SOURCE: Quasar Aerospace Industries, Inc.

September 09, 2009 10:29 ET

Quasar Aerospace Industries, Inc. Announces Major Addition to Flight School

JACKSONVILLE, FL--(Marketwire - September 9, 2009) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR), announced that Atlantic Aviation has just completed the installation of a state of the art flight simulator. Joshua Henderson, President and Chief Flight Instructor for Atlantic, states that this major addition will greatly enhance our flight training operations, and facilitate the expansion of our flight training business. For more information on this great training aide please go to Redbird Flight Simulations, Inc.'s website at http://www.redbirdflight.com. Mr. Henderson suggests you go to media and view the video, it is quite amazing.

Dean Bradley, CEO of both Quasar Aerospace and Atlantic Aviation, states that we are pleased that our companies are in a strong enough cash position that expensive asset acquisitions like this can be made without resorting to debt financing in the tough credit markets we are all facing in these trying times.

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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