Ludlow Energy Initiates Research Coverage on American Security Resources Corp.
Posted on: Wednesday, 8 August 2007, 09:04 CDT
American Security Resources Corp. (OTCBB:ARSC) announces that it has been notified that the Ludlow Energy SmallCap Index has initiated research coverage on the company with a 'speculative' B- rating.
COVERAGE SUMMARY
On Aug. 06, 2007, ARSC announced that American Hydrogen Corp., a wholly owned subsidiary of ARSC, was granted worldwide exclusive license to commercialize the patent-pending catalytic electrolyzer technology developed by Ohio University's Dr. Gerardine Botte. Dr. Botte has developed a method for producing hydrogen from ammonia for a fraction of the current commercial cost, which could have a dramatic effect on ARSC as a player within the Hydrogen fuel market. Many issues still remain outstanding such as final patent, commercial feasibility, and potential capital requirements. Ludlow Energy is issuing ARSC with a 'speculative' B- rating until further information can be provided.
For a link to the full investment opinion, and risks associated with this company visit - http://www.ludlowenergy.com/reports/arsc.htm
About Ludlow Energy Ventures
Based in New York City, Ludlow Energy Ventures is a venture capital and research firm with a specific focus on the renewable and alternative energy market. Ludlow Energy Ventures owns and operates the Ludlow Energy Indices, which tracks a wide basket of US traded large and small cap alternative energy stocks. www.ludlowenergy.com
American Security Resources Corporation
ARSC is a holding company actively seeking to acquire and develop clean energy companies and technologies. ARSC's Hydra Fuel Cell subsidiary has developed a high volume, mass producible hydrogen fuel cell. Its American Hydrogen Corp. subsidiary is developing an inexpensive method to produce hydrogen from ammonia. ARSC's newly formed American Wind Power Corp. will be developing residential scale wind turbines based on the patented Noble Wind Turbine design. It also has an LOI to acquire additional wind power capabilities. For more information, please see: www.americansecurityresources.com
ARSC is a component of the Ludlow Energy SmallCap Index www.ludlowcapital.com/indices.
Safe Harbor Statement
This news release contains certain "forward-looking statements" within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934. Although the Company believes the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that actual results will meet or exceed such expectations.
Source: Business Wire
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