American Scientific Resources, Inc. Announces Dismissal of Sanomedics International Holdings, Inc. lawsuit
WESTON, Fla., May 26, 2011 /PRNewswire/ -- American Scientific Resources, Inc. (OTCQB: ASFX) (the "Company") today announces that the Company, Kidz-Med, Inc. and Sanomedics International Holdings, Inc., and its affiliates, have each agreed to withdraw the claims brought in the United States District Court for the Southern District of Florida. The agreement has been approved by federal judge, Hon. Ursula Ungaro, and the case has been dismissed without prejudice.
Dr. Tirotta, President and Chairman of American Scientific Resources, Inc. states, "We are happy to have this issue behind us so that we can continue to focus on building corporate value by gaining distribution for our Kidz-Med VeraTemp non-contact thermometer and other products."
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