American Security Resources Corp. Signs LOI to Sell Hydra Fuel Cell Corp to Hydrogen Future Corp.
10 October 2013 - 8:13PM
Access Wire
Houston, TX - (Accesswire - October
10, 2013) - American Security Resources Corporation
(Pink sheets: ARSC) today announced that it has entered into a
Letter of Intent to sell Hydra Fuel Cell Corporation to Hydrogen
Future Corp (OTCQB: AFLB).
Frank Neukomm, CEO of ARSC, stated. "This transaction is slated to
be an all-stock deal. Hydrogen Future will trade an issue of their
stock for all of the shares of Hydra. The shares that ARSC will
receive will eventually be distributed to our shareholders in a
special dividend."
Neukomm continued, "The closing is contingent on Hydrogen Future
Corp. obtaining the necessary funding to get Hydra into
production."
Hydra Fuel Cell Corporation
Hydra Fuel Cell Corporation has developed a highly efficient, mass
producible hydrogen fuel cell, the HydraStax[R] 5000. Hydra has
demonstrated its fuel cell technology in live
demonstrations.
For more information please see:
http://www.hydrafuelcellcorporation.com/ .
Hydrogen Future Corporation
Formerly known as A5 Laboratories, Inc., Hydrogen Future
Corporation is actively pursuing business development opportunities
in clean energy with an emphasis on hydrogen related
technologies.
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.
For more information, please contact:
Frank Neukomm or Bob Farr
American Security Resources Corporation
713-465-1001
info@amsrcorp.com