SOURCE: Quasar International Holdings, Inc.

December 09, 2010 14:14 ET

Quasar International Holdings, Inc. Updates Shareholders.

JACKSONVILLE, FL--(Marketwire - December 9, 2010) - Quasar International Holdings, Inc. (PINKSHEETS: QASP) CEO, Jeff DiGenova, would like to inform all shareholders of the addition of the new company website: Two shareholders donated their time to develop this for the company and they are deeply thanked for the job well done. This new site features a blog that will be utilized to keep shareholders updated.

We continue to work with lenders and expect answers within the next week. Updates have been given from our attorneys and lenders that indicate answers and progress will be forthcoming in the upcoming week. It is understandable that shareholders want answers and as soon as we have results, they will be released. IR has received inquiries raising concerns of the many rumors flying around, but we will not address frivolous speculation. We have a plan that is workable and will continue to move forward.

Quasar's management is working to earn the trust of our shareholders. No shares have been sold, nor are we selling stock. There are absolutely no plans at this time to R/S or increase the A/S, and will continue working toward our goal of building a solid business with full transparency. Progress has been made over the last two and a half months, but there is still much to be done. To those that will stay with us, your support is greatly appreciated, and to those that have moved on, we offer nothing but best wishes.

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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