JACKSONVILLE, FL--(Marketwired - Mar 24, 2014) - Quasar Aerospace Industries, Inc. (OTC Pink: QASP) (PINKSHEETS: QASP) ("Quasar" or "the Company")
Quasar Aerospace Industries, Inc.'s wholly owned subsidiary, A-Cent Aviation, Inc., is pleased to announce their Student and Exchange Visitor Information System (SEVIS)/Student and Exchange Visitor Program (SEVP) is progressing. Quasar is currently expanding to other locations to increase the revenue potential that can be captured by training foreign students. This expansion includes a new location in Pennsylvania and South Florida. The Pennsylvania location is nearly finalized and the South Florida location will progress subsequent to the grand opening of the Pennsylvania location. The parties in South Florida merging with Quasar have a pipe line of students from South America that are currently waiting to train in the US. The potential revenues from this expansion will create value for its shareholders.
The Company remains committed to the two Binding Memorandums of Understanding with Divine Academy of Gujarat, India to place students from India and Wingspan International of Hong Kong to place students from China in Quasar's flight training programs that will lead to certifications as commercial pilots. These recruiters shall have the ability to place foreign students in any of the locations as each location becomes SEVIS approved.
Quasar has entered into an LOI for the acquisition of a Helicopter Flight School in the Northeast which has the potential to expand to all of Quasar's locations. This can truly capture the entire aviation training market and allow Quasar to meet the demand outside of fixed wing training. Quasar shall continue discussions regarding bringing in other aviation corporations.
Quasar is a Colorado corporation and it realizes the booming market in the MMJ arena. The Company's President, Donnell J. Vigil is originally from Colorado and has significant connections in this location. Quasar has been in ongoing discussions regarding entering the MMJ market and will be providing an update to the shareholders and investment community in the near future as events unfold.
Since the last quarterly filing for the period ended September 30, 2013, the Company has maintained operations and has continued to move forward with its business plan and discover new opportunities, including the MMJ industry. By maintaining its operations and its primary assets, the Company is not a shell as defined by federal securities law. Based on the amount of development and investments by the Company and its subsidiaries, Quasar's management believes that brining the filings current and bringing in new investments and developments is in the best interest of the Company and its shareholders. Therefore, Quasar's management is diligently working on bringing the filings current as quickly as possible to move forward with its development.
Please feel free to contact Quasar by telephone or email at email@example.com for information or investment opportunities. Quasar will continue to update our shareholders and the investment community as progress and details are ready to be released.
Quasar and its subsidiaries are involved in aviation and aviation related businesses. We are SEVIS/SEVP certified to provide training to foreign students. 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), Computer Assisted Testing Service (CATS) (http://www.catstest.com) and a Comira testing facility (http://www.comiratesting.com). We offer flight training and accept VA benefits under the GI bill (http://www.gibill.va.gov/). Atlantic Aviation, Inc. is a recipient of an AOPA Excellence Award for 2012 and recognized as one of the top 50 flight school in the country. (http://flighttraining.aopa.org/awardwinners/2012winners.html).
SEVIS (http://studyinthestates.dhs.gov/assets/images/content/Certified_School_List_3-5-14.pdf) (http://www.ice.gov/sevis/)
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.