|By Marketwired .||
|May 30, 2014 11:40 AM EDT||
JACKSONVILLE, FL -- (Marketwired) -- 05/30/14 -- Quasar Aerospace Industries, Inc. (OTC Pink: QASP) (PINKSHEETS: QASP) ("Quasar" or "the Company")
Quasar Aerospace Industries, Inc.is pleased to announce it has retained an SEC and Corporate law firm as legal counsel to the Corporation. Given our plans for being a service provider in the Legal and Medical Marijuana Industry it was necessary to retain a firm of this stature to assist us with the challenges of that growth. The law firm is well versed in representing publicly traded companies in this industry and shall serve to aid the Corporation in remaining compliant with the SEC and other reporting agencies.
The firm is immediately tasked with drafting the definitive documents for the closing with the premier Colorado hydroponic and scientific grow supply store. The firm is establishing an escrow account for the final closing on our previously announced acquisition. The Corporation is currently on target for closing this acquisition and looks forward to its future growth and expansion in all aspects of its operations. Counsel will be assisting Quasar in navigating some of the problems other public companies have experienced in this sector.
The firm will also be tasked with filing the SEC Form 10 for the Corporation in its effort to become a fully reporting company. We currently anticipate completing this process no later than the end of the year. Upon closing of our acquisition we will retain an auditor as part of this process.
This will be another major milestone achieved for the Corporation which we believe will enhance our overall valuation and opportunities.
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.
Contact Quasar Aerospace Industries, Inc.
Telephone: (904) 207-6503
Email: [email protected]