HOUSTON, TX / ACCESSWIRE / May 11, 2015 / American Security Resources Corp. (PINKSHEETS: ARSC) announced today that it has entered into its first corporate consulting and advisory agreement with a social media company. ARSC will provide advice on corporate restructuring, acquisitions, capital formation, and documentation services.
As initial payment ARSC will receive 100,000 Convertible Preferred Shares priced at $2.50 per share. These shares convert upon maturity at the par value of the client company and will bear a restrictive legend for one year. Upon maturity and conversion, these shares will likely form the backbone of a registration statement with the SEC. American Security Resources Corp. will earn additional equity in the client company for any forward acquisitions that are consummated by the client.
American Security Resources Corp. believes this is an important step toward its development as a future Business Development Corporation. The securities it earns are booked as equity on its financial statements. ARSC plans to offer its corporate advisory services to other issuers and to finance its subsidiaries from its earnings while building shareholder value by increasing net shareholder equity in American Security Resources Corp.
About American Security Resources Corporation
American Security Resources (PINKSHEETS: ARSC) is a holding company whose subsidiary, American Hydrogen Corp., is seeking new technologies to economically refine and purify hydrogen for the commercial market. ARSC also owns effective control of Hydrogen Future Corp. (PINKSHEETS: HFCO) from the sale of Hydra Fuel Cell Corp. in April 2014.
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. 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. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
For more information, please contact:
Frank Neukomm, CEO or Bob Farr, COO
info@amsrcorp.com
713-465-1001 (leave message)
SOURCE: American Security Resources Corporation