HOUSTON, TX - (Accesswire - October 10, 2013) - Hydrogen Future Corporation, formerly A5 Laboratories, Inc. (OTC:BB AFLB), announced today that it has entered into a Letter of Intent with American Security Resources Corporation (ARSC) to acquire its wholly owned subsidiary, Hydra Fuel Cell Corporation. The LOI calls for an all-stock transaction between the two corporations.
Closing of the transaction is dependent on Hydrogen Future arranging production financing for Hydra and the conclusion of a definitive exchange agreement between the two parties.
About Hydrogen Future Corporation
Hydrogen Future Corporation, formerly A5 Laboratories, Inc., (traded as 'AFLB'), is focused on building shareholder value by focusing on the acquisition and development of alternate energy products and services with an emphasis on hydrogen.
Safe Harbor Statement
The statements in this release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements may not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
Frank Neukomm or Bob Farr
713 – 465 – 1001