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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 13pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">U.S. SECURITIES AND EXCHANGE
COMMISSION</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">WASHINGTON, D.C.
20549</font></font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">________________________________________________________________________</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">CURRENT REPORT</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of
Report (Date of Earliest Event Reported):&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"> July 11,
2008</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AMERICAN SECURITY RESOURCES
CORPORATION</font></font></div>
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Kahuna Network Security Inc.)</font></div>
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Computer Automation Systems, Inc.)</font></div>
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Name of Registrant as Specified in Charter)</font></div>
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              <td align="left" valign="bottom" width="27%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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              <td align="left" valign="bottom" width="4%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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220</font></font></div>
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77024</font></font></div>
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of principal executive offices including zip code)</font></div>
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telephone number, including area code)</font></div>
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name or former address, if changed since last report: Not
Applicable</font></div>
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appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:</font></div>
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      communications pursuant to Rule&#160;425 under the Securities Act (17 CFR
      230.425)</font></div>
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      material pursuant to Rule&#160;14a-12 under the Exchange Act (17 CFR
      240.14a- 12)</font></div>
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              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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              <td align="left" valign="bottom" width="84%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: wingdings">o</font></div>
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              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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      communications pursuant to Rule&#160;14d-2(b) under the Exchange Act (17
      CFR 240.14d-2(b))</font></div>
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            <tr>
              <td align="left" valign="top" width="3%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
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              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="bottom" width="84%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            </tr>
            <tr>
              <td align="left" valign="top" width="3%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: wingdings">o</font></div>
              </td>
              <td align="left" valign="bottom" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="bottom" width="84%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Pre-commencement
      communications pursuant to Rule&#160;13e-4(c) under the Exchange Act (17
      CFR 240.13e-4(c))</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Item
7.01 Regulation FD Disclosure.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Comments
at the 2008 Shareholders&#8217; Meeting of American Security Resources Corporation
from Frank Neukomm, Chairman of the Board and Chief Executive
Officer</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Greetings
and thank you for coming.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In late
October 2005 we acquired intellectual property in the form of provisional
patents, design and business plans of eGO Design Inc. in Portland, Oregon. Those
became our Hydra Fuel Cell subsidiary.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In two
years time Hydra, led by Jim Twedt, CEO, and Ben Schafer, CTO, and their
talented staff delivered a working Beta prototype fuel cell system to a house in
Seabrook, Texas and took the house off the grid, supplying all of its electrical
demand with hydrogen generated electricity from our HydraStax&#174; fuel cells. This
successful demonstration and subsequent Beta demonstrations in Miami, Florida,
in December 2007 and February 2008, led to a series of purchase orders and
dealer sign-ups generated by Hydra&#8217;s very energetic distributor, Ken Detko, of
Conexa Products.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">From what
was learned from the real world Beta tests the initial commercial unit design
has been finalized. The current design is &#188; the size of the initial Beta unit
and has approximately 5 times the output.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We expect
production to start next month with units available for delivery in Fall of this
year. From the first production run a unit will be sent to the certifying
agency, CSA-International, for them to complete their process. That process is
expected to take less than 60 days from the time they receive the commercial
version of the fuel cell.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
believe that the development of the HydraStax&#174; hydrogen fuel cell system from
idea to beta and to market in less than three years is an unprecedented
accomplishment in the hydrogen fuel cell business.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">During
the process of developing the HydraStax&#174; fuel cell, the continuing question has
been: Where are we going to find hydrogen inexpensive enough to generate
electricity that is competitive with the grid?</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In his
quest to answer that question, Mr. Schafer discovered pioneering research in
electro-catalysts being done by Dr. Gerardine Botte at Ohio University that held
the promise of producing &#8220;cheap&#8221; hydrogen from ammonia. After discussions at
scientific meetings, we signed a Letter of Intent with Ohio U to perform
experiments designed to prove the scalability of Dr. Botte&#8217;s &#8220;ammonia catalytic
electrolyzer&#8221;. The successful completion of those tests led to the negotiations
that led to Ohio University granting a worldwide exclusive license to
commercialize that technology to our subsidiary, American Hydrogen Corporation,
which is led by Ben Schafer.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
Schafer and his staff at Ohio University&#8217;s Innovation Center are working to
create commercial units of the ACE technology scaled to the HydraStax&#174; fuel
cell. AHC is also in various stages discussions and negotiations for joint
development and potential licensing opportunities that will lead to large
industrial ACE units and waste to energy systems. These discussions are with
domestic manufacturers, electric utilities and international natural resource
companies.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">When OU
granted AHC the license a local community development agency in the Athens, Ohio
area presented AHC the opportunity to occupy a new light manufacturing site in
Meigs County on favorable terms to AHC. Though not immediately ready for this
type of space the expectation is that we will be able to fully utilize the
facility within a year for ACE production and fuel cell integration. The people
and agencies of southeastern Ohio have been very supportive and generous in
their offerings of training and services to make AHC and the ACE technology a
success.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We have
filed seven patent applications covering some of the science of the fuel cell
and have received preliminary notice of allowance of claims on some of them. We
expect that they will all be granted in due course and that we will make
additional patent filings to cover additional scientific and design advances on
all of our activities.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">American
Security Resources Corporation has achieved all of this even while fighting a
specious patent infringement lawsuit that was brought against Hydra two years
ago and has been extremely expensive to fight and dilutive of management&#8217;s time.
Today the plaintiff has been defeated and has asked to withdraw the suit. We
have asked for our costs which are miniscule compared to our legal fees and
expect some redress there. The Federal Magistrate has not entered his final
ruling on the dismissal.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
believe the motivation for this suit was to use the courts to prevent a nimble
competitor with superior technology from getting to market. We are still
examining what other remedies we may have under law.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In other
activities we have been trying with out success at this time to finance the
acquisition of vertical axis wind turbine technology which is scaled to the
small commercial and residential market which is our primary market. We continue
to pursue financing options to close this acquisition and are always interested
in new technologies that would fit with our clean energy portfolio.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">We
believe we are at the threshold of the clean energy future and that your company
will be a major part of curing America&#8217;s &#8220;oil addiction&#8221;.</font></div>
        <div style="DISPLAY: block; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt"><br></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 11.4pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Thank
you.</font></div>
      </div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt" align="left">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 13.7pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: center" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">SIGNATURES</font></font></div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 36pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
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                <td align="left" valign="top" width="33%">&#160;</td>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                <td align="left" valign="top" width="44%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">AMERICAN SECURITY RESOURCES
      CORPORATION</font></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Date:
      July 24, 2008</font></div>
                </td>
                <td align="left" valign="top" width="44%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:
      <font style="DISPLAY: inline; TEXT-DECORATION: underline">/s/&#160;Frank
      Neukomm&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font>&#160;</font></div>
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;&#160;&#160;&#160;
      Frank Neukomm, CEO</font></div>
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form8k.htm
U.S. SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C.
20549
FORM 8-K
________________________________________________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of
Report (Date of Earliest Event Reported):
July 11,
2008
AMERICAN SECURITY RESOURCES
CORPORATION
(Formerly
Kahuna Network Security Inc.)
(Formerly
Computer Automation Systems, Inc.)
(Exact
Name of Registrant as Specified in Charter)
Nevada
000-27419
75-2749166
(State
      of organization)
(Commission
      File Number)
(IRS
      Employer Identification No.)
9601 Katy Freeway, Suite
220
Houston, Texas,
77024
(Address
of principal executive offices including zip code)
713-465-1001
(Registrant's
telephone number, including area code)
Former
name or former address, if changed since last report: Not
Applicable
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
o
Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a- 12)
o
Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17
      CFR 240.14d-2(b))
o
Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17
      CFR 240.13e-4(c))
Item
7.01 Regulation FD Disclosure.
Comments
at the 2008 Shareholders' Meeting of American Security Resources Corporation
from Frank Neukomm, Chairman of the Board and Chief Executive
Officer
Greetings
and thank you for coming.
In late
October 2005 we acquired intellectual property in the form of provisional
patents, design and business plans of eGO Design Inc. in Portland, Oregon. Those
became our Hydra Fuel Cell subsidiary.
In two
years time Hydra, led by Jim Twedt, CEO, and Ben Schafer, CTO, and their
talented staff delivered a working Beta prototype fuel cell system to a house in
Seabrook, Texas and took the house off the grid, supplying all of its electrical
demand with hydrogen generated electricity from our HydraStax® fuel cells. This
successful demonstration and subsequent Beta demonstrations in Miami, Florida,
in December 2007 and February 2008, led to a series of purchase orders and
dealer sign-ups generated by Hydra's very energetic distributor, Ken Detko, of
Conexa Products.
From what
was learned from the real world Beta tests the initial commercial unit design
has been finalized. The current design is ¼ the size of the initial Beta unit
and has approximately 5 times the output.
We expect
production to start next month with units available for delivery in Fall of this
year. From the first production run a unit will be sent to the certifying
agency, CSA-International, for them to complete their process. That process is
expected to take less than 60 days from the time they receive the commercial
version of the fuel cell.
We
believe that the development of the HydraStax® hydrogen fuel cell system from
idea to beta and to market in less than three years is an unprecedented
accomplishment in the hydrogen fuel cell business.
During
the process of developing the HydraStax® fuel cell, the continuing question has
been: Where are we going to find hydrogen inexpensive enough to generate
electricity that is competitive with the grid?
In his
quest to answer that question, Mr. Schafer discovered pioneering research in
electro-catalysts being done by Dr. Gerardine Botte at Ohio University that held
the promise of producing "cheap" hydrogen from ammonia. After discussions at
scientific meetings, we signed a Letter of Intent with Ohio U to perform
experiments designed to prove the scalability of Dr. Botte's "ammonia catalytic
electrolyzer". The successful completion of those tests led to the negotiations
that led to Ohio University granting a worldwide exclusive license to
commercialize that technology to our subsidiary, American Hydrogen Corporation,
which is led by Ben Schafer.
Mr.
Schafer and his staff at Ohio University's Innovation Center are working to
create commercial units of the ACE technology scaled to the HydraStax® fuel
cell. AHC is also in various stages discussions and negotiations for joint
development and potential licensing opportunities that will lead to large
industrial ACE units and waste to energy systems. These discussions are with
domestic manufacturers, electric utilities and international natural resource
companies.
When OU
granted AHC the license a local community development agency in the Athens, Ohio
area presented AHC the opportunity to occupy a new light manufacturing site in
Meigs County on favorable terms to AHC. Though not immediately ready for this
type of space the expectation is that we will be able to fully utilize the
facility within a year for ACE production and fuel cell integration. The people
and agencies of southeastern Ohio have been very supportive and generous in
their offerings of training and services to make AHC and the ACE technology a
success.
We have
filed seven patent applications covering some of the science of the fuel cell
and have received preliminary notice of allowance of claims on some of them. We
expect that they will all be granted in due course and that we will make
additional patent filings to cover additional scientific and design advances on
all of our activities.
American
Security Resources Corporation has achieved all of this even while fighting a
specious patent infringement lawsuit that was brought against Hydra two years
ago and has been extremely expensive to fight and dilutive of management's time.
Today the plaintiff has been defeated and has asked to withdraw the suit. We
have asked for our costs which are miniscule compared to our legal fees and
expect some redress there. The Federal Magistrate has not entered his final
ruling on the dismissal.
We
believe the motivation for this suit was to use the courts to prevent a nimble
competitor with superior technology from getting to market. We are still
examining what other remedies we may have under law.
In other
activities we have been trying with out success at this time to finance the
acquisition of vertical axis wind turbine technology which is scaled to the
small commercial and residential market which is our primary market. We continue
to pursue financing options to close this acquisition and are always interested
in new technologies that would fit with our clean energy portfolio.
We
believe we are at the threshold of the clean energy future and that your company
will be a major part of curing America's "oil addiction".
Thank
you.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
AMERICAN SECURITY RESOURCES
      CORPORATION
Date:
      July 24, 2008
By:
/s/ Frank
      Neukomm
Frank Neukomm, CEO