QASP - Quasar Aerospace Industries (OTC Stock)

[Rich1]

Quasar Aerospace Industries (ticker: QASP)

They had a press release today that sounds pretty good. I took a look at the chart and it seem to be coming out of the bottom and ready to make a move.


Quasar Aerospace Industries, Inc. Announces Their Choice for an Accounting Firm

* Press Release
* Source: Quasar Aerospace Industries, Inc.
* On Tuesday July 21, 2009, 12:09 pm EDT

Quasar Aerospace Industries, Inc. (Pinksheets:QASP - News) (formerly) Equus Resources, Inc. (EQUR) is pleased to announce the retention of an accounting firm to oversee our accounting practices, securities agency compliance, tax planning, acquisitions accounting, and the consolidation of our financial reporting. The firm is The Griggs Group in Ponte Vedra, Florida.([url=http://www.TheGriggsGroup.com[/url])

The closing of our first three acquisitions is now scheduled for August 14, 2009. The addition of these companies to our group will add approximately $70 million in annual revenue with an EBITDA of about $15 million.

Chief Executive Officer, Dean Bradley, said, "This association will help facilitate a well controlled entry into the next evolution of our company."

Introduction to QAI's Vision

The units integrated in the first phase of QAI's operations will either be wholly owned subsidiaries, or QAI will hold a minimum 80% equity. These components are:

* Atlantic Aviation, Inc. (AAI) -- AAI is a wholly-owned subsidiary of QAI which operates a flight school at Herlong Airport in Jacksonville, Florida, and will develop and operate flight schools nationwide.

* A soon-to-be named company is a successful aircraft component manufacturer.

* Aviation Import/Export, Inc. (AIE) -- AIE was formed to import aircraft and/or aircraft components for sale, lease and use by QAI affiliates and for sale and/or lease to other companies.

* Quasar Aircraft Corporation (QAC) -- This company will develop the new products and oversee the development of the VLJ program.

* Quasar Financial Corporation (QFC) -- This entity will support the aircraft sales process by arranging financing and insurance for customers and the aircraft that will be required for AAI's flight school operations.

A second major phase of the corporation's development will be to identify and acquire small to medium sized business which will be complementary to QAI's strategic vision and conglomerate.
----------------------------

http://www.massaerospace.com/2009-07...counting-firm/

(P.S. Quasar reverse merged into the EQUR shell in March)

[Rich1]

I don't know who the T/A is, but these are the latest numbers I could find:

Authorized Shares: 750,000,000 as of March 7 2009
Outstanding Shares: 205,703,622 as of March 30, 2009
Preferred Shares Authorized: 50,000,000 as of March 7 2009 (Non-Convertible, None Issued as of March 2009)
Float: Approx 39,000,000 as of March 30 2009


If the float hasn't increased much in the past three months, I think this has a good chance to move big. I'll try to find out who the T/A is.

[Rich1]

QASP had news today announcing a stock buy-back plan. No wonder the pps jumped suddenly. Let's see if it holds.


Quasar Aerospace Industries, Inc. Announces Stock Repurchase Program

* Press Release
* Source: Quasar Aerospace Industries, Inc.
* On Tuesday August 4, 2009, 1:42 pm EDT

JACKSONVILLE, FL--(Marketwire - 08/04/09) - Quasar Aerospace Industries, Inc. (Pinksheets:QASP - News) (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

[Rich1]

More news out today:

Aug 06, 2009 13:59 ET

Quasar Aerospace Industries, Inc. Announces Agreement for Its 4th Acquisition

JACKSONVILLE, FL--(Marketwire - 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.
Contacts:
Dean Bradley
904-612-8485
deanbrad@bellsouth.net

Scott Martin
770-521-9410
scott.martin@jpccapital.com

[Rich1]

QASP closed up over 41% today with good volume. I think it might continue climbing next week, but I'm worried about that gap created at the open this morning. I don't like gaps - they have a tendency to fill.

Plus they just announced that the closing date of the acquisitions has been pushed back a couple of weeks, until end of August.

At this point, I'm cautiously optimistic, and will be keeping an eye out for a possible pullback next week.

[JGygli]

not far from where I live...hmmm

[Rich1]

I found out that the TA is ComputerShare. I called them, but apparently, they don't give out share structure information. The guy I spoke with just said that they "don't have that information," (?) and he didn't know where I could get it.

I never dealt with ComputerShare before... is there a way to get share structure information from them?

So I emailed the company, and they replied that the current O/S is 230 million.
So from March until now, 25 million shares have been added to the O/S. I guess they needed extra money for start-up expenses.

[Rich1]

Originally Posted by JGygli

not far from where I live...hmmm

So maybe you can drop by and check out the cute little planes?

[JGygli]

Originally Posted by Zoom

I found out that the TA is ComputerShare. I called them, but apparently, they don't give out share structure information. The guy I spoke with just said that they "don't have that information," (?) and he didn't know where I could get it.

I never dealt with ComputerShare before... is there a way to get share structure information from them?

So I emailed the company, and they replied that the current O/S is 230 million.
So from March until now, 25 million shares have been added to the O/S. I guess they needed extra money for start-up expenses.

Just what was posted on another board:

Share Structure:
Authorized Shares: 750,000,000 as of March 7 2009
Outstanding Shares: 197,000,000 as of March 7 2009
Preferred Shares Authorized: 50,000,000 as of March 7 2009 (None Issued as of March 2009)
Float: Approx 39,000,000 as of March 30 2009

[JGygli]

Originally Posted by Zoom

So maybe you can drop by and check out the cute little planes?

probably over by Herlong Airport. It's a small one...