Quasar Closes Acquisition of Hydroponic Grow Store
July 17 2014 - 12:00PM
Access Wire
Jacksonville, FL / ACCESSWIRE / July 17, 2014 / Quasar Aerospace
Industries, Inc. (OTC Pink: QASP) ("Quasar" or "the
Company") is thrilled to announce that it closed on the
acquisition of Hydro-Grow Supply, Inc. on July 16, 2014 through its
subsidiary, Green Energy Investments, Inc. At closing,
Hydro-Grow's final inventory at cost was valued at One Hundred,
Sixty-Nine Thousand, Three Hundred, and Forty-Eight Dollars
($169,348) with an approximate retail exit value of Three Hundred,
Twenty-Five Thousand, Seven Hundred, and Seventy-Eight Dollars
($325,778). The assets of Hydro-Grow totaled approximately One
Hundred and Ninety-Two Thousand, Seven Hundred, and Ninety-Seven
Dollars ($192,797). Hydro-Grow currently services
dispensaries, growers and the public and has a loyal customer base.
Hydro-Grow's new staff is driven to increase revenues and has been
in contact with additional dispensaries and growers to obtain their
contracts.
Quasar is proud to be a part of the growing billion dollar
hydroponic retail market. Hydroponics is a market that is
continually growing and will be expanding throughout the country
and Quasar intends to expand with the market nationwide. This
is a milestone for Quasar and establishes the determination and
dedication that Quasar's management has to succeed in the legal and
medical marijuana industry. This is the first step of Quasar's
plan and only the beginning of strides being made. News is
hitting Florida about Quasar and Florida Times Union reached out to
Quasar's CEO, Donnell J. Vigil for an interview which can be
accessed at
http://members.jacksonville.com/news/metro/2014-07-08/story/working-first-coast-quasar-aeronautics-landing-marijuana-support.
The store has a point of sale security system implemented which
will allow Quasar to remotely view and control the store
front. All products, equipment and supplies are being tracked
by its respective UPC and provide a convenient checkout
method. Quasar has begun its revamping of the store front to
maximize the stores efficiency and optimize its appearance. In
addition, we have increased Hydro-Grow's days of operation and the
store will now be open seven (7) days a week. We want to
ensure that Hydro-Grow is open and available to the dispensaries,
growers and the public every day. We are increasing and
expanding the services being provided by the grow store to include
installation and repairs.
Quasar has been in discussions with grow supply distributors and
is determining the best loyalty program for our initial and
subsequent grow stores. This type of partnership with a grow supply
distributor will provide great benefits to the grow store,
including, but not limited to, industry support, training, store
front displays and additional discounts on supplies, equipment and
products.
We are actively moving forward with our plans for creating a
national brand and getting our new website up and rolling.
Quasar's CEO, Donnell J. Vigil is still in Colorado and will be
returning to Florida to finalize the selection of an auditor to
proceed with uplisting. Our counsel is prepared to file a Form
10, once the audit it completed.
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
or look to schedule a student pilot experience flight through
Groupon (www.groupon.com) or Living Social (www.livingsocial.com
).
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.
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
SOURCE: Quasar Aerospace Industries,
Inc.