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Share Name | Share Symbol | Market | Type |
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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 | |
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0.00 | 0.00% | 0.000001 | 0.00 | 00:00:00 |
WESTON, Fla., Nov. 23, 2010 /PRNewswire/ -- American Scientific Resources, Inc. (the "Company" or "ASR") (Pink Sheets: ASFX) announces today that the Company is officially an approved manufacturer of medical devices under the International Organization for Standardization (ISO), the world's largest developer and publisher of international business standards.
ASR also recently became a FDA approved manufacturer of various medical devices operating under the ISO 13485 Directive of Quality Systems Manual and Good Manufacturing Practices.
Within the past week, the Company went through an ISO inspection conducted by world renowned TUV SUD. The one-week highly intensive process included implementing a complete traceability and management accountability function in all aspects for a medical device manufacturer and for an audit for a CE mark submission.
When the CE mark is issued, sales to the European Union, Canada, China and the Australasia regions can commence. ASR will update the public when the CE mark has been officially issued. The Company expects that to occur within the next 60 days, although there can be no guarantees. The CE mark, also known as European Conformity mark, is declaration that a manufacturer's product complies with the essential requirements of the European product directives including containing essential requirements, performance levels and technical specifications in order to legally be placed on the market within the EFTA and European Union. Having the mark opens up market distribution by enabling ASR to sell product worldwide, namely in areas that the Company is pursuing, such as Canada, Europe, China and the Australasia region.
The adoption of international standards by a Company certifies to the world that Company products are of the highest quality, with widespread acceptance internationally. Abiding by ISO standards ensures products contain the most desirable characteristics including reliability, safety, efficiency, eco-friendly and affordability. Businesses who use the international standards can compete on many more markets globally, making it easier, safer and fairer for trading to ensue.
Per ISO.org, "For innovators of new technologies, International Standards on aspects like terminology, compatibility and safety speed up the dissemination of innovations and their development into manufacturable and marketable products. For consumers, conformity of products and services to International Standards provides assurance about their quality, safety and reliability. ISO standards safeguard consumers, and users in general, of products and services."
Dr. Christopher F. Tirotta, CEO and Chairman of ASR, comments, "Another exciting Company milestone has been achieved by successfully passing the world's definitive business standardized system."
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 product industries. The Company sources and designs innovative health and safety products, develops advanced technology and intellectual property and distributes product through established relationships and channels both in-house and through its ever growing network of leading global healthcare distributors and retailers. Brands under the ASR umbrella include Kidz-Med, Disintegrator Plus, VeraTemp and Mebby.
For more information, visit the corporate web site at www.americansci.com, Kidz-Med at www.kidzmed.com and Disintegrator Plus at www.disintegratorplus.com.
Safe Harbor
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
Contact | |
Investors: | |
American Scientific Resources Investor Relations | |
IR@americansci.com | |
561-948-4863 | |
SOURCE American Scientific Resources, Inc.
Copyright 2010 PR Newswire
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