SOURCE: Quasar Aerospace Industries, Inc.

September 20, 2011 08:51 ET

Quasar Aerospace Industries, Inc. Conference Call Reminder and Corporate Update

JACKSONVILLE, FL--(Marketwire - Sep 20, 2011) - The Corporation (PINKSHEETS: QASP) would like to take this opportunity to invite you to a conference call we are hosting to discuss the acquisition of a FAA Part 141 Flight School. You can join the call on Tuesday, September 20, 2011 at 2:30 p.m. EDT. For both U.S. and international caller to participate, dial +1 (712) 432-0900, then enter the participant access code, 497592#, when prompted. Participants are encouraged to access the call at least five minutes before it is to begin. A playback of the call will be available later at +1 (712) 432-0990.

We also would like to take this opportunity to update you on the Corporation and respond to several inquiries from shareholders. First off, Quasar has been able to re-acquire the planes it owned at a value that it believes is accretive to the Corporation and vital to continue its business. The Corporation is in the process of accumulating and reviewing all financial information it can to present to its shareholders regarding the condition of the company and to update the public on OTCMarkets.com.

The Corporation has also complied with previous court orders by updating the court as we raise monies through share issuances. The current outstanding number of shares is 1,709,786,203. The Corporation has used the proceeds to acquire the aircraft and pay outstanding debts.

As Quasar is now focusing on building its business and opportunities around the flight school we believe the company is in a position to capture the unmet demand to train pilots and build shareholder value based on its current business plan.

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. under take no obligation to update such statements.

Contact Information

  • Contact:
    Quasar Aerospace Industries, Inc.
    (904) 378-3259