SOURCE: Quasar Aerospace Industries, Inc.

August 24, 2010 18:54 ET

Quasar International Holdings, Inc., f/k/a Quasar Aerospace Industries, Inc. Announces Clarification of August 16, 2010 Press Release and Postponement of Annual Shareholder Meeting

JACKSONVILLE, FL--(Marketwire - August 24, 2010) -  Quasar International Holdings, Inc., f/k/a Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)

Quasar International Holdings, Inc. issues this press release to further clarify to shareholders the press release of August 16, 2010. Jeffrey Landreth has been hired as a consultant of QASP, advising management on the day-to-day operating activities of QASP, and not as CEO, an officer of the company or as a board member. Gene Johnson has also been hired to be a consultant for QASP, advising management on day-to-day financial matters of the company, and not as CFO, an officer of the company or a board member.

In order for these individuals to get completely up to speed and familiar with the QASP operations and to further develop the business plan going forward, the Quasar International Holdings, Inc. Annual Shareholders Meeting has been postponed. The meeting will be rescheduled in the near future.

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