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American Scientific Resources, Inc. Discloses Reviewed Financials

Monday, June 23, 2008 General News J E 4
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WESTON, Fla., June 23 American ScientificResources, Inc. (http://www.americansci.com/) (Pink Sheets: ASFX) is pleasedto announce that its reviewed Q1 2008 financials are now available onwww.pinksheets.com in its continued effort to help maintain awareness withinthe investment community and assist shareholders and potential investors withdue diligence.

The Company's audited financials for 2004, 2005, 2006 and 2007(http://www.americansci.com/cgi-bin/news.pl?record=48) were recently posted,and can also be found on www.pinksheets.com.

American Scientific Resources, Inc. is a holding company for wholly ownedsubsidiaries, Kidz-Med, Inc. (http://www.kidzmed.com/) and Heart Smart, Inc.(http://www.heartsmartsystem.com/) American Scientific's objective is tolocate, acquire and promote innovative health and safety products(http://www.kidzmed.com/p-17-thermofocus-5-in-1-infrared-thermometer.aspx)that are successfully sold abroad, but that have not yet been introduced tothe North American market.

Dr. Christopher Tirotta, CEO of American Scientific Resources, found theThermofocus(R) 5-in-1 non-contact thermometer at a European medical conventionin 2004, immediately recognized it as a revolutionary and unique device,commenced discussions with the manufacturer and became the U.S. distributorfor the Thermofocus(R) 5-in-1. It is billed as the first non-contact,clinical thermometer in the world.

The thermometer has absolutely no contact with the skin, and gives anaccurate (as accurate as rectal or ear) reading in less than a second.Thermofocus(R) 5-in-1 has been recommended by doctors and pediatriciansthroughout the UK, Europe and Asia and has even been used by medical personnelin Asia during the SARS epidemic. (See BBC article:http://news.bbc.co.uk/2/hi/business/2986469.stm) In addition, the Company hasalready placed the product at more than 6,200 Walgreen stores(http://www.americansci.com/cgi-bin/news.pl?record=37) across the country.

Dr. Tirotta said, "The Company is on the brink of achieving its goal ofbeing the nationwide distributor of choice when it comes to innovative childhealth and safety products. Based upon the achievements we've made(http://www.americansci.com/cgi-bin/news.pl?record=41) within a few months, weare hopeful that the Company's advancements reinforce why we provide a uniqueand fruitful opportunity to potential investors and current stockholders."

About American Scientific Resources, Inc.

American Scientific Resources, Inc. is a leading provider of innovativenext-generation, health, medical, and safety products distributed primarilythrough nationwide medical suppliers, infomercials and on-line sites.Additional information about ASFX may be found at www.americansci.com.

Safe Harbor

This release may contain forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995. Statements contained inthis release that are not historical facts may be deemed to be forward-lookingstatements. Investors are cautioned that forward-looking statements areinherently uncertain. Actual performance and results may differ materiallyfrom that projected or suggested herein due to certain risks and uncertaintiesincluding, without limitation, ability to obtain financing and regulatory andshareholder approvals for anticipated actions.Contact: AudioStocks.com Ronald Garner Investor Hotline: 760-692-1167

SOURCE American Scientific Resources, Inc.
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