SOURCE: Asgard Holdings, Inc.

December 04, 2006 09:00 ET

Asgard Holdings to Conduct Preliminary Testing of Its Self Contained Breathing Apparatus and Cooling System Suit for Fire Fighting, Homeland Security, Hazmat, and Other Applications

ESCONDIDO, CA -- (MARKET WIRE) -- December 4, 2006 -- Asgard Holdings' (PINKSHEETS: AGHG) Super Thermal Systems Management Group, Inc (STS) announced today that it is proceeding on the preliminary testing of the SuperCritical Air Mobility Pack (SCAMP®) before submitting the self contained breathing apparatus with microclimate cooling for body core temperature control to the National Institute of Occupational Safety and Health (NIOSH) for approval.

This series of tests has been performed previously in the STS testing laboratory and the SCAMP passed all the required tests, but since that time there have been improvements made to the operation of the pack and increase in the reliability of the SCAMP. The tests include both bench tests to prove the limits of lifetime and air flow rates and manned tests to prove the durability of the system in actual field use. The SCAMP is planned for submission before Christmas with approval in January or February 2007.

Under a NASA Kennedy Space Center Small Business Innovation Research contract, SCAMP 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.

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 PhD from Iowa State University and co-founder Dr. Hal Gier, technical director, is a graduate engineer from CalTech and holds a PhD 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.

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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.

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