WESTON, Fla., May 26, 2011 /PRNewswire/ -- American Scientific
Resources, Inc. (OTCQB: ASFX) (the "Company") today announces that
the Company, Kidz-Med, Inc. and Sanomedics International Holdings,
Inc., and its affiliates, have each agreed to withdraw the claims
brought in the United States District Court for the Southern
District of Florida. The
agreement has been approved by federal judge, Hon. Ursula Ungaro, and the case has been dismissed
without prejudice.
(Logo: http://photos.prnewswire.com/prnh/20110124/NY34439LOGO
)
Dr. Tirotta, President and Chairman of American Scientific
Resources, Inc. states, "We are happy to have this issue behind us
so that we can continue to focus on building corporate value by
gaining distribution for our Kidz-Med VeraTemp non-contact
thermometer and other products."
Forward Looking Statements
The information contained herein includes forward-looking
statements. These statements relate to future events or to our
future financial performance, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
levels of activity, performance, or achievements to be materially
different from any future results, levels of activity, performance
or achievements expressed or implied by these forward-looking
statements. You should not place undue reliance on
forward-looking statements since they involve known and unknown
risks, uncertainties and other factors which are, in some cases,
beyond our control and which could, and likely will, materially
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects our
current views with respect to future events and is subject to these
and other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity.
We assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from
those anticipated in these
forward-looking statements, even if new
information becomes available in the future. The safe harbor for
forward-looking statements contained in the Securities Litigation
Reform Act of 1995 protects companies from liability for their
forward-looking statements if they comply with the requirements of
the Act.
Investor Contact:
Investor Relations
American Scientific Resources
IR@americansci.com
561-948-4863
SOURCE American Scientific Resources, Inc.