This is a middleman company looking for innovative products in pediatric care and re-markets or
gains licenses to distribute. Here's a video infomercial link to their hottest AWARD WINNING product: a non-contact thermometer for infants.
http://www.audiostocks.com/index.php
Chart included:
cheers,
SJ
ASFX.PK - Momentum.......
American Scientific Resources, Inc. is a leading provider of innovative next-generation, health, medical, and safety products distributed primarily through nationwide medical suppliers, infomercials and on-line sites.
news is slowly getting out... $.006 to $.008 consolidation trading range but this won't be long.
10Q is filed. http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=16606
Also a note here on new web page design for Kidz-Med.
Cheers,
SJ
ps. I'll copy a bit of the 10Q later
Kidz-Med Launches Newly Optimized Website
Objective is to Increase Online Revenue Channel
WESTON, Fla., July 22, 2008 /PRNewswire via COMTEX/ -- In response to anticipated traffic from multiple promotions and recently announced charitable and financial relationships, Kidz-Med Inc. (the Company), a subsidiary of American Scientific Resources (Pink Sheets: ASFX), today announced the launch of a newly optimized website, http://www.kidzmed.com . The website-originally produced by Future Now, Inc. (http://www.futurenowinc.com/) -- increases the strength of Kidz-Med's revenue channels via scientific marketing optimization methodologies. The Company has added features designed to enhance conversion rates, and continues to improve upon optimization.
The new added features that make for an even easier checkout process, will also reassure the consumer that their purchase is 100% secure.
The Company is taking steps to further increase conversion rates by continually optimizing. Management asks its valued stockholders, investors and future investors to keep a look out for future updates as well as Q2 2008 financials that will be available online soon.
Dr. Christopher F. Tirotta, CEO of American Scientific Resources, Inc. said, "We are excited to see the effects of the recent optimization tactics that have been employed. By giving the consumer an easier and even safer shopping experience, we are hopeful to see an even larger increase in sales."
Other enhancements pending include RSS news feeds and the ability to provide better affiliate information as further marketing partnerships (in development) emerge.
Marketing Communications Officer, Erika Stanczak said, "The Company will continue to improve its online awareness and further its online marketing initiatives by testing various types of landing pages, adding interactive experiences to engage the consumer, providing education on various child health and safety topics, partnering with key social networking sites and employing affiliate programs with niche e-tailers; tactics designed to increase the number of qualified visitors to Kidz-Med's website and increase sales."
Additionally, the Company, which donates time to charitable organizations on behalf of child safety, thanks Lumonall Inc. (OTC Bulletin Board: LUNL) and BioGold Fuels Corporation (OTC Bulletin Board: BIFC) for their joining the Company's effort to support National Safety Month.
"We are pleased to see our peers join us in the spirit of social responsibility. Well done and continued success," said Dr. Tirotta.
About American Scientific Resources, Inc.
American Scientific Resources, Inc. is a leading provider of innovative health and safety products through its Kidz-Med, Inc. and Heart Smart System, Inc. subsidiaries. Kidz-Med distributes unique health and safety-related pediatric products, including the Kidz-Med Thermofocus(R) 5-in-1, the world's first clinical non-contact thermometer. Heart Smart supplies nutraceutical supplements developed to aid in the prevention of cardiovascular disease. For additional information, visit the corporate web site, http://www.americansci.com.
** ASFX Share Structure Review from 12 Jun 08 PR per CEO:
http://biz.yahoo.com/iw/080612/0406283.html
Authorized Shares (AS) = 250,000,000 Shares
Outstanding Shares (OS) = 139,238,026 Shares
Restricted Shares = 104,226,564 Shares
Float = 35,011,462 Shares
** Insiders own a minimum of 74.9% of the OS**
cheers,
SJ
none of the links transferred.... re-posting again with links:
American Scientific Resources, Inc. Releases Second Quarter Financials
WESTON, Fla., Aug 13, 2008 /PRNewswire-FirstCall via COMTEX/ -- Sales Revenues Increase Primarily on Thermofocus(R) 5-in-1
AMERICAN SCIENTIFIC RESOURCES, INC. (Pink Sheets: ASFX) today announced unaudited financial results for the second quarter ended June 30, 2008.
Highlights of the second quarter include the following:
-- Net sales of $128,000 for the quarter, as compared to a net sales of $35,800 for the second quarter of 2007;
-- Year-to-date net sales were $358,000, as compared to a net sales of $123,000 for the comparable period of 2007;
-- Net loss of $2,597,000 or $(.03) per share for the first six months of 2008 increased from net loss of $1,679,000 or $(.09) per share in 2007;
-- Net cash used in operating activities in the second quarter of 2008 was $4,300
These financial statement disclosures are entirely qualified by the financial statements and footnotes posted on pinksheets.com.
The decrease in 2008 profitability is primarily due to stock based payment for a media production and placement services agreement to increase the Company's national media exposure and enhance overall brand awareness, stimulate new business and build long-term value for its shareholders.
Increased sales are due primarily to the introduction and sale of the Thermofocus(R) 5-in-1 non-contact thermometer. Major distribution chains include Walgreens, CVS.com, and BabiesRUs.com.
Dr. Christopher Tirotta, CEO of American Scientific Resources, was first introduced to the Thermofocus(R) 5-in-1 non-contact thermometer at a European medical convention in 2004. The Company later became the key distributor in the U.S. for the Thermofocus(R) 5-in-1. Recognized as the first non-contact, clinical thermometer in the world, the following facts are equally informative:
-- The thermometer has absolutely no contact with the skin, and has proven to give an accurate (as accurate as rectal or ear) reading (http://www.americansci.com/cgi-bin/news.pl?record=55) in less than a second.
-- Thermofocus(R) 5-in-1 has been recommended by consumers, doctors and pediatricians throughout the US, Europe, UK and Asia.
-- Medical personnel in Asia have even used the thermometer during the SARS epidemic (http://news.bbc.co.uk/2/hi/business/2986469.stm). Health care professionals with the non-profit organization, Millennium Promise (http://www.millenniumpromise.org/), have also used it in poverty stricken sub-Saharan Africa.
-- The product has been placed at more than 6,200 Walgreen stores (http://www.americansci.com/cgi-bin/news.pl?record=37) across the country.
Dr. Tirotta said, "Based upon the achievements we've made (http://www.americansci.com/cgi-bin/news.pl?record=41) earlier this year, coupled with strategic business alliances that continue to develop, we strive to offer a lucrative opportunity to potential investors and current stockholders."
About American Scientific Resources, Inc.
American Scientific Resources, Inc. is a holding company for two wholly owned subsidiaries, Kidz-Med, Inc. (http://www.kidzmed.com) and Heart Smart System. The Company's objective is to locate and acquire innovative health and safety products (www.kidzmed.com/p-17-thermofocus-5-in-1-infrared-thermometer.aspx) that are successfully sold abroad, and to introduce and promote them to the North American market.
More information about the Company, including financial information, can be found on the ASFX web site at www.americansci.com.
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.
Contact:
AudioStocks.com
Ronald Garner
Investor Hotline: 760-692-1167
SOURCE American Scientific Resources, Inc.
URL: http://www.americansci.com
http://www.kidzmed.com
www.prnewswire.com
Huge contract for this company.
American Scientific Resources Inc. Signs Major Contract and Receives Purchase Order from Largest Retail Toy and Baby Products Chain in the World
Monday August 18, 4:00 pm ET
Thermofocus(R) 5-in-1 Non-Contact Thermometer New Packaging Designed to Help Promote Sales Nationwide, Order to Ship Soon
Toy's R Us and Baby's R Us multi-million dollar value.....
http://biz.yahoo.com/bw/080818/20080818005503.html?.v=2
Other information!
http://www.toysrus.com/product/index.jsp?productId=2664823
Product Description
The Kidz-Med Thermofocus is the world's first completely Non-Contact thermometer. It never has to touch the body, allowing parents to check the temperature of a sick child without having to wake them up or struggle. It uses totally safe and advanced infrared technology to take your baby's or family's, forehead, navel or armpit reading instantly and accurately. It is totally non-invasive and hygienic, and it does not need expensive probe covers. Thermofocus is FDA approved and clinically tested to be accurate within +/- 0.4 degrees. It is as accurate as a rectal thermometer reading and more accurate than most ear thermometers, but without the fuss or pain of either of these methods Thermofocus gives instant body readings, and when in standby mode, shows the ambient room temperature. It takes both Fahrenheit or Celsius readings on a digital LED display and can store up to 9 previous readings in memory. It also has a setting allowing you to take the temperature of other objects such as a baby's bottle, food or bath water. Thermofocus uses 4 AAA batteries (included) which will last for up to 10,000 readings. The Thermofocus will set the new gold standard for detecting a fever and is a must for every home medicine cabinet.
cheers,
SJ
Financing news for ASFX:
THIS JUST IN!!!! valuation stands at $.30 pps currently trading at $.011
American Scientific Resources Receives Commitment for Five Million Dollar Line of Credit
Wednesday August 20, 2:07 pm ET
WESTON, Fla.--(BUSINESS WIRE)--American Scientific Resources, Inc. (Pink Sheets: ASFX - News) today announced that the Company has received a commitment for a line of credit of up to five million dollars with Ashford Finance, Inc., a prominent New York based corporate financing entity. The multi-million dollar line of credit must be strictly used for Purchase Order and Accounts Receivable financing for the Company's subsidiary, Kidz-Med, Inc., a leading provider of innovative health and safety devices for children.
An additional line for inventory financing is also in process, which will enhance Kidz-Med's operational cash position.
Dr. Christopher F. Tirotta, CEO of American Scientific Resources, Inc. said, "With the financing in place, we are truly looking forward to having financial stability, giving confidence to our current and future vendors. Immediately, we intend to use the credit for PO financing without incurring dilution. Being this has nothing to do with equity, the line of credit is designed to enhance our cash position as we strive to bring other innovative products to the US market. Coupled with our recent announcement about supplying the world's largest baby retailer, this is a major step forward for ASFX."
American Scientific Resources and Kidz-Med will announce additional financing news as warranted.
About Ashford Finance, Inc.
Ashford Finance is a specialized finance company based in New York, providing creative short-term transactional financing for importers, exporters and other short-term borrowers who have challenges in securing bank financing. Ashford specializes in all aspects of Trade Financing from providing Purchase Order Financing of up to 100% of cost, addressing all the Letter of Credit needs of our customers, to Factoring and financing of receivables.
About American Scientific Resources, Inc.
American Scientific Resources, Inc. is a leading provider of innovative health and safety products through its Kidz-Med, Inc. and Heart Smart System, Inc. Kidz-Med distributes unique health and safety-related pediatric products, including the Kidz-Med Thermofocus® 5-in-1, the world's first clinical non-contact thermometer. Heart Smart System supplies nutraceutical supplements developed to aid in the prevention of cardiovascular disease. For additional information, visit the corporate web site, www.americansci.com
borrowing a chart: It truly says it all in a picture... saves typing!
cheers,
SJ
next leg up.... maybe... didn't hold the .008 line so that's now resistance to gain
back to .023.
Now would be a good time to build a position.
Thermofocus award winning technology:
http://www.tecnimed.it/images/Thermofocus/frost&Sullivan/TECNIMED%20Srl%20%20-%20Marketing%20Document.pdf
ASFX a distributor of thermofocus selling in Walgreens and Babies 'R' Us (online store)
and directly through KidzMed.com
cheers,
SJ
On the move upwards again. Keep this one locked and loaded!
cheers,
SJ
http://biz.yahoo.com/bw/081027/20081027005948.html?.v=1
American Scientific Resources Inc. Receives Additional Purchase Order from Largest Retail Toy and Baby Products Chain in the World
Monday October 27, 11:27 am ET
Thermofocus(R) 5-in-1 Non-Contact Thermometer is Now on the Shelves at Select Nationwide Stores
WESTON, Fla.--(BUSINESS WIRE)--Kidz-Med, Inc. (subsidiary of American Scientific Resources Inc. (Pink Sheets: ASFX)) is pleased to announce that they received an additional purchase order from the world's leading dedicated toy and baby products retailer for the Thermofocus® 5-in-1 non-contact thermometer. The thermometers are currently on the shelves at select retail stores nationwide. With new packaging, designed to provide consumers with an enticing offer, the order is expected to ship soon.
This world leading dedicated toy and baby products retailer sells merchandise through more than 1500 freestanding destination toy and baby specialty stores worldwide and through its Internet site. Nondisclosure agreements will not allow the name of this major retailer (now in the top 50 within the Forbes listed Reputation Institute Report) to currently be released.
Dr. Christopher F. Tirotta, CEO of American Scientific Resources, states, "The Thermofocus 5-in-1 has recently hit the shelves at a prime time in the season at one of the nation's leading baby retailers. With the cough and cold season upon us, and the holiday season quickly approaching, the additional purchase order justifies our expectations to see positive sales results."
The retailer will be able to purchase an unspecified amount of the Thermofocus thermometers from American Scientific Resources Inc. over an extended period of time without any changes in the price or the contract terms. As more financing is made available, American Scientific will be able to position itself to meet future purchase order requests.
"In order to cater to the needs of this specific retailer's customers, the packaging design differs from that of its counterpart in Walgreens. The exclusive combination, which includes the Thermofocus 5-in-1 and a free Kidz-Med medicine dispenser pacifier, is intended to encourage sales by offering two unique and innovative baby products, which are designed to make parents lives much easier," states Dr. Tirotta.
About Kidz-Med, Inc.
A division of American Scientific Resources, Inc., Kidz-Med, Inc. was founded in 1993 by Dr. Christopher F. Tirotta to create children's pre-operative educational videos "A Hospital Trip With Dr. Bip" and "Dr. Bip's New Baby Tips." Today, Kidz-Med, Inc. is leading the pediatric and children's health and safety products industry in innovation by providing the most revolutionary patented family-friendly products sourced from around the globe to help keep children safe and parents reassured. For additional information, visit www.kidzmed.com or the corporate web site, www.americansci.com.
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.
Contact:
Investor Relations
AudioStocks.com
Ronald Garner
Investor Hotline: 760-692-1167
[email protected]--------------------------------------------------------------------------------
Source: Kidz-Med, Inc.
All press releases can be found here:
http://www.americansci.com/cgi-bin/news.pl
Company is coming out fighting for a new life.
cheers,
SJ
Letter is back on website:
http://www.americansci.com/cgi-bin/news.pl?record=68
text follows:
CEO Letter
I would like to take this opportunity to update our valued shareholders on the progress at American Scientific Resources, Inc (ASFX).
As you may remember, the stock market started heading south around the turn of the year, and major news organizations also began bandying the word "recession." Wall Street has since become unglued, particularly over the past several weeks, and the word "recession" is being used more often than not. Despite the market turmoil, ASFX continues to push through economical obstacles and achieve progress. Outlined herein are my answers to questions that have risen recently, and are in no particular order of importance.
Current share structure. As of September 30, 2008, there are 242,739,928 shares outstanding, 118,228,466 restricted shares and 124,511,462 free trading shares.
Walgreens recent activity and projections. During Q3, nearly 2000 units were sold at Walgreens. Now that the cough /cold season is upon us, volume is expected to increase. During October, November and December of 2007, approximately 2400 units were sold. Due to increased awareness, numbers are expected to surpass that of winter 2007.
World leading dedicated toy and baby products retailer update. In late July, we secured an order for 834 Thermofocus units from this retailer. The products are currently on the shelves at 150 of their 250 nationwide stores just in time for two key selling seasons: cough/cold and the holidays. This past week, they placed an additional order for 2,100 units. Nondisclosure agreements will not allow the name of this major retailer (now in the top 50 within the Forbes listed Reputation Institute Report) to currently be released.
Mass Merchant/Chain Drug negotiations. Retailers set their planograms months in advance. Therefore, we will approach all of the major retailers at the ECRM show in February/March for the 2009/2010 cough/cold season.
Thermofocus Receives Prestigious Award. Tecnimed, the manufacturer of the Thermofocus, was bestowed the 2008 European Temperature Monitoring Devices Technology Innovation Award by Frost and Sullivan for its technological innovation in introducing the world's first non-contact thermometer, the Thermofocus.
No link to Costco. Kidz-Med has never claimed that their Kidz-Med Thermofocus 5-in-1 non- contact thermometer was in Costco. The Kidz-Med brand has never been sold at Costco. Another entity was able to place the product there, and we cannot confirm whether that model is or is no longer available at Costco.
Goals for Q4. As we've mentioned in a prior announcement, we are planning on adding a top European baby product called the mommy recorder to the Kidz-Med website (www.kidzmed.com). The Italian manufactured Mommy Recorder is a unique voice-recording device, which allows a mother to easily record a 6-second message designed to calm baby when he or she is upset. Baby's cry activates the message, and will then repeat itself 8 times in order to provide a soothing environment for the child. The mobile device easily mounts to the baby's crib, and duals as a soft night-light. Two educational DVD's will also be added to the product line, which focus on child health, safety and well-being. We have also broadened our online marketing focus to include social media marketing which is a current trend being adopted by most major businesses in order to gain enormous brand awareness in a particular target market. The no-cost strategy is designed to increase SE rankings and conversions.
People.com Features theThermofocus. A Time Inc. company, Celebrity-Babies.com,
who regularly features celebrity moms and dads such as Heidi Klum and Seal, Angelina Jolie and Brad Pitt, Jennifer Garner and Ben Affleck, featured the Thermofocus on October 20. To see the positive review, go to http://www.celebrity-babies.com/2008/10/kidz-meds-therm.html.
In addition to our feature at People.com/Celebritybabies.com, to our growing list of media mentions we add:
Bio Optics World http://bioopticsworld.com/display_article/339195/131/none/none/NEWSA/Noncontact-IR-thermometer-proves-accurate-in-pediatric-clinical-test
Louisville Courier Journal
http://www.courier-journal.com/apps/pbcs.dll/article?AID=2008809180328
Indianapolis Star
http://www.indystar.com/apps/pbcs.dll/article?AID=/20080923/LIVING01/809230312/1083/LIVING01
CafeMom
http://www.cafemom.com/dailybuzz/toddler/140/A_Kinder_Gentler_Thermometer
The Star Press
http://www.thestarpress.com/apps/pbcs.dll/article?AID=2008810140305
Please understand that as noteworthy events occur, ASFX will release announcements in a timely fashion, but not before an event has taken place. Since ASFX is waiting on other business relationships to complete actions, there are no other current facts to create news releases around; I have provided you with the most up to date news.
Hopefully this information provided you with a better sense of our current status. We sincerely thank you for your support and understanding.
Best wishes,
Christopher F. Tirotta, MD, MBA Chief Executive Officer and Chairman of the Board
American Scientific Resources, Inc.
cheers,
SJ
More exposure for the thermofocus thermometer!
http://finance.yahoo.com/news/Thermofocus-Thermometer-Gets-iw-14122723.html
Thermofocus Thermometer Gets Thumbs Up on Safety
Safety Mom, Alison Rhodes, Chooses Kidz-Med Product to Feature on Broadcast Segment
Thursday January 22, 2009, 2:15 am EST
Yahoo! Buzz Print Related:American Scientific Resources, Inc.
WESTON, FL--(MARKET WIRE)--Jan 22, 2009 -- Renowned national child safety expert, Alison Rhodes (The Safety Mom) has been featured in a broadcast segment on KTLA-TV, Los Angeles on Wednesday, January 21, 2009 as part of a continuing effort to raise awareness of safety in the home. As one of the country's leading child safety authorities, and founder of Safetymom.com (http://www.safetymom.com/), Ms. Rhodes is conducting a nationwide media tour promoting safety resolutions for 2009.
Kidz-Med Inc., a subsidiary of American Scientific Resources, Inc. (Other OTC:ASFX.PK - News), is excited to announce that the Kidz-Med Thermofocus 5-in-1 Non-Contact Thermometer was chosen for inclusion in her segment. (See http://www.ktla.com/landing_morningnews/?Safety-Mom=1&blockID=191521&feedID=176)
Alison Rhodes has previously been featured on numerous television segments discussing child safety, heath and wellness and the benefits of "going green" including ABC's "Good Morning America," NBC's "The Today Show," ABC "World News Tonight," "Court TV," Oxygen's "The Gayle King Show," PBS' "Keeping Kids Healthy," Discovery Health's "Runway Moms," NBC's "Open House," CNN and CNBC.
Each month her newsletter, The Safety Scoop, and her blog, The Safety Chronicles, reach thousands of moms.
"I wanted to provide families with product options that would make their lives safer and ultimately more enjoyable. The Thermofocus fits these criteria and then some!" says Ms. Rhodes.
KTLA is owned and operated by TRIBUNE, America's largest employee-owned media company, operating businesses in publishing, interactive and broadcasting.
Further accolades
Earlier this week, Tecnimed slr received the 2008 Frost & Sullivan Technology Innovation Award for East European Temperature Monitoring Devices. The Italian manufacturer of Thermofocus, Tecnimed says the product is perfect for children and adults. The temperature measurement is quick, precise, hygienic, and safe and can be done with complete comfort. Mr. Francesco Bellifemine, inventor of the Thermofocus, wishes to express his gratitude on behalf of the honor.
About Kidz-Med, Inc.
A division of American Scientific Resources, Inc., Kidz-Med, Inc., was founded in 1993 by Dr. Christopher F. Tirotta to create children's pre-operative educational videos "A Hospital Trip With Dr. Bip" and "Dr. Bip's New Baby Tips." Today, Kidz-Med, Inc. is leading the pediatric and children's health and safety products industry in innovation by providing the most revolutionary patented family-friendly products sourced from around the globe to help keep children safe and parents reassured. For additional information, visit www.kidzmed.com or, www.americansci.com.
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.
Contact:
Contact:
AudioStocks.com
Ronald Garner
Email Contact
Investor Hotline: 760-692-1167
Form 10 for Uplist to OTCBB any day now.
CFO told me that the Form 10 was in the hands of the lawyers for final review early last week. I'd expect the filing this coming week!
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001114605&owner=include&count=40
4Q financials should be out this week. When they hit, stock will rebound nicely back to .004 or higher.
Volume alert...
ASFX Swine flu news!!!
http://finance.yahoo.com/news/Safety-Product-Company-Sees-prnews-15504232.html?.v=1
and here is the updated chart look...
Check it out.......
this stock is going to fly soon ;)
Great Chart ;D
52wk Range: 0.01 - 0.29
Volume: 62,115,454
Avg Vol (3m): 659,559
Current Situation On ASFX
ASFX's current situation. Good info from another board.
(a) Barrington Ventures (BV Medical) had sold outside of their 'professional' agreement and sold units to QVC and Costco Online and Walmart. Their contract with Tecnimed states that if you breach the contract, you owe 50% of the proceeds to the person who had the rights.
(b) Exergen filed a patent infringement lawsuit
(c) KidzMedz filed a lawsuit against Technimed for breach of contract (because of BV Medical)
(d) The company was almost broke because Walgreens was withholding payment because of (c)
(e) the company had to issue 300+M shares into the float to pay its bills.
What has happened in the first quarter of 2009 since then is
(a) KidzMedz and Tecnimed have made up.
(b) ASFX has received payment from Walgreens and is bringing in about $50k a month from Walgreens and Babies-R-Us
(c) Babies-R-Us has ordered twice in large quantities and continues to order on a weekly/monthly basis.
(d) ASFX and Tecnimed are co-fighting the exergen suit
(e) There are 2 new board members. Some of us believe that Mr. Reznik is one of the note holders and has a seat on the board in order to steer the company toward higher profits.
(f) There was a shareholder meeting in New York
(g) there was public talk of uplisting in recent PR's
(h) Swine Flu - Huge orders online for Thermofocus from ASFX over the past 45 days.
Primarily due to the BV Medical thing that happened last year, the company had a hard time paying its bills. During the settlement it reached with Tecnimed, it was relieved from all penalties and interest that it owed Tecnimed for product. The court case has been posted on the board a few times. ASFX does owe Tecnimed about $1M and is currently paying Tecnimed up-front for the cost of thermometers and is giving them 50% of all profits in order to pay back inventory costs. I believe ASFX must have found some way to satisfy its creditors in order to keep in business, and has worked out a payment plan.
expect filing by June 30th. This company is real and not worthy of the crap that it is being dealt by Knight and others in the off-shore selling accounts.
I'm invested heavily. And I have confidence that this investment is and will be sound for the future.
Not trading... but investing.
cheers,
SJ
by the way... anyone who wants to argue the trading capablilities of this stock ought to have been paying attenion because a 4500% gain from $.0002 to $.014 is perfectly with in the realms of happening again.
$.0032 to $.05.... get ready for it.
cheers,
SJ
volume picking up again forshadowing a meteoric rise to target of $.05 from current start today of $.0023. This is not one to miss either as a trade or an investment.
cheers,
SJ
news link for ASFX and ToysRUs selling thermofocus...
This is HUGE retailer!!!
http://www.toysrus.com/product/index.jsp?productId=2664823&CAWELAID=107506854
Back on the rise!
lots of news for ASFX. New products. Sales. Revenues.
All incredibly positive.
This is a company to get in on the ground floor.
http://finance.yahoo.com/news/American-Scientific-Resources-prnews-3676221842.html?x=0&.v=1
http://finance.yahoo.com/news/StockPreachercom-Issues-pz-951302569.html?x=0&.v=2
http://finance.yahoo.com/news/American-Scientific-Resources-prnews-4085800776.html?x=0&.v=1
http://finance.yahoo.com/news/Beacon-Equity-Issues-pz-1608237453.html?x=0&.v=1
http://finance.yahoo.com/news/KidzMed-Inc-Receives-Large-prnews-2762834036.html?x=0&.v=1
http://finance.yahoo.com/news/KidzMed-Inc-Receives-FollowUp-prnews-126910627.html?x=0&.v=1
http://finance.yahoo.com/news/Dr-Christopher-F-Tirotta-to-prnews-1501683957.html?x=0&.v=1
http://finance.yahoo.com/news/National-Preparedness-Month-prnews-857788779.html?x=0&.v=1
http://finance.yahoo.com/news/American-Scientific-Resources-prnews-3521256417.html?x=0&.v=1
http://finance.yahoo.com/news/American-Scientific-Resources-prnews-478489914.html?x=0&.v=1
Cheers,
SJ
Currently at .012 and moving up on strong volume.
ASFX has gone from retail distributor to owner and manufacturer....
current consolidation at $.023 range on solid volume without news or pumping.
Next leg up to $.10.
cheers,
SJ
Thanks for the update!
let's rock and roll,
make some dough $$$ 8) ;) :D ;D
investment information
http://www.beaconequity.com/technical-trading-overview-for-american-scientific-resources-inc-asfx-2/
Technical Trading Overview for American Scientific Resources Inc. (ASFX)
Submitted by BeaconEquity.com on Wednesday, 18 November 2009No Comment
American Scientific Resources Inc. (OTC PK: ASFX)
American Scientific Resources Inc. (ASFX) engages in the acquisition of medical product lines and health care supplements that are successfully sold overseas, and introduce these products in North America. Its products include Heart Smart Foundation Formula, Kidz-Med Thermofocus 5-in-1, Ultrasonic Nebulizer, ScaldSafe Bath Thermometer, Children's Chewable 100% All Natural Multi Vitamin, Medicine Dispenser, Whistle WatchTM, Mommy Recorder, Dr. Bip's New Baby Tips DVD, A Hospital Trip with Dr. Bip DVD and Wee Target.
Its wholly owned subsidiaries include Kidz-Med Inc. and Heart Smart Systems. Additionally, the Company offers a patient-operated blood-sampling device called Autolet, which monitors blood glucose levels. The Company's distribution network includes retail pharmacies, medical suppliers, infomercials and the Internet.
The Company is headquartered in Weston, Florida.
Share Statistics (17-Nov-09)
FY
2007
FY
2008
%
Chg
Q3 2008
Q3 2009
%
Chg
Symbol
ASFX
Revenue, $Mn
n/a
n/a
n/a
n/a
n/a
n/a
Current price
$0.0231
Gross marg.
n/a
n/a
n/a
n/a
n/a
n/a
52wk Range:
$0.00-0.23
Oper. margin
n/a
n/a
n/a
n/a
n/a
n/a
Avg Vol (3m):
13,673,774
Net margin
n/a
n/a
n/a
n/a
n/a
n/a
Market Cap.
7.71M
Dil. Shares Outst.
n/a
EPS, $
n/a
n/a
n/a
n/a
n/a
n/a
Source: Reuters.com, SEC Filings.
Financial Summary
Financial Strength (17-Nov-2009) Company Industry Sector S&P 500
Quick Ratio (MRQ) n/a 1.55 2.56 0.83
Current Ratio (MRQ) n/a 1.90 3.06 0.98
Long-Term Debt to Equity(MRQ) n/a 215.73 26.98 131.04
Total Debt to Equity (MRQ) n/a 262.13 34.79 202.25
Source: Reuters.com, SEC Filings.
Analyst Consensus
No analyst rates shares of ASFX at this time.
Investment Highlights
Medical Device Market & Trend
The United States and Europe are the two largest markets of medical devices, with the United States ranking No. 1 at approximately $80 billion in 2005, according to research firm, Themedica.
Demographics of the U.S. and Europe reveal that approximately 25,000 individuals will turn 60 years old each day for the next 20 years. As the population of aged individuals grows, the demand for small medical devices is expected to be grow as well. Socialized medical systems of Europe and the present third-party payer system of Medicare will provide the industry financial stability over the long term.
A recent survey released in the first quarter of 2009 showed that 56% of medical device makers intend to increase spending through the next 12 months, 20% expect no change in procurements. Nearly one in three buyers of medical devices is actively seeking partnerships with suppliers to reduce costs and to stretch working capital.
Competition within the industry is rising, with more multinational companies expanding into each significant market throughout the world. Multinational market penetration, mergers, joint ventures and acquisitions are expected to increase over time. Larger device makers are exploring smaller developing markets to fund future growth in anticipation of rapid growth in the emerging market space. The recent announcement on September 28 that Aspect Medical Systems (NASDAQ: ASPM) accepted a tender offer of $210 million by Irish health care tech company Covidien is the most recent example of the expected trend toward M&A activity in the sector.
Company's Thermofocus(TM) Product
The Company's products are established money-makers, including Thermofocus, its lead product that has been proved to be as accurate as ear and rectal thermometers. The Thermofocus is state-of-the-art technology designed to record accurate temperatures without touching the skin. This seemingly negligible benefit provides an important feature to parents who can now monitor their sleeping children without awakening them. The Thermofocus can also gauge the temperature of baby formula and other inanimate objects.
The Disintegrator and Disintegrator Plus Products
On September 14, the Company announced the purchase of the intellectual property rights to the Disintegrator and Disintegrator Plus, the only Food and Drug Administrator (FDA) approved needle destruction device for home use, as well as approved by the Environmental Protection agency (EPA) and American Diabetes Association.
Except within the European Union, the rights for the Disintegrator and Disintegrator Plus were acquired from Safeguard Medical Technologies, including current contracts, future sales, and further development of the device.
In a news release, the Company stated it plans to launch the Disintegrator and Disintegrator Plus during the fourth quarter of 2009. By the close of 2009, the Company plans to ramp production to more than 25,000 units each month.
The Company also announced the appointment of Safeguard's chief executive officer Jason Roth to senior vice president and director of Business Development of the Company. Roth brings to the Company experience of launching multinational brands, which generated more than $300 million worldwide.
Technical Analysis
Source: http://stockcharts.com/h-sc/ui?s=ASFX
ASFX trades above its 13-day moving average. This bullish sign is significant because the 13-day moving average is sloped upwardly as well.
The MACD for ASFX currently indicates a bullish signal. The MACD is above the signal line, a 9-day moving average of the MACD. The MACD is, however, below the critical level of 0, which implies the past price action had been negative. Overall, the chart is bullish.
Comparative Analysis
Company Name
Ticker
Price per
Mrkt. Cap.
P/E
P/S
Nov-17-2009
symbol
Share, $
$ Mn
2009
2010
2009
2010
McKesson Corp.
MCK
64.30
17,230
20.76
13.51
0.16
n/a
Cardinal Health Inc.
CAH
31.46
11,300
13.14
14.37
0.11
n/a
PSS World Medical Inc.
PSSI
20.98
1,230
17.54
15.20
0.60
n/a
Owens & Minor Inc.
OMI
40.45
1,670
18.24
13.95
0.21
n/a
Medical Instruments Median
18.70
n/a
2.16
n/a
American Scientific Resources Inc.
ASFX
0.0231
7.71
n/a
n/a
8.80
n/a
Source: Thomson Financial
Insider Trading Activity
NET SHARES PURCHSE ACTIVITY
Inside Purchases - Last 6 Months
Shares
Transaction
Purchases
n/a
n/a
Sales
n/a
n/a
Net Shares Purchased (Sold)
n/a
n/a
Total Insider Shares Held
n/a
n/a
% Net Shares Purchased (Sold)
n/a
n/a
Net Institutional Purchases - Prior Qtr to Latest Qtr
Shares
Net Shares Purchased (Sold)
n/a
% Change in Institutional Shares Held
n/a
Source: Yahoo Finance
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