SOURCE: Quasar Aerospace Industries, Inc.

April 22, 2009 14:59 ET

Quasar Aerospace Announces Design Firm for Herlong Airport Project

JACKSONVILLE, FL--(Marketwire - April 22, 2009) - Quasar Aerospace Industries, Inc. (PINKSHEETS: EQUR) is pleased to announce the engagement of the engineering/construction firm for their Herlong Airport facilities.

Dean Bradley, Quasar's CEO, is extremely happy with the company's choice of Dakota & Company, and its president Fred DeWitt, for both its design firm and construction management firm for its multi-million dollar flight center and corporate headquarters in Jacksonville, Florida. Dakota & Company therefore will be designing and overseeing construction of Quasar's flight center and corporate offices.

The project will include a 14,000 sq. ft. maintenance hangar and flight control office, a 7,500 sq. ft. administration and flight school building, and tie down facilities for 25 aircraft. The development will be sited on a 3.5 acre parcel to be leased from the Jacksonville Aviation Authority for a period of twenty years. Construction is anticipated to begin in the Fall of 2009.

Dakota & Company is a 21-year-old firm with expertise in the design and construction of state-of-the-art aircraft hangar facilities. For more information about the project, contact Dakota & Company at (904) 721-8288.

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 Equus Resources, Inc. and Quasar Aerospace Industries, Inc. undertake no obligation to update such statements.

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