American Security Resources (ARSC) Takes Major Step Towards Fuel Cell Production

(NEW YORK) – American Security Resources, Inc. (OTC:ARSC), a developer of Hydrogen fuel cell technology, takes a major step towards production with capital infusion through Westor Capital Group.


The Company announced that it has appointed New York based Westor Capital Group as Placement Agent to place a series of up to $1,000,000 in Senior Secured Notes with the proceeds to be used to start production at the Company’s Hydra Fuel Cell subsidiary. Production of their Hydrogen Fuel Cells is expected to begin in the very near-term.

The market has waited a long time for production to begin, and during this time shares in ARSC have grown to around 2.5 billion. But, based on this recent news, and outstanding sale order backlogs, ARSC could make a move back up above the $0.005 to $0.01 range as production and sales back-orders are filled in the coming months. This would be around a $20 to $25 million market cap.

http://www.wallstreetnewscast.com/news/2010/april/arsc.html
Investor NewsletterRegister below if you would to receive a full copy of this free research opinion on this and many other recent research investment calls - http://www.wallstreetnewscast.com/form/newsletter.html