Quasar's Developments With Hydro-Grow
June 30 2014 - 1:59PM
Marketwired
Quasar's Developments With Hydro-Grow
JACKSONVILLE, FL--(Marketwired - Jun 30, 2014) - Quasar
Aerospace Industries, Inc. (OTC Pink: QASP) (PINKSHEETS: QASP)
("Quasar" or "the Company")
Quasar Aerospace Industries,
Inc. previously announced that it entered into a Definitive
Agreement under which Quasar through its subsidiary, Green Energy
Investments, Inc. acquires Hydro-Grow Supply, Inc., a Colorado
based hydroponic grow store. The transaction provides a solid
platform to allow us to maximize the grow store's strength to
create a unique competitor in the marketplace with capabilities of
being a leading service provider to the legal and medical marijuana
industry nationwide.
Hydro-Grow possesses a
high-quality customer base, significant revenue, a large selection
of products, equipment and grow supplies. It also has the
ability to become the best-in-class nationwide hydroponic grow
store with expansion and growth being enabled by this
transaction. The grow store currently does little to no
advertising, therefore, Quasar is working on creating a new web
presence to significantly increase the marketing and sales being
generated by the grow store. Quasar is pursuing an E-Commerce
strategy with an expert in the field to see that our grow store is
able to increase its visibility as well as its revenues. The
grow store's website will provide an online shopping cart to avail
itself an additional method to sell grow supplies and equipment to
customers nationwide. As the E-Commerce strategy is put into place
details in reference to the projected increase in revenues will be
released to the public. Quasar is thrilled about being able to
be part of the legal and medical marijuana industry as
promised.
New developments in relation
to this acquisition continue to be pursued for implementation which
brings great excitement to the future of Quasar. Quasar will be
unleashing a branding to the marketplace to become a known name in
the industry at the same time capturing additional revenues through
the sale of branding merchandise. The merchandise will be
available to purchase in stores as well as online. Quasar is
aligning with grow specialists which will allow us to host Grow
Seminars throughout the nation. New developments are on the
horizon each day including talking to other providers in the legal
and medical marijuana industry. Quasar intends for its grow
stores to be one of the largest grow store operations in
nation. We want to be front runners and plan to capture the
marijuana industries business through dispensaries and all other
legal and registered growers for all their grow store supply and
equipment needs. We are entering the marijuana industry as it is
just beginning to expand throughout the country and we intend to be
a pinnacle service provider to the market. The grow store will
be adding new services to further increase its revenues such as
offering installation. Quasar is conducting a market analysis
and seeking out the best location to open its second grow store in
the near future. The inventory obtained with this acquisition
shall allow this to occur rapidly. Additionally, Quasar plans on
providing community out-reach programs to give back to the
community.
The acquisition is for one
hundred percent (100%) of the assets of Hydro-Grow for the sum of
two hundred and fifty thousand dollars ($250,000). Quasar
believes that this is an amazing opportunity wherein Quasar shall
retain full control and realize all the revenues generated by the
grow store and related ventures. Included in this acquisition
is approximately one hundred and sixty thousand ($160,000) worth of
inventory valued at cost as well as a 20ft. steel storage container
and all other tangible assets. Quasar believes this
acquisition will yield an above market return on investments
"as-is" but an even greater return as it implements a branding,
marketing and distribution strategy.
Quasar has put a manager in
place that is currently undergoing thirty (30) days of training at
the grow store to prepare for taking over the store
operation. In addition, contracts with vendors, suppliers, and
distributors are being finalized and all other pertinent contracts,
leases, licenses and agreements are being completed in preparation
for the change in ownership.
Quasar determined that
ownership of one hundred (100%) of the grow store became a
necessity as our business plan provides that the acquisition of a
grow store was our first step. All future developments will be
based on this ownership. The branding, second and future
stores and the creation of our cultivation centers nationwide,
Quasar needed to have full control to move forward without any
hindrance and to allow Quasar to recognize the revenues that will
be generated. Each future development is based on this initial
acquisition: the second store will utilize the resources, platform
and inventory provide by this acquisition; the branding will be
under our control and without any interference from a third party;
and the cultivation centers will utilize the inventory of the grow
store for its build out. In order to allow Quasar to grow
according to plan and maximize its revenues having majority
authority in all marketing, distribution, and developments could
not be overlooked.
An upcoming press release will
be issued with financial information for Hydro-Grow including
historical revenues and a final tally of assets
acquired. Until the new website is complete, photos of the
Hydro-Grow have been posted on Quasar's Facebook and Twitter
accounts and corporate updates will be posted through these sources
as well.
Quasar has filed its amended
first quarter financials with OTC Markets and has returned to Pink
current information status. We will update the public once an
auditor has been selected for moving forward with uplisting.
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. 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 schools 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: donnell@quasaraerospaceindustries.com Website:
www.quasaraero.com Facebook:
http://www.facebook.com/pages/Quasar-Aerospace-Industries-Inc/146434125485747
Twitter: https://twitter.com/quasaraero
https://twitter.com/QuasarCannabis
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