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Share Structure: Authorized Shares: 750,000,000 as of March 7 2009 Outstanding Shares: 319,836,491 as of September 8 Preferred Shares Authorized: 50,000,000 as of March 7 2009 (None Issued as of March 2009) Float: 147,703004 –September 8
-------------------- A Few Facts Are Better Than None At All Posts: 122 | From: East Tn | Registered: Apr 2007
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FOUR MAJOR ACQUISITIONS COMING /b] 1. This acquisition when it closes it will add approximately $44 million to our revenue stream and $10 million in EBITDA. The company to be acquired has a vast range of capability in the aerospace industry, and operates three plants totaling approximately 300,000 sq. ft. The company owns two of the plants equaling 190,000 sq. ft. and leases the third plant. The handsome revenue and profit numbers are achieved with less than 250 employees, and does so with a superb safety record.
2. Quasar Aerospace Industries, Inc., formerly Equus Resources, Inc. (PINKSHEETS: EQUR), is pleased to announce an agreement in principal to acquire an aerospace engineering firm located in the Southeast area of the US. This acquisition will provide the company with a full line of engineering capability for the Quasar line of aircraft currently in development. For security reasons the name of the company will not be divulged until the acquisition is closed. The acquisition is to be made with private equity funding and will be an all cash transaction. This acquisition when it closes it will add approximately $8 million to our revenue stream and $2 million in EBITDA.
3. Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR). Quasar Aerospace Industries, Inc. is pleased to announce the signing of an agreement to acquire a third aviation/aerospace company. The full Board of Directors of the company to be acquired unanimously approved recommending to the shareholders that they accept the offer of One Dollar per share for the 32,000,000 shares outstanding. The members of the Board hold over 80% of the outstanding stock so shareholder approval is certain to be obtained. The company's name for the obvious reasons must remain anonymous until the transaction is closed, which is scheduled for August of this year. This acquisition will add approximately $18,000,000 to our annual revenues and $3,750,000 to the bottom line.
4.Quasar Aerospace announced that at a special meeting of its board of directors on August 5th, the board authorized The Chief Executive Officer to sign the agreement in principle to acquire our Target Acquisition #4 (TA#4). It has been agreed that TA#4 must be closed simultaneously with the three previously announced acquisitions. Therefore the closing date for all four has been delayed until August 28, 2009. This deal will more than double the previously announced forecasts for both revenue and profit for 2010. We are now estimating that our 2010 revenue will exceed $150 million and our pre-tax profit is estimated at approximately $33 million.
Total from the 4 Acquisitions Revenues: $150,000,000 EBITDA: $33,000,000
-------------------- A Few Facts Are Better Than None At All Posts: 122 | From: East Tn | Registered: Apr 2007
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