Fact: ARSC has already acquired funding for production. Read:
ARSC Receives First Production Funding from St. George
07/02/2010
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
The St. George Investments LLC is a Chicago based investment company managed by John M. Fife, specializing in buyouts, late stage growth equity investments and PIPES. They strive to find and create circumstances that combine three factors that are critical to investment success. These are: great business opportunities, uncommon managerial talent, and financial capital.