SOURCE: Quasar Aerospace Industries, Inc.

June 16, 2009 11:56 ET

Quasar Aerospace Industries, Inc. Announces Its New Trading Symbol

JACKSONVILLE, FL--(Marketwire - June 16, 2009) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (PINKSHEETS: EQUR).

Quasar Aerospace Industries, Inc. is pleased to announce completion of its name change and the assignment of the new trading symbol by FINRA. This was done as the new name and symbol more accurately reflect Quasar Aerospace's business.

Tomorrow we will be updating the investment community on our continued plans for expansion. The Chief Executive Officer, Dean Bradley, said that the name and symbol change is an important component for our growing aerospace conglomerate. We will be updating our shareholders very shortly as we are working diligently towards another major acquisition.

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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