SOURCE: Quasar Aerospace Industries, Inc.

November 01, 2011 16:20 ET

Corporate Update for Quasar Aerospace Industries, Inc.

JACKSONVILLE, FL--(Marketwire - Nov 1, 2011) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)

Quasar is pleased to announce that on October 12, 2011, Joseph C. Canouse, the acting CEO of the Corporation, acquired certain rights, claims and interests in NHS Health Solution, Inc. through an Agreement with Mr. James Owens. On the same date, Mr. Canouse and Mr. Owens assigned and transferred any and all rights and interests to the 442,500,000 common shares of NHSH warranted in said Agreement to Quasar. While Mr. Canouse and the Corporation believe the Agreement entered into is legal and binding, the Corporation may need to take legal action to secure such shares and to ultimately be successful in doing so.

We will continue to update our shareholders and the investment community as events unfold.

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

  • Contact:
    Quasar Aerospace Industries, Inc.
    (904) 378-3259