neukomm

HOUSTON, TX / ACCESSWIRE / April 20, 2015 / American Security Resources Corp (PINKSHEETS: ARSC) is excited to announce that ARSC has begun a Three Step Plan to get the Company back on track to success. In Step One, the Company brought its financial data current through public disclosure on OTC Markets. Corporately, ARSC also amended its Articles of Incorporation and Corporate Bylaws to create various series of Anti-Dilutive Convertible Preferred Shares. These securities will soon become available to common shareholders. Step Two, moving forward, is to start reorganizing the debt on the Company s balance sheet so that ARSC becomes debt free. Also, American Security Resources Corp. intends to register its securities to become an OTCBB company. Step Three of the plan is to enhance shareholders equity by acquiring profitable businesses and or assets, using the Convertible Preferred Shares as currency. Frank Neukomm, CEO of American Security, said The Three Step Plan is necessary to attrac