SOURCE: Quasar Aerospace Industries, Inc.

February 11, 2010 14:53 ET

Quasar Aerospace Industries, Inc. CEO Announces European Meeting on Tigerfish Joint Venture

JACKSONVILLE, FL--(Marketwire - February 11, 2010) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) - Dean Bradley, the CEO of Quasar Aerospace Industries, Inc. announces a meeting to be held in Hamburg, Germany from February 16th through the 19th. The interested parties from Australia, Europe and the US are holding day long meetings to chart the future course of the RAPT technology by Tigerfish USA, Inc. Quasar Aerospace Industries is hosting the meeting of aeronautical engineering experts from five countries. QASP's representatives will be Dean Bradley, James Ray, President and COO for Quasar Aircraft Corporation, and the CEO of one of our primary acquisitions.

Questions have arisen regarding the Class B shares to be issued on completion of the $350 million funding. Please be advised that said shares will be non-voting and will be restricted for a period of three (3) years.

There will be news blackout until Mr. Bradley returns from Germany the week of the 22nd of February.

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 Information