WESTON, Fla., June 17 /PRNewswire-FirstCall/ -- American Scientific Resources (http://www.kidzmed.com) today announced that they have retained the services of Ideal Management Corp., (http://www.idealcorporatefunding.com) a prestigious corporate financing entity, to secure a multi-million dollar line of credit which would fund the purchasing of inventory and AR financing for the Company’s subsidiary, Kidz-Med, (http://www.kidzmed.com) a leading provider of innovative health and safety devices for children.
Ideal Management is proposing that the flexible funding that is being sought by the Company will not only increase its credit ratings with suppliers, but it will also substantially allow potential large customers to feel comfortable and confident that ASFX can and will deliver on any and all contracts and purchase orders.
Dr. Christopher F. Tirotta, CEO of American Scientific Resources, Inc. said, “We are pleased to have joined forces with Ideal Management, and are looking forward to the possibility of securing financing which would enable ASFX to take its business strategies to an advanced level.”
“In addition to marketing our current products, we are speaking with various overseas companies that have innovative health and safety products that we feel would fit the needs of the U.S. parent or caregiver in making their lives easier, safer and happier. The financing would enable us to negotiate substantially with these successful companies,” continued Tirotta.
About Ideal Management Corporation, Inc.
In 1992, Ideal Management, Inc. was formed focusing its efforts on corporate funding needs. Uniquely suited to create lending solutions for businesses needing anywhere from $500,000 dollars to $100MM dollars, for the past sixteen years Ideal has enabled thousands of its clients to jump-start their growth and development by delivering short term transaction financing.
About American Scientific Resources, Inc.
American Scientific Resources, Inc. is a leading provider of innovative health and safety products through its Kidz-Med, Inc. and Heart Smart System, Inc. subsidiaries http://www.kidzmed.com and http://www.heartsmartsystem.com. Kidz-Med distributes unique health and safety-related pediatric products, including the Kidz-Med Thermofocus(R) 5-in-1, the world’s first clinical non-contact thermometer. Heart Smart supplies nutraceutical supplements developed to aid in the prevention of cardiovascular disease. For additional information, visit the corporate web site, http://www.americansci.com.
Notice Regarding Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects”, “intends”, “anticipates”, “will”, or “plans” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s reports and registration statements filed with Securities and Exchange Commission.
CONTACT: Ronald Garner of AudioStocks.com for American Scientific
Resources, +1-760-692-1167, ron@audiostocks.com
Web site: http://www.americansci.com/
http://www.kidzmed.com/
http://www.idealcorporatefunding.com/
http://www.heartsmartsystem.com/
http://www.americansci.com/