WESTON, Fla., March 19 /PRNewswire-FirstCall/ -- American Scientific Resources, Inc. (Pink Sheets: ASFX) today confirmed that the Company has reached a settlement of its disputes with Tecnimed, s.r.l, manufacturer of the Thermofocus thermometer. The Company (via its Kidz-Med subsidiary) retains the right to market Thermofocus thermometers to select retailers in the United States. Management believes that this settlement will enable ASFX to continue to expand with a secure source of product and in renewed cooperation with Tecnimed.
About American Scientific Resources, Inc.
American Scientific Resources, Inc. is a holding company for two wholly owned subsidiaries, Kidz-Med, Inc. and Heart Smart System. The Company's objective is to locate and acquire innovative health and safety products that are successfully sold abroad, and to introduce and promote them to the North American market. More information about the Company can be found on the ASFX web site at www.americansci.com.
Safe Harbor
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contact: AudioStocks.com Ronald Garner Investor Hotline: 760-692-1167 ron@audiostocks.com
SOURCE American Scientific Resources, Inc.
Contacts:
AudioStocks.com Ronald Garner Investor Hotline: 760-692-1167 ron@audiostocks.com
Public Companies Associated with this story: ASFX
Knobias Subject Codes Associated with this story: Legal Proceedings
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