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American Security Resources Enters Discussions to Acquire Proprietary Hydrogen Fuel Cell Technology Company

Posted on: Wednesday, 27 July 2005, 15:01 CDT

Joe Grace, President of American Security Resources Corporation (OTCBB:ARSC), announced today that ARSC has initiated discussions to acquire a company with patents pending for hydrogen fuel cells which can be used as energy sources for everything from power supplies on circuit boards to larger arrays for homes, hospitals, schools and office buildings. The fuel cells have wide application for emergency preparedness and homeland security, as well as military field operations that require self-contained modular energy sources. ARSC expects the discussions to lead to a Letter of Intent in the current quarter.

About American Security Resources Corporation

American Security Resources Corp. is a holding company actively seeking to acquire profitable, well-managed companies that provide products or services for homeland security and national defense. The company has identified several potential targets and is currently negotiating acquisitions with five different companies that fit the profile. Combined, the target companies have the potential of generating in excess of $30 million in revenues for 2005. For more information, please visit our website at: www.americansecurityresources.com.

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 results will meet or exceed such expectations.

Source: Business Wire

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