Quasar Aerospace Industries, Inc. CEO Announces Closing the First Two Acquisitions, and a Joint Venture With Tigerfish Aviation
January 15 2010 - 11:01AM
Marketwired
Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)
Dean Bradley, the CEO of Quasar Aerospace Industries, Inc., is
pleased to announce the closing of the first two of its
acquisitions. The companies were acquired with a combination of
cash and notes. Their identity will be disclosed in a future press
release after they have had an opportunity to inform all of their
customers and vendors of the change in control.
The Company has entered into an agreement with Tigerfish
Aviation Pty. Ltd. Of Australia to form a joint venture by forming
a US company tentatively to be named Tigerfish Aviation USA, Inc.
The ownership of this company will be 70% QASP and 30%
Tigerfish/Australia. QASP will make an initial investment in the US
company of $5,000,000 to move forward the development of the
Retractable Amphibious Pontoon Technology (RAPT). The CEO was in
Germany the third week of December and met with individuals from
ELAN-EDAG, a worldwide private engineering firm that is eager to
join us in taking the RAPT to the next level.
Last but not least the company made a substantial donation to
the Red Cross Disaster Relief Fund for the victims of the
devastating earthquake in Haiti. The CEO personally matched the
company's donation. We urge all of our shareholders to consider
helping the charity of their choice to whatever level they can
comfortably afford.
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@quasaraerospace.net 904-612-8485
Green Energy Enterprises (CE) (USOTC:GYOG)
Historical Stock Chart
From Apr 2024 to May 2024
Green Energy Enterprises (CE) (USOTC:GYOG)
Historical Stock Chart
From May 2023 to May 2024
