Corrected Press Release -- American Security Resources Announces Merger Completion between iVoice, Inc. and Hydra Fuel Cell C...
01 Dezember 2011 - 5:34PM
American Security Resources Corporation (Pink Sheets:ARSC) today
announced that the merger of Hydra Fuel Cell Corporation ("Hydra")
with iVoice, Inc.(OTCQB:IVOI) ("iVoice") was completed on November
30, 2011. Hydra merged into iVoice Innovations, Inc., a wholly
owned subsidiary of iVoice, Inc.
Frank Neukomm, CEO of ARSC, stated. "Hydra will remain as a
wholly owned subsidiary of iVoice until we complete a number of
corporate actions that will lead to a name change of iVoice and new
trading symbol."
Neukomm continued, "Once certain corporate conditions are met
and certain regulatory filings are completed, we plan on
distributing the Hydra shares to our ARSC shareholders in the form
of a dividend. We anticipate distributing one (1) Hydra share
for every one hundred and fifty (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.
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
Certain information included in this press release, may contain
forward-looking statements about our current and expected
performance trends, growth plans, business goals and other
matters. These statements may be contained in our filings with
the Securities and Exchange Commission, in our press releases, in
other written communications, and in oral statements made by or
with the approval of one of our authorized
officers. Information set forth in this press release contains
various "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. The Private Securities Litigation Reform
Act of 1995 (the "Act") provides certain "safe harbor" provisions
for forward-looking statements. The reader is cautioned that
such forward-looking statements are based on information available
at the time and/or management's good faith belief with respect to
future events, and are subject to risks and uncertainties that
could cause actual performance or results to differ materially from
those expressed in the statements. Forward-looking statements
speak only as of the date the statement was made. We assume no
obligation to update forward-looking information to reflect actual
results, changes in assumptions or changes in other factors
affecting forward-looking information. Forward-looking
statements are typically identified by the use of terms such as
"anticipate," "believe," "could," "estimate," "expect," "intend,"
"may," "might," "plan," "predict," "project," "should," "will," and
similar words, although some forward-looking statements are
expressed differently. Although we believe that the
expectations reflected in such forward-looking statements are
reasonable, we can give no assurance that such expectations will
prove to be correct.
CONTACT: Frank Neukomm or Bob Farr
American Security Resources Corporation
713-465-1001
info@amsrcorp.com
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