SOURCE: Quasar Aerospace Industries, Inc.

July 19, 2011 16:30 ET

Quasar Announces Corporate Action

JACKSONVILLE, FL--(Marketwire - Jul 19, 2011) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)

Quasar, its officers and directors, have taken action to preclude its former chairman, Mr. Dean Bradley, from voting or converting his preferred shares due to potential actions of fraud, self dealing and the release of inaccurate public statements to the public. The company has taken this action in order to protect the company and its shareholders from further harm. Upon concluding our own investigation, we reserve the right to cancel those shares and seek further damage.

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