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American Scientific Resources Inc. Issues Corporate Update
Date:11/24/2009

2009 Q3 Financials, S-1 Registration Statement being Prepared by Leading Law Firm, New Transfer Agent, MEDICA 2009

WESTON, Fla., Nov. 24 /PRNewswire-FirstCall/ -- American Scientific Resources Inc. (Pink Sheets: ASFX) ("the Company") is pleased to make available a current corporate update.

Since filing 2007 and 2008 audited financials on Pinksheets recently, ASR has been diligent in accomplishing additional goals, which are all part of a long term business plan for the Company.

As part of this ongoing process, 2009 third quarter (unaudited) financials are available in full on www.Pinksheets.com.

ASR has engaged Sichenzia Ross Friedman Ference LLP (www.SRFF.com), a leading securities law firm, as corporate counsel. SRFF was established in 1999 to provide experienced, professional representation in all matters involving the securities industry, as well as in all general corporate and litigation matters. SRFF also has a nationally ranked PIPEs practice, and has been ranked number 1 in the country as the most active PIPE issuing law firm from 2004 through the present.

SRFF has begun preparing an S-1 Registration Statement on behalf of the Company to register the securities of the selling shareholders listed in the S-1. Additionally, upon effectiveness of the S-1, the Company will become a 1934 Act reporting company. As such, its common stock may be eligible for listing on the OTC Bulletin Board (OTCBB).

Gregory Sichenzia, Founding Partner of SRFF, commented, "SRFF works with numerous companies from private and public corporations to broker-dealers and investment advisors, and we are excited to represent American Scientific who is striving to become a fully reporting company and eventually have its common stock listed on the OTCBB. We have already begun preparing the S-1, and are looking forward to a long-lasting partnership with ASR and to be a part of the bright future that this promising company holds."

The Company has engaged Action Stock Transfer Corp. to act as its transfer agent.

Senior Management, including Dr. Chris Tirotta, CEO and Mr. Jason Roth, Senior VP, recently attended MEDICA, widely regarded as the premier global medical conference. The Company took the opportunity to engage regional distributors and evaluate potential new distribution channels, met with suppliers and contractors for its current product base and had further discussions on new proprietary products.

Dr. Tirotta commented, "The Company has been working for some time on multiple issues and initiatives. This is an exciting time for the Company and all of its shareholders as we take giant steps forward to becoming fully reporting and expanding our brands, which we hope will open doors to numerous opportunities."

About American Scientific Resources, Inc.

American Scientific Resources, Inc. is the parent company for wholly-owned subsidiary, Kidz-Med, Inc. The Company's objective is to create intellectual property, as well as to locate and acquire innovative health and safety products and to introduce and promote them to the North American and Global consumer and professional healthcare market. More information about the Company, including financial information, can be found on the ASFX web site at www.americansci.com. For product information please visit www.kidzmed.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
Ronald Garner
Investor Hotline:
619-293-0621

SOURCE American Scientific Resources, Inc.


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