SOURCE: Quasar Aerospace Industries, Inc.

February 16, 2012 16:30 ET

Quasar to Host a Conference Call

JACKSONVILLE, FL--(Marketwire - Feb 16, 2012) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)

Quasar is pleased to announce its CEO, Joseph Canouse, has settled partial contributions and services with the company in exchange for shares in the Corporation. Furthermore, those shares were subsequently assigned to a non-profit corporation which Mr. Canouse created to primarily fund Veterans and active duty military members seeking careers and training in aviation. Details of the non-profit corporation will be released later.

The Corporation will also be hosting a conference call for shareholders and the investment community on Thursday, February 23, 2012 at 2:30 p.m. EST. For both U.S. and international callers to participate, dial +1 (712) 432-0900, then enter the participant access code, 497592#, when prompted. Participants are encouraged to access the call at least five minutes before it is to begin. A playback of the call will be available later at +1 (712) 432-0990.

Please submit any and all questions to ir@quasaraerospaceindustries.com so that we may address any specific questions at that time.

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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