SOURCE: Quasar Aerospace Industries, Inc.

April 04, 2014 10:20 ET

Quasar's Corporate Update

JACKSONVILLE, FL--(Marketwired - Apr 4, 2014) -  Quasar Aerospace Industries, Inc. (OTC Pink: QASP) (PINKSHEETS: QASP) ("Quasar" or "the Company") is excited to announce that its meetings in the MJ market have been extremely successful. Quasar's President, Donnell J. Vigil met with several parties in the MJ industry and is engaged in ongoing negotiations to come to final terms. The parties involved have consented to the release of their business information but Quasar has elected to hold on disclosure to protect the privacy of these parties until final terms have been entered into and an LOI has been executed which should be in the near future. Quasar has numerous opportunities in this market and will ensure full compliance with all regulatory agencies and laws prior to finalization. The opportunities presented to Quasar consist of a MMJ dispensary, a MJ warehouse, a MJ edibles company and a recreational dispensary. The MMJ dispensary is located in a central location near Invesco field at Mile High and is one of city's top dispensaries and growth facilities.

Colorado's statewide medical marijuana program allows patients with qualifying, debilitating medical conditions to receive a registry ID card for legal access to medical marijuana. As of February 28, 2014, 251,376 new patient applications have been received to date since the registry began operating in June 2001 and 113,441 patients currently possess valid registry ID cards to purchase medical marijuana in Colorado. Due to the high demand store owners are concerned about shortages of cannabis and the manufacturing demand continues to increase. 

Quasar is determined to secure the best available opportunity for its shareholders and is exploring all sectors of this booming industry. Thereby, Quasar's President, Mrs. Vigil shall be attending the NoCo Hemp Expo on Saturday, April 5, 2014 in Windsor, Colorado. This event will feature speakers addressing topics on state and federal legislation, research and development, industrial hemp farming, processing, seed acquisitions, hemp as a medicine as well as hemp's history, present and future. 

The Corporation remains committed to building value for its shareholders. Quasar will continue to update as progress is made and looks forward to becoming part of the MJ industry for the long term. Quasar's President, Mrs. Vigil states, "Quasar's negotiations in the MJ industry have progressed significantly with my visit to Colorado. Although the specific details are not being released at this time, when this new venture is finalized the shareholders will be excited about the future of Quasar."

Quasar is avidly working on finalizing its annual financials which shall be current as soon as possible. 

Please feel free to contact Quasar by telephone or email at donnell@quasaraerospaceindustries.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 and seeks to enter into the MJ industry. 

Quasar's subsidiary A-Cent is SEVIS/SEVP certified to provide training to foreign students (http://studyinthestates.dhs.gov/assets/images/content/Certified_School_List_3-5-14.pdf) (http://www.ice.gov/sevis/). Quasar's flight schools 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). A-Cent offers flight training and accepts 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). 

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.

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