SOURCE: Quasar Aerospace Industries, Inc.

April 29, 2011 18:54 ET

Quasar Announces New Management

JACKSONVILLE, FL--(Marketwire - Apr 29, 2011) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) is pleased to announce they have appointed Joseph C. Canouse as their new President and CEO to head the company. Mr. Joshua Henderson will remain as the Chief Operating Officer and the company would like to thank him for his assistance during this transition period.

Mr. Canouse will focus on bringing value to all the shareholders by addressing several of the outstanding issues the company has in respect to its acquisitions, creditors, and ongoing operations. The company hopes to update its financials and reporting status shortly and will update its shareholders as developments dictate.

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


    Quasar Aerospace Industries, Inc.
    Joshua Henderson