SOURCE: Quasar Aerospace Industries, Inc.

October 15, 2009 13:24 ET

Quasar Aerospace Industries, Inc. Announces the Acquisition of Two Additional Twin Engine Trainers for Atlantic Aviation

JACKSONVILLE, FL--(Marketwire - October 15, 2009) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) is pleased to be able to afford our shareholders the most recent additions to our flight school training aircraft.

We have purchased 1 Piper Seminole PA-44 for $87,500.00 and 1 Piper Arrow PA-28 for $84,500.00 in 2 separate transactions. Both airplanes are going to be put to immediate use at our Atlantic Aviation flight training facility at Herlong Airport where current and future students will have the opportunity to learn on these wonderful aircraft.

The Piper Seminole

Specifications (PA-44-180 Seminole)

Data from Airliners.net

General characteristics

-- Capacity: 3 passengers

-- Length: 27 ft 7.2 in (8.41 m)

-- Wingspan: 38 ft 8 in (11.77 m)

-- Height: 8 ft 6 in (2.59 m)

-- Wing area: 184 ft² (17.1 m²)

-- Empty weight: 2,360 lb (1,070 kg)

-- Max takeoff weight: 3,800 lb (1,723 kg)

-- Powerplant: 2 (opposite rotation)× Lycoming O-360-A1H6 air cooled, direct-drive, horizontally opposed 4 cylinder engines, 180 hp (135 kW) at Sea Level each

-- Propellers: 2-bladed, constant speed, fully feathering Hartzell HC-C2Y(K,R)-2 C[L]EUF with pitch controlled by oil/nitrogen pressure. propeller, 1 per engine

-- Maximum Ramp Weight: 3 816 lb (1,731 kg)

-- Fuel: 2 main nacelle tanks, each of 55 U.S. gallon capacity (110 U.S. Gal. total), 2 U.S. gallons unusable.

Performance

-- Maximum speed: 202 kt

-- Cruise speed: 155 kt

-- Range: 1,000 miles (1,630 km)

-- Service ceiling: 17,100 ft (5,213 m)

-- Rate of climb: 1,200 ft/min (366 m/min)

-- Wing loading: 21.1 lb/ft² (100.8 kg/m²)

-- Power/mass: 10.55 lb/hp (0.16 kW/kg)

-- Single Engine Service ceiling 3,800 ft

The Piper Arrow

General characteristics

-- Crew: one pilot

-- Capacity: three passengers

-- Length: 23.3 feet (7.16 m)

-- Wingspan: 30.0 feet (9.2 m)

-- Height: 7.3 feet (2.25 m)

-- Wing area: 160 sq ft (15.14 m²)

-- Airfoil: NACA 652-415

-- Empty weight: 1201 lb (544 kg)

-- Loaded weight: 2150 lb (975 kg)

-- Useful load: 949 lb (430 kg)

-- Max takeoff weight: 2150 lb (975 kg)

-- Powerplant: 1× Lycoming O-320-E2A Sensenich M74DM, 150 hp (113 kW)

-- Propeller diameter: 74 inches (1.9 m)

Performance

-- Maximum speed: 123 knots (142 mph, 230 km/h)

-- Cruise speed: 108 knots (124 mph (200 km/h), 201 km/h)

-- Stall speed: 47 knots (54 mph, 87 km/h)

-- Range: 465 nm (535 sm, 867 km)

-- Service ceiling: 14,300 feet (4400 m)

-- Rate of climb: 660 ft/min (3.4 m/s)

-- Wing loading: 13.4 lb/sq ft (64.4 kg/sq m)

-- Power/mass: 14.3 lb/hp (0.116 kW/kg)

Quasar is obviously making great strides towards fulfilling our business plan and the additions of these aircraft coupled with the recent purchases of our flight simulators will enable Atlantic Aviation to aggressively pursue many new students and become ready for the expansion to our facility to be completed hopefully in Spring 2010.

As we are aware that the 6 acquisitions are also at the forefront of our shareholders minds based on the amount of phone calls and emails received. We do want to advise that we are rapidly progressing on these fronts and there will be updates forthcoming as appropriate.

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. under take no obligation to update such statements.

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