Houston Firm to Acquire Medical Tech Company in Landmark Deal
HOUSTON, TX / CRWEPRESSRELEASE / July 27, 2015 /American Security Resources Corporation (OTCMKTS: ARSC) announced today that it has signed a Letter of Intent to acquire Gesundheit Medical Leasing Company. Some things really are bigger in Texas, and the anticipated merger between two Houston based companies may be one of them.
“This is a significant cash flow business with outstanding growth potential that we are acquiring with preferred stock,” says Chairman and CEO of American Security Resources Corporation, Frank Neukomm.
“We’re pleased to be working with Gesundheit Group which operates these machines for their client doctor groups.”
Gesundheit leases equipment to doctor groups to perform various medical tests. The Company currently leases liquid chromatograph mass spectrometers that are capable of a wide variety of drug and chemical screens.
The Companies, ARSC and Gesundheit Group, anticipate closing the acquisition this quarter.
“We are aggressively pursuing investments and actively acquiring promising ventures, with the goal of increasing shareholder value,” closes Frank.
ABOUT AMERICAN SECURITY RESOURCES CORPORATION
ARSC is the parent company of American Hydrogen Corporation. It also holds a controlling interest in Hydrogen Future Corporation (HFCO) through a Convertible Preferred security in HFCO from the sale of Hydra Fuel Cell Corporation, its former subsidiary. Management of American Security has begun a program to bring the Company into compliance with SEC regulatory filings and to enhance shareholder value.
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 ARSC
SOURCE:American Security Resources Corporation