Quasar Aerospace Industries, Inc. CEO Announces Closing the First Two Acquisitions, and a Joint Venture With Tigerfish Aviation Pty. Ltd.
January 15, 2010: 11:01 AM ET
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.
Quasar Aerospace Industries, Inc.
We jumped to .03 ... backed off a hair, currently .029 11:30 AM EST
Holy crap, QASP did something REAL.
Whoda' thunk it?
how do i run so bad today? intel puts out ridiculous Q4 numbers and even sicker guidance and it just drops right off the bat. down ~.60...lmao just bet against me and you'll do well.
Morning ramblings ... Sure is quiet around here.
We do need some chatter.
I went to go buy a sweatshirt hoodie this weekend at an outlet - got 2 for 1 and supreme discount price, then went into a casino to eat the buffet. Afterward, I played $20 on a slot, stopped out at $14.96. Took that and went to a $1 machine. Got down to the last $1.96, so could only play $1. Didn't have any other ones with me. I popped two wilds (9x) and a double bar, so got $180 (missed $360). Like a good trader though, I cashed out, lol. Minor beans, but it was fun.
Not sure what I'm doing today, but will likely look at some charts.
Hope the Kwasp works out for you folks. Not sure about the reversal during the day, but who knows what will happen. Beware of the shrub.
Getting a better feel the longer I lurk over there and I know Bill is in rehab, but I am still heavily addicted ... ;) It's a psychological mind-meld for certain with occasional spurts of brilliance ...
Speaking of that addictive little venue ... KATX - Caught my attention on Shef's board, did some backtracking to try and get a feel for all the chatter and ended up reading the last 1000 posts or so ...
In a nut shell:
KATX- Follow the Sequence of recent major Events
1. KATX upgraded to Pink Sheet Current Information Status on Dec 24,2009
Attorney Letter with Respect to Current Information Status
2. Reduction of 2b from A/S and retiring all previous 504's on 01/14/2010
3. $5m financing with 50m restricted Shares on 01/15/2010
( VC type financing- No one will finance a Pink Sheet with restricted shares, so there is something that we don't know in the mix, which IMO is HUGE )
These three major events in the past 3 weeks IMO is a set up for some major events to transpire here.
They are literally siting on a gold mine :rolleyes:
I'm pretty well interested after reading through reams of material, links, what have you. The share reduction is ... remarkable.
Here's a bit more;
Sifting through the usual exuberance there are some pretty sharp individuals over there.
Geez - why didn't you read up on that one on thursday?!!! LOL.
That's the pattern I like! EOD thursday woulda been the bomb.
Now we wait, or get up early and put in a tiny tiny tiny tiny bit, provided it's moving up... otherwise, wait wait wait.