|By Marketwired .||
|June 16, 2014 09:45 AM EDT||
JACKSONVILLE, FL -- (Marketwired) -- 06/16/14 -- Quasar Aerospace Industries, Inc. (OTC Pink: QASP) (PINKSHEETS: QASP) ("Quasar" or "the Company") is thrilled to announce that the Definitive Agreement on the acquisition of a premier Colorado hydroponic and scientific grow supply store has been fully executed. Quasar is excited to be entering the hydroponic market as a service provider to the legal marijuana industry which is currently booming in Colorado. As previously announced this opportunity provides Quasar the ability to spread throughout the country with little to no regulatory or legal limitations. This is only the first step in Quasar's large plan for creating a great future for Quasar and building shareholder value.
We would like to welcome Hydro-Grow Supply, Inc. to Quasar! Hydro-Grow is located in Colorado Springs, Colorado and has been owned and operated as a family business since 2009. It is one of the only grow stores on the Eastside of Colorado Springs which services all surrounding Counties in South Colorado. We have selected and hired an experienced and extremely talented individual to manage the grow store.
This hydroponic grow store is complete with a full inventory including a fully stocked store and warehouse as well as a delivery van, trimmers, a stocked 20 ft. steel storage container, palette lift and other tangible assets. This store represents copious amounts of distributors and growers which allows them to carry thousands of products for all types of growing and high-tech gardening needs. The store currently contracts with numerous marijuana growers and dispensaries throughout the State of Colorado and operates six days a week. It rents out its trimmers to growers to capture additional revenue. A point of sale security system is installed and all inventory is labeled with UPC codes which allows Quasar to ensure all inventory is accounted for as it enters and exits the grow store. In addition, it permits Quasar to safeguard all revenue being captured as well as allowing remote security viewing of the store front.
This is not Quasar's initial target hydroponic store which would have only provided forty percent (40%) ownership. Quasar was presented with an even better opportunity and was able to negotiate and proceed to the execution of a definitive agreement with this hydroponic grow store wherein Quasar through its wholly owned subsidiary, Green Energy Investments, Inc. will own one hundred percent (100%) of the grow store and all its assets. Thereby, making this hydroponic grow store a wholly owned subsidiary.
Upcoming details will be released regarding the unleashing of its branding into the marketplace which Quasar intends to take it nationwide. Further details regarding this acquisition will be released in an upcoming press release.
Please feel free to contact Quasar by telephone or email at [email protected] for information or investment opportunities. Quasar will continue to update our shareholders and the investment community as progress and details are ready to be released.
Quasar and its subsidiaries are involved in aviation and aviation related businesses. We are SEVIS/SEVP certified to provide training to foreign students. We are the only certified Cessna Pilot Center (http://www.cessna.com/learn-to-fly.html) in Jacksonville, FL. Through our subsidiaries we are an FAA Part 141 flight school (www.faa.gov), Computer Assisted Testing Service (CATS) (http://www.catstest.com) and a Comira testing facility (http://www.comiratesting.com). We offer flight training and accept VA benefits under the GI bill (http://www.gibill.va.gov/). Atlantic Aviation, Inc. is a recipient of an AOPA Excellence Award for 2012 and recognized as one of the top 50 flight school in the country. (http://flighttraining.aopa.org/awardwinners/2012winners.html).
SEVIS (http://studyinthestates.dhs.gov/assets/images/content/Certified_School_List_3-5-14.pdf) (http://www.ice.gov/sevis/)
Check us out on our web site (www.quasaraero.com) and Facebook at:http://www.facebook.com/pages/Quasar-Aerospace-Industries-Inc/146434125485747 or look to schedule a student pilot experience flight through Groupon (www.groupon.com) or Living Social (www.livingsocial.com ).
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.
Telephone: (904) 207-6503
Email: [email protected]
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