Originally Posted by
atmgeek1
We would like to also update shareholders on the closing of our acquisitions. It is critical to do the
four acquisitions as a single transaction on a single day. Doing otherwise would lead to excessive
transactional fees and duplication of expenses. With the obvious complications of closing four
acquisitions at precisely the same time on the same day, we have to find a day and time that is
good for all parties and their support and legal teams. We will be soon choosing a day and time that
is acceptable to all concerned. While we tried to make all of this happen for Friday, August 28,
2009, it simply is not possible. We will provide an update when it is prudent.
These first four acquisitions of these well established aviation and aerospace related businesses will
add an estimated $150 million to Quasar's revenue and $33 million in EBITDA for the Company's
fiscal year 2010. The first group of acquisitions are only the beginnings of the Quasar Aerospace
conglomerate as we are actively pursuing other ventures within the aerospace industry.
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I'm not sure where the shrubber got his info that talked about 6 aquisitions, this press release only point to 4 to be closed on the same day???