N@N

ARSC Forms American Security Capital Corporation as Finance Arm for Hydra Fuel Cell and American Hydrogen Product Sales

^{Published on 2008-12-17 13:45:21 - Market Wire}
 

HOUSTON--([ BUSINESS WIRE ])--American Security Resources Corporation (OTCBB:ARSC) announced today that it has formed a subsidiary, American Security Capital Corporation, to provide financing options to buyers of products manufactured by its subsidiaries Hydra Fuel Cell Corporation and American Hydrogen Corporation.

Bob Farr, President and COO of ARSC, stated, "As we prepare to start manufacturing for our $21,000,000 purchase order backlog, and based on discussions with our distributor and inquiries we have received at Hydra Fuel Cell, we believe that being able to offer a variety of financing and leasing options will speed the rollout of Hydra's fuel cells and American Hydrogen's ACE units." Farr continued, "We are currently in discussions with a finance industry veteran to establish the funding for this company, and we expect that funding capability to lead to new opportunities for our shareholders that might include partnerships operating large numbers of fuel cell installations and other types of leveraged transactions."

American Security Resources Corporation

ARSC is a holding company actively seeking to acquire companies and technologies that will advance the development of alternative energies. ARSC, through its Hydra subsidiary, is developing high volume, mass producible hydrogen fuel cells. Its American Hydrogen Corp. subsidiary is developing a method to inexpensively formulate hydrogen from ammonia. For more information, please see: [ 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 actual results will meet or exceed such expectations.