ARSC Receives Second Tranche of Production Funding from St. George
HOUSTON, Aug 17, 2010 (BUSINESS WIRE) -- American Security Resources Corporation (Pinksheets: ARSC) announced today that St. George Fund has sent the second tranche of funding for initial fuel cell production at its Hydra Fuel Cell Corporation subsidiary.
Bob Farr, President and COO of ARSC, stated, "The St. George funding has kicked off our initial production run. We are preparing a 5kW and a smaller unit as our starting units while our staff is working on a 30kW design which has been requested by some of our original customers who sent us Purchase Orders."
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.
American Security Resources Corporation
ARSC is a holding company developing technologies that will advance the development of alternative energies. ARSC, through its Hydra Fuel Cell subsidiary, has developed high volume, mass producible hydrogen fuel cells. Its American Hydrogen Corp. subsidiary is developing methods to inexpensively formulate hydrogen. For more information, please see: www.americansecurityresources.com
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