HOUSTON, May 10, 2005 (PRIMEZONE) -- American Security Resources, Inc. (OTCBB:ARSC) announced today that it has reached agreement to enter into a strategic partnership with Corporate Strategies, Merchant Bankers of Houston, TX. Under the agreement, Corporate Strategies is to provide merger, acquisition and strategic advice for American Security Resources. Corporate Strategies has assisted its clients in obtaining major contracts with companies such as Accenture, Lukoil, EDS, and Microsoft.
Joe Grace, CEO of ARSC, stated, "We are looking forward to working with Corporate Strategies to achieve a rapid implementation of our strategic plan. We intend to accomplish this through carefully selected accretive acquisitions that will add to both our top and bottom line revenue."
Tim Connolly, CEO of Corporate Strategies, added: "We are honored to be chosen by American Security Resources to assist them with their business growth and strategic planning in the Homeland Defense and National Security sector and look forward to helping the company grow rapidly in the future."
About American Security Resources, Inc. -- American Security Resources Corp. (www.americansecurityresources.com) is a holding company actively seeking to acquire profitable, well-managed companies that provide products or services for Homeland Defense or National Security. American Security Resources Corporation (OTCBB:ARSC) seeks companies that would benefit from being part of a larger, diversified public enterprise. Joe Grace, President and CEO, has an extensive background in finance and management. He has over 21 years of finance and banking experience including stints with Texas Commerce and Charter Banks. He has owned and operated four successful companies including businesses relating to network security monitoring, telecommunications and document digitization. He was President of an online data center company with customers that included 215 banks and over 160 hospitals nationwide. He is a former member of the Greater Houston Partnership CEO Roundtable.
About Corporate Strategies, Inc. -- Corporate Strategies, Inc. (www.corporate-strategies.net) is a Merchant Bank in the traditional European sense of the word. As the term has evolved from the 18th Century to today, Merchant Banking describes an enterprise that not only finances a company's product or service, but also assists in developing a comprehensive business strategy. Corporate Strategies is comprised of seasoned executives with extensive experience in merchant banking, including business development and strategy, public and private company corporate finance, capital markets research, human resources, due diligence and transaction negotiation and execution.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that these forward-looking statements involve uncertainties and risks that could cause actual performance and results of operations to differ materially from those anticipated by these statements. These risks and uncertainties include but are not limited to: the Company's ability to obtain sufficient funding to continue operations, the Company's ability to maintain adequate cash flow, the Company's ability to profitably exploit new opportunities, the unpredictable nature of business risks, and other factors set forth in the Company's most recently filed SEC reports. The forward-looking statements contained herein represent the Company's judgment as of the date of this release and it cautions readers not to place undue reliance on such.