American Security Resources Corp. (ARSC) provided a preliminary timeline for the merger of Hydra Fuel Cell Corp. with iVoice, Inc..
Frank Neukomm, CEO of ARSC, stated, “With the filing of their information statement with the SEC late last week, IVOI has started the clock for the merger with Hydra. There is a minimum 10 day waiting period at the SEC followed by a 30 day period dictated by IVOI’s by-laws. At the end of that period the merger can complete as soon as Hydra completes its financial audits for the years 2009 and 2010. Our auditors are working on those now.”