SOURCE: American Scientific Resources

December 05, 2006 09:28 ET

American Scientific Signs on With Southridge Group

NEW PALTZ, NY -- (MARKET WIRE) -- December 5, 2006 --American Scientific Resources (PINKSHEETS: ASFX), a publicly traded healthcare and medical product manufacturer and distributor, has engaged Southridge Investment Group to assist the company in meeting both its short-term and long-term capital needs.

"With the acceptance of our products in the marketplace, we are raising capital to increase our marketing and sales efforts," stated Walter Lambert, CEO of American Scientific Resources. He continues, "We choose to align ourselves with the Southridge Investment Group based on their impressive record assisting small public companies manage their capital needs."

Southridge Investment Group, based in Ridgefield, Connecticut with a branch office in New York City, specializes in offering creative financing structures, while providing investment capital to global public issuers across diverse industries. Southridge offers a dynamic and cohesive investment management team that demonstrates an excellent long-term track record with investors and issuers. Their strategic acquisition of Double Alpha Group LLC in April 2006 internally funded over $1 billion in structured financing to 223 portfolio companies globally.

About American Scientific Resources

American Scientific Resources, Inc. is an emerging holding company based in upstate New York that provides a broad range of healthcare and medical products. The company is comprised of two core operating subsidiaries: 1.) Heart Smart System, Inc., the company's flagship product focused on successful prevention of cardiovascular disease using patented CoQ10 supplement and 2.) Kidz-Med, Inc., a leading brand of safe and innovative pediatric products. American Scientific Resources' growing, national customer base includes Walgreens and CVS.

Investors are invited to visit American Scientific Resources' Investor relations headquarters at for more information.

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