allied Waste Industries, Mr. Faber spent 17 years with Waste Management, Inc., a publicly traded environmental services company, during which time he served in senior positions both internationally and domestically. Faber’s positions included Director of Finance of Waste Management’s $1.4 billion multi-country international operations based in London, England and Vice President and Controller for several $100 million plus multi-state market areas. Mr. Faber is also currently a director of Mustang Alliances, Inc., a natural resource company engaged in the exploration of mineral properties. He has served in such role since July 2011. Mr. Faber graduated from St. Johns University with a B.S. in Accounting in 1982.

Family Relationships

Mr. Faber does not have a family relationship with any of the current officers or directors of the Company.

Related Party Transactions

There are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K.

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

American Scientific Resources, Incorporated


Date: December 28, 2011

By:
/s/ Robert T. Faber


Name: Robert T. Faber


Title: Chief Executive Officer

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American Scientific Resources Announces Additional Reorder of VeraTemp Thermometer from Major Canadian Distributor.

Tuesday , November 08, 2011 11:05ET

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BOCA RATON, Fla.--(BUSINESS WIRE)-- American Scientific Resources, Inc. ("American Scientific Resources")(OTCBB: ASFX) today announced that, in addition to the recent major Shoppers Drug Mart Private Label Veratemp order, it has received its second and third follow on purchase orders from Associated National Brokerage, Inc. (ANB Canada), a major distributor of health and beauty products to chain drug stores throughout Canada.

The initial order, for 1,500 VeraTemp Non-Contact Thermometers, was shipped August 2011 and is expected to be in place in a variety of well known drug chains throughout Canada in time for the cough and cold season. This second order of 400 units is scheduled for shipment in November with a third order of 400 units to follow.

"This re-order is important because it demonstrates our assertion that there continues to be a strong, growing demand for the VeraTemp thermometer," said Christopher F. Tirotta, MD, MBA, Chairman and Chief Executive Officer of American Scientific Resources. "ANB has a proven track record of success in the Over-the-Counter industry, offering a dedicated and proven sales team. They provide a wide variety of products to stores throughout Canada and we are delighted with this re-orders as we continue to expand distribution in Canada."

The VeraTemp non-contact thermometer uses the most advanced technology in thermometry known today to record an individual's temperature without touching the patient's skin. With the VeraTemp, there is no need to wake, startle or upset the patient when taking their temperature.

Unlike aged technologies like, oral, ear or rectal thermometers, which require being placed into a body orifice to gain a temperature reading - or the full contact types that require being run across an individual's forehead -- the VeraTemp is a completely non-contact, non/invasive thermometer. The VeraTemp unit is about the size of a remote control and is powered by two included AAA batteries. To measure a person's body temperature, simply aim at the individual's forehead and press the Scan button. In an instant, the VeraTemp measures the forehead and ambient temperature, completes thousands of calculations with a proprietary algorithm, and produces an accurate body temperature reading. The non-contact nature of the VeraTemp enables the users to also take accurate temperature of objects like babies' bottle, bath water, food or nursery. The VeraTemp displays its readings on a large back-lit LED screen, reads temperature in both Celsius and Fahrenheit, has an Auto-off feature to conserve battery life, and has a built in memory that records the last 32 readings taken.

About American Scientific Resources, Inc.

American Scientific Resources, Inc. is a purpose-driven consumer product manufacturer specializing in the clinical, home healthcare, infant and juvenile products industries. The Company sources and designs innovative health and safety products, developing advanced technology and intellectual property. The Company's products, which include infrared thermometers and safe disposal systems for home use of sharps and needles associated with certain health care issues, are distributed through established relationships in-house and through an ever growing network of leading global healthcare distributors and retailers. Brands under the American Scientific Resources umbrella include Kidz-Med, Disintegrator Plus and VeraTemp.

For more information, visit the corporate website at www.americansi.com, www.kidzmed.com and www.disintegratorplus.com.

Forward Looking Statements

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.


CONTACT: Beverly Jedynak
President
Martin E. Janis & Company, Inc.
312-943-1123
[e-mail]
Investor contact:
Investor Relations
American Scientific Resources
[e-mail]
561-948-4863

Source: American Scientific Resources, Inc.
Beverly Jedynak
President
Martin E. Janis & Company, Inc.
312-943-1123
[e-mail]
Investor contact:
Investor Relations
American Scientific Resources
[e-mail]
561-948-4863

Public Companies Associated with this story:
ASFX

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Capital Change=shs decreased by 1 for 200 split. Pay date=03/21/2011.

Financial Information / New Share Structure

No Par Share Count: 0 Capital Amount: $ 50,000.00
Par Share Count: 500,000,000.00 Par Share Value: $ 0.0001

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