SOURCE: Quasar Aerospace Industries, Inc.

November 21, 2011 17:01 ET

Quasar Corporate Update

JACKSONVILLE, FL--(Marketwire - Nov 21, 2011) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)

Quasar is pleased to provide this corporate update to its shareholders. The Corporation has decided to not reverse its stock pending the current litigation and other events.

The Corporation has completed the previously announced acquisition of A-Cent Aviation, Inc. located at the Colorado Springs Municipal Airport. As a certified FAA Part 141 Flight School, it is recognized as a leader in pilot training and aircraft sales.

In addition, Quasar is very proud to announce that it has been selected as an official Cessna Pilot Center in the North Florida Region. This designation and affiliation is a major milestone for the Corporation that provides access to Cessna's vendor relationships, advertising programs and most importantly the thousands of inquiries Cessna receives from prospective pilots. The Corporation will discuss this program and others in greater detail in a future release.

Quasar will continue to update our shareholders and the investment community as events unfold.

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