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American Scientific Resources Announces Acting CFO Transition to Full-Time

WESTON, Fla., July 2 /PRNewswire-FirstCall/ -- American Scientific Resources, Inc. (Pink Sheets: ASFX), today announced that the Company's Acting CFO, Ms. Teresa McWilliams, will be dedicating herself full-time to the position and has resigned from her current position as CFO for Next One Interactive.

Ms. McWilliams has held various positions as Controller and Interim Chief Financial Officer. She possesses in-depth, practical knowledge in cash management, capital budgeting, financial reporting, tax and tax law; is heavily experienced in SEC reporting and Sarbanes-Oxley; and has successfully assisted in the financial structuring and restructuring and/or launch of multiple start-up companies including IPO's.

Also an entrepreneur, Ms. McWilliams has been a consultant to a variety of publicly and privately held companies and non-profit organizations and has maintained solid relationships within the financial community and with other executives, professionals, attorneys, auditors and tax specialists. Ms. McWilliams possesses a BS degree in both Accounting and Business Administration and is currently working toward an MBA with a concentration in Finance.

Dr. Christopher F. Tirotta, CEO for American Scientific Resources states, "By having Teresa McWilliams on board full-time as Acting CFO, we are excited to benefit from her guidance even more than we have been, thus enhancing the shareholder experience."

About American Scientific Resources, Inc.

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. Additional information about ASFX may be found 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.