SOURCE: Quasar Aerospace Industries, Inc.

July 17, 2012 09:15 ET

Quasar CEO Interviewed by

JACKSONVILLE, FL--(Marketwire - Jul 17, 2012) -  Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)

Quasar is pleased to announce announced that its CEO, Joseph Canouse, was interviewed by Justin-QuickDraw007 for Stock Legends Radio. The interview can be found by following this link, for the approximately 50 minute interview.

Mr. Canouse discusses his personal background and experience. He covers the investment opportunity of Quasar and the value factors he sees driving the vision that has guided the Corporation and why Quasar may be undervalued.

  • The growing demand for flight training driven by federally mandated retirements and expansion of air traffic in foreign countries.

  • The Corporation's application with Homeland Security to be part of the SEVIS Program ( which will allow Quasar to enroll foreign students for training.

  • The margins involved in a full program and the economies as the number of students grow.

  • An association with a not-for-profit college to bridge the funding gap for VA benefits.

  • Advantages of being a Cessna Pilot Center.

In addition, Mr. Canouse discusses the current litigation Quasar is involved in and the potential value to, and for, shareholders of this Corporation. The potential of any settlement could entail distribution to existing and past shareholders to be determined if and when the company was to reach resolution.

Quasar and its subsidiaries are involved in aviation and aviation related businesses. We are the only certified Cessna Pilot Center ( in Jacksonville, FL. Through our subsidiaries we are an FAA Part 141 flight school ( We offer flight training and accept VA benefits under the GI bill ( Our flight students also benefit from our onsite RedBird Full Motion Flight Simulator FMX1000 (

 Check us out on our web site ( and Facebook at: or look to schedule a student pilot experience flight through Groupon ( or Living Social (

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.

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