SOURCE: Asgard Holdings, Inc.

November 09, 2006 09:00 ET

Asgard Holdings to Conduct Multi-City "Product Challenge" to Determine Best Fire Retardant Products

Company to Welcome All Similar Products in an Open Forum Challenge to Be Conducted in New York, Miami, Los Angeles, San Francisco, Houston, Toronto, and Las Vegas

ESCONDIDO, CA -- (MARKET WIRE) -- November 9, 2006 -- Asgard Holdings (PINKSHEETS: AGHG) today announced it will offer its fire suppression and breathing suits to seven major fire departments in New York, Miami, Las Vegas, Los Angeles, Toronto, San Francisco, and Houston for comparative testing against existing products they may be using.

"We are so confident our product line-up is superior in all aspects, we welcome these districts to test our system against any others in the market and in the most challenging of situations," said Mr. Virgil Williams, CEO of Asgard Holdings.

"We want fire departments in major metropolitan areas to put our products through the most rigorous testing conditions and hope that they will be as demanding on our products as our company has been over our seven-year development cycle," he added.

Traditionally, all major fire departments have training facilities available for practice, as well as testing new products. Major cities require training sessions in adverse conditions similar to the fires and chemical situations that first responders face every day. It is in these facilities that the company will request their products be examined under the most demanding circumstances to prove product worth and need.

"The heroes who risk their lives every day for the public deserve the opportunity to see what is available to them in life-saving, fire fighting equipment. Our products are light weight, durable, and allow all firefighters and first responders more time in the hot zones, as our products insulate and protect those in harm's way no less than 45% longer than any other product on the market," Mr. Williams stated.

The company will provide this product challenge to other companies in the market to allow them time to either participate or decline the invitation.

Mr. Williams concluded, "We are confident our engineered products are the beginning of a new generation of what is available for this market and are far superior to what is currently available."

For more information please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit the company website at:

About Asgard Holdings, Inc.:

Asgard Holdings retains fifty percent interest in Super Thermal Systems Management Group, Inc (STSM). STS co-founder, Dr. Don Gier, CEO, holds a Ph.D from Iowa State University and co-founder Dr. Hal Gier, technical director, is a graduate engineer from CalTech and holds a Ph.D in aerospace engineering. Under a NASA Kennedy Space Center Small Business Innovation Research contract, SCAMP (Super Critical Air Mobility Pack) was born as a self-contained breathing apparatus and cooling system suit with applications designed for Fire Fighting, EMT, Homeland Security, Dept. of Defense, HAZMAT and NASA.

Asgard Holdings, Inc. is more than just an early stage venture capital firm; We provide the infrastructure and guidance. Asgard makes possible the achievement of your company's goals and facilitates your business to find its common ground. Asgard focuses on companies that are beyond incubator startups, giving our portfolio companies a strong resource of business intelligence from which to utilize.

Safe Harbor

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission.

Contact Information

  • Contact:

    Media Contact:
    BZCOM Communications
    Mike Garfinkel
    Email: Email Contact
    Phone: 818-865-9898

    For Asgard Holdings, Inc., Escondido
    Taylor Capitol, Inc.
    Stephen Taylor
    Email: Email Contact
    Phone: 973-351-3868