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ASFX American Scientific Resources Inc (CE)

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Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
American Scientific Resources Inc (CE) USOTC:ASFX OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.00 01:00:00

American Scientific Resources Announces the Company’s Entrance Into Canadian Market with First Purchase Order for 1,500 Ver...

12/09/2011 1:30pm

Business Wire


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American Scientific Resources, Inc. (OTCQB: ASFX) (“American Scientific Resources” or the “Company”) –today announced that it received its first purchase order from Associated National Brokerage, Inc. (ANB Canada), a major distributor of health and beauty products to chain drug stores throughout Canada. The initial order for 1,500 VeraTemp non-contact thermometers is expected to place product in a variety of well-known drug chains and industry suppliers throughout Canada. Both branded (Kidz-Med) and private label products will be distributed. The VeraTemp thermometer uses the most advanced thermometry technology to record an individual’s temperature simply by pointing the device at the forehead and touching a button.

“This is a significant milestone as it marks our entry into the Canadian market with the VeraTemp thermometer,” said Christopher F. Tirotta, MD, MBA, Chairman and Chief Executive Officer of American Scientific Resources. “ANB Canada has a proven track record of success in the Over-the-Counter industry, offering a dedicated sales team that provides the personal touch while detailing the stores. They provide a wide variety of products to stores throughout Canada and we are delighted with this initial order and look forward to sell through and future orders as they continue to expand the distribution for the VeraTemp in Canada.”

Unlike traditional rectal, oral or ear thermometers, which require being placed into a body orifice to gain a temperature reading – or even the “scan” types that require being run across an individual’s forehead -- the VeraTemp thermometer is a completely non-contact thermometer. The VeraTemp unit is about the size of a remote control and is powered by two AAA batteries (which are included). To measure a person’s body temperature, simply aim at the individual’s forehead and press the ”Scan” button. In an instant, the VeraTemp measures the forehead and ambient temperature, completes thousands of calculations with a proprietary algorithm, and produces an accurate body temperature reading. The non-contact nature of the VeraTemp enables the users to also take accurate temperatures of inanimate objects like babies’ bottle, bath water, food or nursery. The VeraTemp displays its readings on a large back-lit LED screen, reads temperature in both Celsius and Fahrenheit, has an Auto-off feature to conserve battery life, and has a built in memory that records the last 32 readings taken.

About American Scientific Resources, Inc.

American Scientific Resources, Inc. is a purpose-driven consumer product manufacturer specializing in the clinical, home healthcare, infant and juvenile products industries. The Company sources and designs innovative health and safety products, developing advanced technology and intellectual property. The Company’s products, which include infrared thermometers and safe disposal systems for home use of sharps and needles associated with certain health care issues, are distributed through established relationships in-house and through an ever growing network of leading global healthcare distributors and retailers. Brands under the American Scientific Resources umbrella include Kidz-Med, Disintegrator Plus and VeraTemp.

For more information, visit the corporate website at www.americansi.com, www.kidzmed.com and www.disintegratorplus.com.

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. There can be no assurance that we will receive additional orders from Associated National Brokerage, Inc.

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