19.07.07

19.7.2007: Meldung: ARSC to Acquire Mag-Wind Vertical Axis Wind Turbine Technology

American Security Resources Corporation announced today that it has executed Letters of Intent to acquire majority control of Mag-Wind Company LLC which holds exclusive world wide rights to develop and market the Mag-Wind magnetically levitated, patent protected, vertical axis wind turbine, and to acquire majority control of VAWT Manufacturing Company (VAWT) which holds exclusive Mag-Wind manufacturing rights for North America.
Bob Farr, President of ARSC, said "We are excited about acquiring these two companies. Mag-Wind anticipates marketing later this summer into the largest untapped vertical axis wind turbine market, the residential market, which is also the target market for our HydraStax® fuel cell product. VAWT Manufacturing has the ability to produce at one location the larger Noble wind turbine for us in addition to the Mag-Wind turbine." Farr continued, "We are working on acquisition funding using industrial development bonds which will be very beneficial to us and our shareholders as it is completely non-dilutive and has very favorable terms."
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 Fuel Cell 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.

Contact:
American Security Resources Corporation
Frank Neukomm or Bob Farr, 713-465-1001
info@amsrcorp.com
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