American Scientific Resources, Inc. Announces S-1 Registration Statement Effective; Commences Public Reporting Requirements
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 health