SOURCE: Quasar Aerospace Industries, Inc.

March 19, 2010 11:28 ET

Quasar Aerospace Industries, Inc. CEO Announces Acquisition of Herlong Airport Maintenance Company

JACKSONVILLE, FL--(Marketwire - March 19, 2010) -  Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) --

Dean Bradley, the CEO of Quasar Aerospace Industries, Inc. announces the acquisition of Corporate Air Repair, Inc. This deal will add a top of the line maintenance capability to our growing fleet of aircraft for both Atlantic Aviation and our other corporate aircraft.

Corporate Air Repair is the Southeast's premier location for King Air phase inspections and pilot recurrent training.

Corporate Air Repair offers complete general aviation maintenance, annuals, 100 hour and pre-purchase inspections, as well as antique aircraft restorations, and multi-engine and ATP instruction.

Corporate Air Repair is operated by highly qualified technicians with decades of experience, having airframe and power plant certificates with FAA inspection authorization. The staff is both knowledgeable and aviation enthusiasts. Corporate Air Repair takes extreme pride in their craft and stand behind their work.

Corporate Air Repair's prior owner is Kenneth Oddy, an aviation icon with over four decades of pilot and mechanical experience. Mr. Oddy has agreed to stay on and manage the facility for at least a year and possibly longer. Ken has been providing maintenance services based at Herlong Airport for over 15 years. A retired airline captain, Ken flies and repairs a legendary variety of aircraft. He currently holds several FAA licenses including Commercial Pilot's license, ATP, CFII, MEI (land and seaplane), A & P Mechanic, and IA. He has logged approximately twenty five thousand hours as a pilot.

Joshua Henderson, President and Chief Operating Officer of Atlantic Aviation, Inc., states that this is a major step forward in building a fully integrated pilot training academy here at Herlong Airport.

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 Quasar Aerospace Industries, Inc. undertakes no obligation to update such statements.

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