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ASFX American Scientific Resources Inc (CE)

0.0001
0.00 (0.00%)
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 Names New Board Member

24/08/2011 1:00pm

Business Wire


American Scientific Reso... (CE) (USOTC:ASFX)
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American Scientific Resources, Incorporated (“American Scientific” or the “Company”) (OTCQB: ASFX) today announced that Robert T. Faber, CPA has joined the Company’s board of directors (the “Board”). This addition brings the total membership of the Board to five.

Mr. Faber is a financial executive with more than 20 years of financial management, business and acquisition experience including substantial experience in international markets. Currently, Mr. Faber is the President, Chief Executive Officer and Chief Financial Officer of Comstock Mining Inc., a company he joined in 2003. Mr. Faber previously served as Vice President of United Site Services, Inc., a privately held consolidator in the waste service industry. Additionally, Mr. Faber served as an executive with Allied Waste Industries, overseeing a $1.2 billion, multi-state area. Prior to his time at Allied Waste Industries, Mr. Faber spent 17 years with Waste Management, Inc., a publicly traded environmental services company, during which time he served in senior positions both internationally and domestically. Mr. Faber’s positions included Director of Finance of Waste Management’s $1.4 billion multi-country international operations based in London, England and Vice President and Controller for several $100 million plus multi-state market areas. His experience and background provide him with a broad range of expertise in public company issues.

“We believe that Rob’s unique capabilities are going to be invaluable to American Scientific as we continue to make inroads with the Disintegrator and seek new international market opportunities,” said Dr. Christopher Tirotta, Chairman and Chief Executive Officer of the Company. He continued, “Rob has proven expertise in developing and implementing business strategies for complex multi-country, multi-currency, multi-location and multi-cultural business environments. Further, his extensive merger and acquisition experience with more than 50 separate transactions ranging from $250 million to $500,000 million, his addition to the Board provides welcome experience and expertise.”

Mr. Faber is a Certified Public Accountant (currently unlicensed) and is a graduate of Saint John’s University, where he earned a B.S. in Accounting.

About American Scientific Resources, Incorporated

American Scientific Resources, Incorporated 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, developing advanced technology and intellectual property. Products 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, please visit the Company’s corporate web sites at www.americansci.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.

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