QUASAR'S CORPORATE UPDATE
August 07 2014 - 11:35AM
InvestorsHub NewsWire
JACKSONVILLE, FL- August
7, 2014 - InvestorsHub Newswire - Quasar Aerospace Industries, Inc.
(OTC
Pink: QASP) (“Quasar” or “the Company”)
QUASAR’S CORPORATE UPDATE
Quasar Aerospace Industries, Inc. is
pleased to provide the following update to its shareholders and
investment community. Quasar is in the process of filing for
a name change and plans to change its ticker symbol to coincide
with its launch into the legal and medical marijuana
industry. This change comes at a defining moment within our
Company’s history as Quasar looks to become a nationwide leader
this industry.
Quasar’s management was unfortunately
faced with a decision to either conduct a reverse stock split or
increase its authorized shares. The Company has elected not
to do a reverse stock split but rather proceeded with increasing
the authorized shares. Quasar has been faced with having to
comply with note conversion on aged debt over a year old being
submitted for share issuances. The Company is obligated to
honor those valid notes and in doing so, it has caused Quasar to
have to increase its authorized shares as a necessity. The Company
has significantly decreased its debt liabilities with the
processing of these note conversions. All share issuances are
posted on OTC Markets in detail for the public to view and will
continue to do so. Quasar has not participated in any private
placements under Reg D since March of 2014.
Quasar is meeting with the Florida
Cannabis Coalition to form a relationship to further our
developments in Florida. It looks as though our expansion
plan is on track and we should be hitting the Florida marketplace
in the very near future. Further details related to this new
development will be announced as events unfold.
Hydro-Grow Supply, Inc. is moving forward
with its name change and this name will be released with the
introduction of our new e-commerce website.
Additionally, Quasar will be providing
additional details regarding its exclusive products lines and has
been presented with an opportunity regarding the development of a
new LED grow lighting system that is being created to hit the
marketplace. This is exciting news and we look forward to
this launch.
Please feel free to contact Quasar by telephone or email at
donnell@quasaraerospaceindustries.com for information
or investment opportunities. Quasar will continue to update our
shareholders and the investment community as progress and details
are ready to be released.
Quasar and its subsidiaries are involved
in aviation and aviation related businesses. We are SEVIS/SEVP
certified to provide training to foreign
students. We are the
only certified Cessna Pilot Center (http://www.cessna.com/learn-to-fly.html) in Jacksonville, FL. Through our subsidiaries
we are an FAA Part 141 flight school (www.faa.gov),
Computer Assisted Testing Service (CATS) (http://www.catstest.com) and a Comira testing facility (http://www.comiratesting.com).
We offer flight training and accept VA benefits under the GI bill
(http://www.gibill.va.gov/). Atlantic Aviation, Inc. is a recipient of an AOPA
Excellence Award for 2012 and recognized as one of the top 50
flight school in the country. (http://flighttraining.aopa.org/awardwinners/2012winners.html).
SEVIS (http://studyinthestates.dhs.gov/assets/images/content/Certified_School_List_3-5-14.pdf) (http://www.ice.gov/sevis/)
Check us out on our web site
(www.quasaraero.com) and Facebook at:http://www.facebook.com/pages/Quasar-Aerospace-Industries-Inc/146434125485747 .
Contact Quasar Aerospace Industries,
Inc.
Telephone: (904) 207-6503
Email: donnell@quasaraerospaceindustries.com
Website: www.quasaraero.com
Facebook: http://www.facebook.com/pages/Quasar-Aerospace-Industries-Inc/146434125485747
Twitter: https://twitter.com/quasaraero
https://twitter.com/QuasarCannabis
This press release contains
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements as a result of various factors, and
other risks. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and Quasar Aerospace
Industries, Inc. under take no obligation to update such
statements.
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