IVOI=Hydra ARSC Announces Merger Completion
01 Dezember 2011 - 3:50PM
American Security Resources Corporation (Pink Sheets:ARSC) today
announced that the merger of Hydra Fuel Cell Corporation with
iVoice, Inc. (OTCBB:IVOI) was completed on Wednesday, November
30th.
Frank Neukomm, CEO of ARSC, stated, "Hydra will trade as IVOI
until we complete a number of corporate actions that will lead to a
name change and new symbol."
Neukomm continued, "We have a number of state and US regulatory
filings before we dividend the Hydra-IVOI shares to our ARSC
shareholders. We are still planning a dividend of 1 Hydra share for
every 150 ARSC shares."
Hydra Fuel Cell Corporation
Hydra Fuel Cell Corporation has developed a highly efficient,
mass producible hydrogen fuel cell, the HydraStax® 5000. Hydra has
demonstrated its fuel cell technology in live demonstrations from
which it received more than $20,000,000 in purchase orders.
Currently Hydra is in the process of delivering its first
commercial fuel to Liberty Towers.
Preliminary testing indicates that a HydraStax® fuel cell using
natural gas as the source of hydrogen can produce a kilowatt of
electricity for less than $0.10.
For more information please see: www.hydrafuelcell.com .
American Security Resources Corporation
ARSC is a holding company developing and acquiring technologies
that will advance the development of clean energy. Its American
Hydrogen subsidiary is working to commercialize several
technologies to produce hydrogen inexpensively.
For more information, please see:
www.americansecurityresources.com
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.
CONTACT: Frank Neukomm or Bob Farr
American Security Resources Corporation
713-465-1001
info@amsrcorp.com
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