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Fri, December 19, 2008 2008 Highlights - American Scientific Resources Inc. Looks Back at Accomplishments, Looks Forward to 2009
WESTON, Fla.--([ BUSINESS WIRE ])--On behalf of the Company's shareholders, Dr Christopher Tirotta, CEO of American Scientific Resources Inc. (Pink Sheets:ASFX), has issued the following Open Letter highlighting the Company's accomplishments during 2008.
Valued shareholders:
As you'll no doubt agree, 2008 has been a most notable year.
With 2008 rapidly coming to its close, I'd like to take a few moments to reengage with our long-term investors—as well as greet newly acquired stakeholders—by reviewing issues and events important to our Company's development this year.
In order to advance your understanding of American Scientific Resources, Inc., we have engaged AudioStocks.com to handle investor relations. They have our complete confidence. Please continue to avail yourself of their services.
To demonstrate to the investment community our bona fide intent to build a growth company, we have taken the following actions:
We have made financial data available via filings at [ www.pinksheets.com ]. As of November we have informed our shareholders of record, via US mail, of our intent to hold an annual meeting of shareholders before year's end. Public disclosure of this event is pending.
Among our significant achievements this year:
- Widespread awareness was created toward the end of 2007 when the Thermofocus 5-in-1 was introduced for the first time to the walk-in retail market by being distributed throughout approximately 6500 nationwide Walgreens stores.
- Newly implemented online marketing strategies contributed toward record sales in the first quarter of 2008 compared to the first quarter of 2007.
- Our marketing strategies have since included a "Buy to Give Initiative", social media marketing and the introduction of four new products into our Kidz-Med health and safety product line: two educational DVD's for children (Dr. Bip's New Baby Tips and A Hospital Trip with Dr. Bip), an innovative European baby product, the Mommy Recorder, and an All-Natural Children's Multivitamin. The products are currently being sold online and more information is available via our website, Kidz-Med.com ([ www.kidzmed.com ]).
Our community involvement expanded in to the social networking arena as well as through our various advocacy efforts. We were privileged to help serve and promote children's health and safety organizations such as Millennium Promise, the National Safety Council and the EPA's Asthma Program.
It is a matter of pride that our company has garnered so much media attention this year:
Our products have been featured on NBC-TV News 9 (Denver), WTSP-TV CBS-News 10 (Tampa Bay, FL), and WFMY-TV CBS-News 2 (Greensboro, NC), YouTube.com, and Celebrity-babies.com. The Company has also been profiled in the South Florida Business Journal, the Pittsburgh Tribune-Review and the Tulsa World as well as at AudioStocks.com, Business Talk Radio, Thingamababy.com, Momgenerations.com, Cafemom.com, Mommafindings.com and Buzzillions.com.
The Company plans to be represented at an industry trade show in late 1Q 2009 in order to create new distribution outlets with the mass merchant/chain drug stores. Previous attendance at such events fostered relationships that ultimately lead to the current Walgreens distribution agreement.
We are truly looking forward to the possibility of securing financing which would enable ASFX to take its business strategies to an advanced level. The state of the economy surely has an affect on small businesses seeking funding. Regardless, we have proven our value in a faltered economy by providing increased sales success and product distribution.
Management will continue to strive for positive results in 2009.
It is a great challenge as well as a great pleasure running your company. We look forward to creating an extraordinary company for our investors.
Cordially,
Dr. Christopher F. Tirotta, MD, MBA
Safe Harbor
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
