|By Marketwired .||
|May 13, 2014 10:10 AM EDT||
JACKSONVILLE, FL -- (Marketwired) -- 05/13/14 -- Quasar Aerospace Industries, Inc. (OTC Pink: QASP) (PINKSHEETS: QASP) ("Quasar" or "the Company")
Quasar Aerospace Industries, Inc.'s would like to announce that deal with the premier Colorado hydroponic and scientific grow supply store is done. The grow store has executed a binding agreement with Quasar. The acquisition will be through Quasar's wholly owned subsidiary Green Energy Investments, Inc., a Colorado corporation. All that remains to be done is execution of definitive documents at closing and the security analysis by Director Liann Francisco. Quasar needs to be prepared for installation of a point of sale security system following closing which will ensure that all inventory that enters the grow store is accounted for and all inventory that exits the store is being properly recorded. This will allow Quasar to realize the actual revenue being generated by the grow store.
An alleged shareholder has reached out to Quasar's CEO, Donnell J. Vigil via electronic mail in an attempt to extort Quasar. Mrs. Vigil would like to make it avidly clear that Quasar will not succumb to extortion and no funds will be paid to the assailant's PayPal account as requested and the correspondence sent to Mrs. Vigil is being forwarded to the legal authorities. This individual claims to know the name and location of the target acquisition grow store. A demand was made for payment to keep this individual from releasing the assumed name and location of the grow store so bashers will not harass these parties. If Quasar does not pay this individual the name and location that is assumed to be grow store will be released so naysayers can attempt to prevent the deal from closing. As previously mentioned, the grow store being acquired is bond to the terms executed.
Donnell J. Vigil, CEO of Quasar, states, "I am working extremely hard to bring true long term value to Quasar's shareholders. It has not even been a month since the terms of acquisition were executed and we are now preparing for closing. Quasar will be entering the MJ industry and I committed and determined to see this happen as soon as reasonably possible. I will continue to conduct my fiduciary duty and see that everything is done properly and in compliance. I would like to add that not one active long term basher has called me. These individuals anonymously post on boards of public opinion false and inaccurate information. Yet, I do receive emails from some of these individuals asking me for private placement investment opportunities. This bewilders me and to now have someone attempting to extort Quasar so they do not release what they believe to be the name and location of the grow store is horrendous. I am truly at a loss of words other than to say, I will bring value to Quasar, I will succeed in entering the MJ industry, I will not be held back by falsehoods, I am open to communication and will disclose all that I can. I cannot wait to see Quasar prosper that those that had confidence in the reality of what is being built reap the benefits. Thank you to all the individuals who have reached out to me either by telephone or email or continue to be shareholders, I truly appreciate your support."
Quasar's shareholders' conference call had the largest number of participants to join a conference call since Mrs. Vigil has been with Quasar. If you did not get an opportunity to listen live to the call you may direct dial (712) 432-1219, then enter the Meeting ID 426-062-869#, # to listen to the recording.
Please feel free to contact Quasar by telephone or email at [email protected] 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.
Quasar Aerospace Industries, Inc.
Telephone: (904) 207-6503
Email: [email protected]