SOURCE: Quasar Aerospace Industries, Inc.
JACKSONVILLE, FL--(Marketwire - Oct 1, 2012) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)
Quasar's subsidiary, A-Cent Aviation, Inc., has executed a Memo of Understanding with Divine Academy of Gujarat, India to place students from India in flight training programs that will lead to certification as Commercial Pilots. The MOU will grant Divine Academy a limited exclusive to place students in our program subject to certain performance and compliance requirements.
The MOU is the first of many agreements under negotiation with recruiting agencies from around the world. It was executed in anticipation of A-Cent Aviation gaining approval of the recent SEVIS application filed with the Department of State. "We are very excited to have a partner in one of our key target markets who can help us accelerate and customize our program to place non-US students," exclaimed Joseph Canouse, CEO of Quasar, A-Cent's parent company.
The flight training programs offered by A-Cent will allow the students to fulfill the requirements for issuance of both US FAA and Indian DGCA licenses. Demand for flight training programs for foreign students in the US has been steadily increasing and is now at an all-time high. Overseas airlines are recruiting and hiring the majority of qualified pilot that applies.
The courses average seven (7) months in length with a cost of the flight training at approximately $59,000.00. A-Cent Aviation will provide a complete package which will include training, housing and transportation for the students during their time in the program. With flight training schools in both Jacksonville, FL and Colorado Springs, CO, A-Cent is in a perfect position to expand the programs to meet any demand.
Quasar and its subsidiaries are involved in aviation and aviation related businesses. We are the only certified Cessna Pilot Center (http://www.cessna.com/learn-to-fly.html) in Jacksonville, FL. Through our subsidiaries we are an FAA Part 141 flight school (www.faa.gov). We offer flight training and accept VA benefits under the GI bill (http://www.gibill.va.gov/). Our flight students also benefit from our onsite RedBird Full Motion Flight Simulator FMX1000 (http://www.redbirdflightsimulations.com).
Check us out on our web site (www.quasaraero.com) and Facebook at:http://www.facebook.com/pages/Quasar-Aerospace-Industries-Inc/146434125485747 or look to schedule a student pilot experience flight through Groupon (www.groupon.com) or Living Social (www.livingsocial.com).
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.