SOURCE: Quasar Aerospace Industries, Inc.

August 13, 2009 13:39 ET

Quasar Aerospace Industries, Inc. Announces Herlong Airport Facility Construction Agreement

JACKSONVILLE, FL--(Marketwire - August 13, 2009) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR).

Quasar Aerospace announced that the contracts for the Herlong Airport Project have been signed with the Project Manager/General Contractor, the Civil Engineering firm and the Architect.

The Company has selected the Dakota & Company of Jacksonville as the general contractor. This firm has been the developer and builder of several exceptional airport projects. Mr. Fred Dewitt, the company president, will oversee all engineering, design and construction for the maintenance hangar, office building and site development. Their website is www.dakotaandcompany.com. Dakota and Company has recently completed the Marco Airplane Hangar.

The civil engineering company selected for the project is Phillips Civil Engineering, and their website is www.phillipscivil.com. The architect the Company has chosen is Wharton Donaldson who is the Architect of record for the Marco Airplane Hangar and thus has a great working relationship with Dakota and Company.

The Company is extremely pleased with the planning done by these three firms, in providing the Company with the first truly Green development on any airport in the Jacksonville area. Amongst the Green Building Initiatives will be photovoltaic electric, radiant heating and a highly insulated building. All three of these companies are excited to work with the CEO of Quasar Aerospace, Dean Bradley, who spent many years in the development/construction industry and is totally satisfied with the professionalism shown by all three of these companies.

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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