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.
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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."
Forward Looking Statements
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.
Investor Contact: Investor Relations American Scientific Resources IR@americansci.com 561-948-4863
SOURCE American Scientific Resources, Inc.