Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR).
Quasar Aerospace, announced that at a regularly scheduled meeting of its board of directors today, the board authorized upon completion of funding of previous announced acquisitions Quasar will begin to repurchase up to ten percent (10 %) of the companies issued and outstanding shares at the companies sole discretion. There will be no fixed termination date for the repurchase program and can be expanded to up to twenty percent (20%) at the discretion of the management committee.
"We believe a stock repurchase program is a way to optimize the value to our shareholders," said Dean Bradley, Chief executive Officer, Quasar. "Our share repurchase program will allow us to return cash to our shareholders, while at the same time provide the flexibility to aggressively invest in the business for additional growth and differentiation, which we believe to be good for both our customers and our shareholders."
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 Equus Resources, Inc. and Quasar Aerospace Industries, Inc. under take no obligation to update such statements.
Contacts: Dean Bradley 904-612-8485 deanbrad*bellsouth.net
Scott Martin 770-521-9410 scott.martin*jpccapital.com
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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(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 the middle of August of this year. This acquisition will add approximately $18,000,000 to our annual revenues and $3,750,000 to the bottom line. The current management team will remain intact. Quasar's management team has been closely associated with this company for over three years, and is extremely pleased that they have elected to join our family of companies.
Chief Executive Officer Dean Bradley said that this acquisition will open other opportunities that we will pursue in coming months that could conceivably double the forecast for 2010.
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 Equus Resources, Inc. and Quasar Aerospace Industries, Inc. under take no obligation to update such statements.
Contacts:
Dean Bradley
904-612-8485
deanbrad*bellsouth.net
Scott Martin
770-521-9410
scott.martin*jpccapital.com
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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posted
There is a long article about this merger being the first of three that they hope to accomplish this year... and I can`t find it! I`ll keep looking...
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posted
/ CORRECTION - Quasar Aerospace Industries, Inc.
JACKSONVILLE, FL -- (Marketwire) -- 08/07/09 -- In the news release, "Quasar Aerospace Industries, Inc. Announces Stock Repurchase Program," issued Thursday, August 6, 2009, by Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP), we are advised by the company that the headline should read "Quasar Aerospace Industries, Inc.
Announces Agreement for Its 4th Acquisition" rather than "Quasar Aerospace Industries, Inc. Announces Stock Repurchase Program" as originally issued.
Additionally, the contact information has changed. Complete corrected text follows.
Quasar Aerospace Industries, Inc. Announces Agreement for Its 4th Acquisition
JACKSONVILLE, FL -- August 6, 2009 -- Quasar Aerospace Industries, Inc.
(PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR).
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.
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 Equus Resources, Inc. and Quasar Aerospace Industries, Inc. under take no obligation to update such statements. Contact:
Dean Bradley
904-612-8485
deanbrad*bellsouth.net
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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posted
INSIDER TRADING WARNING This company may not be making material information publicly available.
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
What is insider trading?
Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.
Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.
Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.
Why is Pink OTC displaying this warning?
Companies that are identified on pinksheets.com as having “No Information” may be placing their shareholders at risk of violating 10b5-1 insider trading rules. Pink OTC Markets recommends that investors wishing to place a trade in such securities contact the company to verify it is making adequate current information publicly available.
How can a company make material information publicly available?
•Companies can make material information publicly available by registering a class of their securities and making current reports with the SEC. •Companies can make material information publicly available by qualifying under Rule 12g3-2(b) under the Exchange Act (“Rule 12g3-2(b)”). •For companies that are not subject to SEC reporting requirements under 12(g) or 12(b) of the Act, Pink OTC Markets provides the Alternative Reporting Standard to facilitate the availability of adequate current information.
◦Companies that post such information through the OTC Disclosure & News Service are able to conveniently and efficiently make their information publicly available on their quote page on www.pinksheets.com.
◦The Alternative Reporting Standard is designed for companies to meet the minimum disclosure requirements under SEC Rules 15c211 and 144(b) and assist companies in protecting their affiliates from 10b5-1 violations. Companies are urged to seek the advice of experienced securities counsel regarding materiality and methods to make material information publicly available.
◦For more information about the Alternative Reporting Standard, please visit our Alternative Reporting Standard page.
Note: Companies may choose to provide current information on their corporate websites. Pink OTC Markets encourages affiliates, employees, insiders, or any person in possession of nonpublic material information about a company to examine the company's corporate website for current information, if they are not able to find it through pinksheets.com or in current reports filed with the SEC, to ensure compliance with Rules 10b-5 and 10b5-1. However, the warning message on the company's quote page on pinksheets.com will continue to be displayed. To remove this warning message, the company must meet one of the three standards listed above.
Posts: 580 | Registered: Oct 2003
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posted
News from Marketwire is considered insider trading?
We`ll all wind up in a federal penetentiary!!!
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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posted
Give me a break. Pinksheets.com is not a requirement for any pink or otc stock. If companies don't want to update them, that is up to them. Also, this stock is in the midst of a R/M, with the acquisitons closing Aug 28th. With the names of the companies being announced. Along with other information including financials. This stock is a bona fide winner!
Posts: 463 | From: Virginia | Registered: Apr 2008
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-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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posted
There is chatter all over the net that there IS going to be a company buyback, along WITH the 4 mergers.
If this is true - and I can`t find any PR on it - I will need champagne for this one!
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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SOURCE: Quasar Aerospace Industries, Inc. Aug 13, 2009 13:39 ETQuasar Aerospace Industries, Inc. Announces Herlong Airport Facility Construction AgreementHighlighted Links
Quasar Aerospace Industries
MacReport Media PublishingJACKSONVILLE, FL--(Marketwire - August 13, 2009) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR).
Quasar Aerospace announced that the contracts for the Herlong Airport Project have been signed with the Project Manager/General Contractor, the Civil Engineering firm and the Architect.
The Company has selected the Dakota & Company of Jacksonville as the general contractor. This firm has been the developer and builder of several exceptional airport projects. Mr. Fred Dewitt, the company president, will oversee all engineering, design and construction for the maintenance hangar, office building and site development. Their website is www.dakotaandcompany.com. Dakota and Company has recently completed the Marco Airplane Hangar.
The civil engineering company selected for the project is Phillips Civil Engineering, and their website is www.phillipscivil.com. The architect the Company has chosen is Wharton Donaldson who is the Architect of record for the Marco Airplane Hangar and thus has a great working relationship with Dakota and Company.
The Company is extremely pleased with the planning done by these three firms, in providing the Company with the first truly Green development on any airport in the Jacksonville area. Amongst the Green Building Initiatives will be photovoltaic electric, radiant heating and a highly insulated building. All three of these companies are excited to work with the CEO of Quasar Aerospace, Dean Bradley, who spent many years in the development/construction industry and is totally satisfied with the professionalism shown by all three of these companies.
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 Equus Resources, Inc. and Quasar Aerospace Industries, Inc. under take no obligation to update such statements.
Posts: 68 | From: The world | Registered: Aug 2009
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-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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posted
QASP is getting ready to rock-n-roll, my friends.
Projections are that this is at LEAST a 10-bagger!
Four days left until lift-off!
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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From the perspective of 60-min price action intervals, Quasar Aerospace Industries, Inc. has shown strength retracing just about 50% since rallying from $0.01 to $0.053. Short-term resistance at $0.035, $0.04; critical support of $0.0287. My thoughts and analysis in video format follow.
posted
Many thanks for the link, EDWARD STEVENSON!
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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Posted by: albertss Date: Tuesday, August 25, 2009 12:37:59 PM In reply to: None Post # of 22006
Just spoke to the company. He said there is no dilution , they have got the finance ready all in hand just getting the lawyers ready for Fridays deal. He stated there is no need for dilution since a share buyback is on agenda. Now MM get ready to run, a PR is coming shortly. IMHO .its going to be weeeeeeeeeeeee
Posts: 68 | From: The world | Registered: Aug 2009
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Posted by: masko23 Date: Tuesday, August 25, 2009 1:15:20 PM In reply to: None Post # of 22045
Just off the phone with Mr. Bradley: he is releasing a pr today...he cannot comment anymore because of the lawyers...although he would love too...stressed love!...they are updating pink with share structure tomorrow...and we should be pleased,... glta masko
Posts: 68 | From: The world | Registered: Aug 2009
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posted
Quasar Aerospace Industries, Inc. Details the Terms of Its $350 Million Funding
JACKSONVILLE, FL, Nov 18, 2009 (MARKETWIRE via COMTEX) -- Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) today released additional details regarding the Company's recently announced primary funding of $350 million. Mark Lundquist, a Philadelphia based attorney and Senior Vice President for Strategic Planning for Quasar Aerospace Industries, Inc., stated, "This primary funding instrument will provide a $350 million cash infusion into Quasar. Closing documents are being prepared and closing is scheduled for mid-December."
The funds from the transaction will be transferred to Quasar's account as lump sum, upon the execution of the final documents. The funding transaction is structured as a loan, the proceeds of which originate as part of a $1 billion bond issued by Inver Finance Ltd., an Irish corporation.
The bonds, which are secured by $1.4 billion of life settlement policies on individuals over 72 years of age, bear interest at 6.5% with a ten-year term. Under the terms negotiated, interest does not begin accruing until the end of the third year. Additionally, no principal payments become due until the end of the tenth year. Upon maturity of the loan Quasar has three options for repayment: (1) an issuance of the Company's common stock equal to approximately 9% of the common stock outstanding as payment in full of the principal, (2) extend the loan for two successive five years terms, or (3) pay off the principal and any accrued and unpaid interest.
Dean Bradley, CEO of Quasar Aerospace Industries, Inc., commented, "The company continues to make significant strides in the progressive growth of operations. Inver Finance has provided our Company with a very flexible financial instrument that I believe will provide major long-term benefits for the Company's continued growth and success."
Posts: 798 | Registered: Jun 2004
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posted
this stock has doubled in less than a week and no one is talking about it. its going to continue to grow. how many pinkies are getting 350 million loan?
-------------------- scared money never wins Posts: 208 | Registered: Mar 2009
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The last time I looked today (while the general market was bleeding red) this was up 57 percent.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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posted
Last chance.... It'll be the best run ever today. If anybody has been reading my posts for the last 3 days in a row they would've/could've made 20% or more a day. Today may make that look tiny.
Posts: 798 | Registered: Jun 2004
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posted
i know peeps better watch this gem i had a thread going here but i guess this is it now lol...ive been in since last year aswell glta
Posts: 208 | Registered: Mar 2009
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