WESTON, Fla., Jan. 14, 2011 /PRNewswire/ -- American
Scientific Resources, Inc. (the "Company" or "ASR")
(Pink Sheets: ASFX) wishes to announces that its Form S-1 Resale
Registration Statement, a copy of which is available at
www.sec.gov, has been declared effective by the United States
Securities and Exchange Commission. The effective
Registration Statement means that the Company will commence
reporting of its quarterly and annual financial results with the
SEC and enable the Company to seek to have its common stock quoted
on the Over-the-Counter Bulletin Board.
The Registration Statement, while effective, also allows the
selling shareholder to freely trade the shares included in the
Registration Statement. The Company is not issuing any new
share capital and will not receive any proceeds from the sale of
the shares by the selling shareholder.
Dr. Christopher F. Tirotta, CEO
and Chairman of American Scientific Resources, Inc. stated: "We are
pleased that, now that we have completed the SEC review of our
registration statement, we will be providing our shareholders with
greater disclosure and transparency through regular filings with
the SEC including quarterly and annual reports. We will also seek
to have our shares quoted on the OTCBB in the near future."
This press release shall not constitute an offer to issue or
sell or the solicitation of an offer to buy securities, nor shall
there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction.
About American Scientific Resources, Inc.
American Scientific Resources, Inc. 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, develops advanced
technology and intellectual property and distributes product
through established relationships and channels both in-house and
through its ever growing network of leading global healthcare
distributors and retailers. Brands under the ASR umbrella include
Kidz-Med, Disintegrator Plus, VeraTemp and Mebby.
For more information, visit the corporate web site at
www.americansci.com, Kidz-Med at www.kidzmed.com and Disintegrator
Plus at www.disintegratorplus.com.
Safe Harbor
This release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
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.
Actual performance and results may differ materially from that
projected or suggested herein due to certain risks and
uncertainties including, without limitation, ability to obtain
financing and regulatory and shareholder approvals for anticipated
actions.
CONTACT
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Investors:
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American Scientific Resources
Investor Relations
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IR@americansci.com
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561-948-4863
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SOURCE American Scientific Resources, Inc.