Quasar Aerospace Industries, Inc. CEO Dean Completes Personal Purchases and Resumes Company's Buy Back Program of Quasar Aerospa
November 02 2009 - 11:15AM
Marketwired
Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)
Dean Bradley, the CEO of Quasar Aerospace Industries, Inc., has
notified the company that he has completed his purchase of $50,000
of Quasar Aerospace Industries shares. This purchase was in
compliance with SEC Rule 10b-18 and the shares become restricted
under Rule 144.
The Company will now resume its Buy Back Program, and the Board
of Directors has authorized the officers to repurchase up to 20% of
the total outstanding shares. It has approved the repurchase of up
to $250,000 worth of stock for the first two weeks of November.
These shares will be retired to Treasury Stock and reduce the
number of outstanding shares of the company.
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.
Qasp-Info@equititrend.com 1-585-6988
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