American Scientific Resources Inc. Issues Corporate Update
November 24 2009 - 9:07AM
PR Newswire (US)
2009 Q3 Financials, S-1 Registration Statement being Prepared by
Leading Law Firm, New Transfer Agent, MEDICA 2009 WESTON, Fla.,
Nov. 24 /PRNewswire-FirstCall/ -- American Scientific Resources
Inc. (Pink Sheets: ASFX) ("the Company") is pleased to make
available a current corporate update. Since filing 2007 and 2008
audited financials on Pinksheets recently, ASR has been diligent in
accomplishing additional goals, which are all part of a long term
business plan for the Company. As part of this ongoing process,
2009 third quarter (unaudited) financials are available in full on
http://www.pinksheets.com/. ASR has engaged Sichenzia Ross Friedman
Ference LLP (http://www.srff.com/), a leading securities law firm,
as corporate counsel. SRFF was established in 1999 to provide
experienced, professional representation in all matters involving
the securities industry, as well as in all general corporate and
litigation matters. SRFF also has a nationally ranked PIPEs
practice, and has been ranked number 1 in the country as the most
active PIPE issuing law firm from 2004 through the present. SRFF
has begun preparing an S-1 Registration Statement on behalf of the
Company to register the securities of the selling shareholders
listed in the S-1. Additionally, upon effectiveness of the S-1, the
Company will become a 1934 Act reporting company. As such, its
common stock may be eligible for listing on the OTC Bulletin Board
(OTCBB). Gregory Sichenzia, Founding Partner of SRFF, commented,
"SRFF works with numerous companies from private and public
corporations to broker-dealers and investment advisors, and we are
excited to represent American Scientific who is striving to become
a fully reporting company and eventually have its common stock
listed on the OTCBB. We have already begun preparing the S-1, and
are looking forward to a long-lasting partnership with ASR and to
be a part of the bright future that this promising company holds."
The Company has engaged Action Stock Transfer Corp. to act as its
transfer agent. Senior Management, including Dr. Chris Tirotta, CEO
and Mr. Jason Roth, Senior VP, recently attended MEDICA, widely
regarded as the premier global medical conference. The Company took
the opportunity to engage regional distributors and evaluate
potential new distribution channels, met with suppliers and
contractors for its current product base and had further
discussions on new proprietary products. Dr. Tirotta commented,
"The Company has been working for some time on multiple issues and
initiatives. This is an exciting time for the Company and all of
its shareholders as we take giant steps forward to becoming fully
reporting and expanding our brands, which we hope will open doors
to numerous opportunities." About American Scientific Resources,
Inc. American Scientific Resources, Inc. is the parent company for
wholly-owned subsidiary, Kidz-Med, Inc. The Company's objective is
to create intellectual property, as well as to locate and acquire
innovative health and safety products and to introduce and promote
them to the North American and Global consumer and professional
healthcare market. More information about the Company, including
financial information, can be found on the ASFX web site at
http://www.americansci.com/. For product information please visit
http://www.kidzmed.com/. Safe Harbor This release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements contained in
this release that are not historical facts may be deemed to be
forward-looking statements. Investors are cautioned that
forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected
or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and
regulatory and shareholder approvals for anticipated actions.
Contact Investor Relations Ronald Garner Investor Hotline:
619-293-0621 DATASOURCE: American Scientific Resources, Inc.
CONTACT: Investor Relations, Ronald Garner, Investor Hotline,
+1-619-293-0621 Web Site: http://www.americansci.com/
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