Quasar Applies to Meet Demand for Foreign Students
April 11 2012 - 8:45AM
Marketwired
Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)
Quasar Aerospace Industries, Inc.'s subsidiary, A-Cent Aviation,
Inc., is pleased to announce they have filed their SEVIS
application. This will allow the Corporation to execute a key
component of its business plan by capturing the strong demand for
aviation training from other countries.
The demand for pilot training remains extremely strong and is
fueled by many factors, including:
- The rapid growth of travel in Asia, which is on track to
surpass North America as the largest air travel market in the
world;
- A wave of pilot retirements in the USA;
- Proposed changes to rules that could increase the time pilots
must train, rest and work; and
- Increasing demand for air travel within the USA as the economy
improves.
The Corporation estimates the flight training component alone at
an average of $55,000 with margins of approximately thirty-five
percent (35%). The Corporation is currently able to train a minimum
of 100 students a year in Jacksonville alone and will make any
necessary adjustments if demand warrants it.
The Student and Exchange Visitor Information
System (SEVIS) is a web-accessible
database used by the Department of Homeland Security to collect,
track and monitor information regarding exchange visitors,
international students and scholars who enter the United States on
F, M or J Visas. SEVIS is managed by the Student and Exchange
Visitor Program (SEVP) within US Immigration and Customs
Enforcement.
Quasar's flight schools in Jacksonville, Florida and Colorado
Springs, Colorado will benefit greatly from the ability to capture
this demand. It is estimated that the application process will be
completed in a four to six month period before approval by the
Department of State.
We will continue to update our shareholders and the investment
community as events unfold.
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.
ir@quasaraerospaceindustries.com (904) 378-3259
Green Energy Enterprises (CE) (USOTC:GYOG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Green Energy Enterprises (CE) (USOTC:GYOG)
Historical Stock Chart
From Apr 2023 to Apr 2024