Quasar Aerospace Industries, Inc. Announces the Start of Its Stock Buy Back Plan and the Acquisition of Its First Twin Engine Trainer for Atlantic Aviation
Last Tuesday Quasar Held a Critical Meeting Regarding Two of Its Acquisition Candidates and Completed a Definitive Acquisition Agreement
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JACKSONVILLE, FL–(Marketwire – Sep 28, 2009) – Quasar Aerospace Industries, Inc.
(PINKSHEETS: QASP) is gratified to make known the begin of the previously
announced Stock Buy Back Plan on Monday, Sep 28, 2009. The company
was behind for a couple of days since the initial bank could not open a
securities trade comment for Quasar in a timely basis. Fortunately
Deutsche Bank in San Francisco and NYC came to the rescue. We received
final capitulation on Thursday afternoon and will be starting today.
On Tuesday of final week a vicious assembly was hold per the recently
announced acquisitions. Quasar Aerospace Industries CEO, Dean Bradley, and
Senior Vice President for Administration, Lisa Betros, were in Kansas with
the government team for dual of the acquisitions along with the authorised teams for
those companies. Also in attendance were attorneys for Quasar entrance in from
Seattle and Philadelphia. In this array of meetings we were means to
complete the Definitive Acquisition Agreements, the practice contracts
for key employees, and the inducement skeleton for the employees of the
subsidiaries. Also discussed was a brand new event which will potentially
become partial of Quasar Aerospace Industries.
On Monday, Sep 21, 2009 government team from the unconditionally owned subsidiary,
Atlantic Aviation, took smoothness of a primitive Piper Seminole for $89,000,
which is an glorious matching tiwn engine trainer. Atlantic Aviation President and
Chief Flight Instructor, Joshua Henderson, and Atlantic Aviation’s Director
of Aircraft Maintenance, Raymond Frez, raved about the craft after their
cross nation moody with the aircraft. In the benefaction mercantile environment
now is an preferred time to be adding to the fleet.
We have been asked what Redbird simulator we purchased and commissioned at the
Herlong Airport, it is their FMX Model. We have been gratified to make known which we
purchased this tip of the line section for $80,000. We have been so gratified with it
that we have right away systematic a second matching unit.
The association is on lane to govern the commercial operation plan. The government team
is operative diligently to finish the initial 4 acquisitions, and will
then ensue on dual some-more acquisitions before long thereafter.
This press recover contains “forward-looking statements” inside of the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as nice and such forward-looking
statements have been done pursuant to the protected bay supplies of the Private
Securities Litigation Reform Act of 1995. You have been cautioned which such
statements have been theme to a crowd of risks and uncertainties which could
cause destiny circumstances, events, or formula to talk about materially from
those projected in the forward-looking statements as a outcome of various
factors, and alternative risks. You should cruise these factors in evaluating
the forward-looking statements enclosed herein, and not place undue
reliance on such statements. The forward-looking statements in this release
are done as of the date hereof and Equus Resources, Inc. and Quasar
Aerospace Industries, Inc. underneath take no requisite to refurbish such
statements
