ARSC's latest news has been about management buying shares, the spin-off merger and acquired funding for production.
Sounds great, doesn't it? Read about it:
Statement of Changes in Beneficial Ownership (4)
Edgar (US Regulatory) • Tue Jul 20,2010
Statement of Changes in Beneficial Ownership (4)
Edgar (US Regulatory) • Tue Jul 20,2010
ARSC Receives First Production Funding from St. George
Business Wire • Fri Jul 2,2010
American Security Resources Corporation (Pinksheets: ARSC) announced today that St. George Fund has sent the first tranche of funding to begin production at its Hydra Fuel Cell Corporation subsidiary.
Bob Farr, President and COO of ARSC, stated, “With this funding from St. George we will 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
ARSC Accepts Hydra Spin-Off Proposal from European Investors Group
Business Wire • Wed Jun 23,2010
American Security Resources Corporation (Pink Sheets: ARSC) announced today that it has accepted a proposal from a European Investors Group to fund and spin-off Hydra Fuel Cell to ARSC shareholders.
Bob Farr, President and COO of ARSC, stated “This group calls for providing a public vehicle to merge with Hydra. The group would then organize the funding so as to complete Hydra’s business plan. We will prepare a proxy for ARSC shareholders when the proposed transaction is complete that will fix the dividend ratio and date. The Group has indicated they could have the transaction finished by late summer or early fall 2010. We have been working to achieve this since last spring and it looks like we finally have the right plan for our shareholders and Hydra,” concluded Farr.
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