NEW PALTZ, N.Y., April 29, 2004 (PRIMEZONE) -- American Scientific Resources, Inc. (Pink Sheets:ASRO) today announced it will attend the International JPMA Show May 3-5, 2004, Dallas, TX at the International Apparel Mart. The show is the industry's leading trade exhibition and is attended by thousands of buyers of juvenile-related products from around the world. It is ranked one of the fifty largest association-sponsored trade shows in the country. American Scientific Resources will highlight a variety of upscale electronic gadgets for infants and toddlers. The company will have a booth at the show located at RM 5E90.
American Scientific will feature a number of products including: a voice activated tape recorder, pre-recorded as well as recordable. The recorder has a nightlight that turns on for several minutes at the first sound of a baby's cry. The device, which will retail for $24.99, is intended to lull the child back to sleep and has been dubbed Nite Nanny. Also, the Porto-Therm will be featured. The Port-Therm is a nylon zippered warming device for baby food, or baby bottles. The carrier has a built in thermostat and is powered by a cigarette outlet. The same carrier fastens on to a baby stroller. American Scientific will be offering other products including its Kidz-Med products as well.
"Unveiling a number of our cutting-edge products for infants and toddlers at the JPMA show is an advantageous way for us to penetrate this market since buyers from mega-stores like JC Penney, Sears, Wal-Mart, Neiman Marcus, USA Baby and others will be present," said Peter Lordi, President of American Scientific Resources, Inc. "With two million new births and six to eight million existing children in the U.S., the market for our products is substantial. We have built an outstanding relationship with major drugstore chains such as Walgreen's and CVS and are confident we will be able to do the same with many of the companies at JPMA's show."
The Juvenile Products Manufacturers Association, Inc. (JPMA) is a national trade organization representing 95% of the $6.02 billion industry. JPMA, formed in 1962 with 29 industry companies, has grown to include more than 400 companies in the United States, Canada and Mexico. These companies manufacture and/or import infant products such as cribs, car seats, strollers, bedding, and a wide range of accessories and decorative items. More information on the show and JPMA can be found by going to: www.jpma.org.
About American Scientific Resources:
American Scientific Resources, Inc.(www.americanscientificres.com), based in upstate New York, is an emerging medical products manufacturer and distributor. The company has developed a line of cutting edge, patented products that are easy to use and cost effective. Each line of products fills a current need acknowledged by clinical or medical professionals and targets a specific market; pediatrics, hospital/laboratory and home health. A number of upscale pediatric products from the Kidz-Med product line are currently available at CVS nationwide.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Specialized Leasing Inc. and Sassoon Group Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.