|By Marketwired .||
|June 30, 2014 01:59 PM EDT||
JACKSONVILLE, FL -- (Marketwired) -- 06/30/14 -- Quasar Aerospace Industries, Inc. (OTC Pink: QASP) (PINKSHEETS: QASP) ("Quasar" or "the Company")
Quasar Aerospace Industries, Inc. previously announced that it entered into a Definitive Agreement under which Quasar through its subsidiary, Green Energy Investments, Inc. acquires Hydro-Grow Supply, Inc., a Colorado based hydroponic grow store. The transaction provides a solid platform to allow us to maximize the grow store's strength to create a unique competitor in the marketplace with capabilities of being a leading service provider to the legal and medical marijuana industry nationwide.
Hydro-Grow possesses a high-quality customer base, significant revenue, a large selection of products, equipment and grow supplies. It also has the ability to become the best-in-class nationwide hydroponic grow store with expansion and growth being enabled by this transaction. The grow store currently does little to no advertising, therefore, Quasar is working on creating a new web presence to significantly increase the marketing and sales being generated by the grow store. Quasar is pursuing an E-Commerce strategy with an expert in the field to see that our grow store is able to increase its visibility as well as its revenues. The grow store's website will provide an online shopping cart to avail itself an additional method to sell grow supplies and equipment to customers nationwide. As the E-Commerce strategy is put into place details in reference to the projected increase in revenues will be released to the public. Quasar is thrilled about being able to be part of the legal and medical marijuana industry as promised.
New developments in relation to this acquisition continue to be pursued for implementation which brings great excitement to the future of Quasar. Quasar will be unleashing a branding to the marketplace to become a known name in the industry at the same time capturing additional revenues through the sale of branding merchandise. The merchandise will be available to purchase in stores as well as online. Quasar is aligning with grow specialists which will allow us to host Grow Seminars throughout the nation. New developments are on the horizon each day including talking to other providers in the legal and medical marijuana industry. Quasar intends for its grow stores to be one of the largest grow store operations in nation. We want to be front runners and plan to capture the marijuana industries business through dispensaries and all other legal and registered growers for all their grow store supply and equipment needs. We are entering the marijuana industry as it is just beginning to expand throughout the country and we intend to be a pinnacle service provider to the market. The grow store will be adding new services to further increase its revenues such as offering installation. Quasar is conducting a market analysis and seeking out the best location to open its second grow store in the near future. The inventory obtained with this acquisition shall allow this to occur rapidly. Additionally, Quasar plans on providing community out-reach programs to give back to the community.
The acquisition is for one hundred percent (100%) of the assets of Hydro-Grow for the sum of two hundred and fifty thousand dollars ($250,000). Quasar believes that this is an amazing opportunity wherein Quasar shall retain full control and realize all the revenues generated by the grow store and related ventures. Included in this acquisition is approximately one hundred and sixty thousand ($160,000) worth of inventory valued at cost as well as a 20ft. steel storage container and all other tangible assets. Quasar believes this acquisition will yield an above market return on investments "as-is" but an even greater return as it implements a branding, marketing and distribution strategy.
Quasar has put a manager in place that is currently undergoing thirty (30) days of training at the grow store to prepare for taking over the store operation. In addition, contracts with vendors, suppliers, and distributors are being finalized and all other pertinent contracts, leases, licenses and agreements are being completed in preparation for the change in ownership.
Quasar determined that ownership of one hundred (100%) of the grow store became a necessity as our business plan provides that the acquisition of a grow store was our first step. All future developments will be based on this ownership. The branding, second and future stores and the creation of our cultivation centers nationwide, Quasar needed to have full control to move forward without any hindrance and to allow Quasar to recognize the revenues that will be generated. Each future development is based on this initial acquisition: the second store will utilize the resources, platform and inventory provide by this acquisition; the branding will be under our control and without any interference from a third party; and the cultivation centers will utilize the inventory of the grow store for its build out. In order to allow Quasar to grow according to plan and maximize its revenues having majority authority in all marketing, distribution, and developments could not be overlooked.
An upcoming press release will be issued with financial information for Hydro-Grow including historical revenues and a final tally of assets acquired. Until the new website is complete, photos of the Hydro-Grow have been posted on Quasar's Facebook and Twitter accounts and corporate updates will be posted through these sources as well.
Quasar has filed its amended first quarter financials with OTC Markets and has returned to Pink current information status. We will update the public once an auditor has been selected for moving forward with uplisting.
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 schools 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.
Contact Quasar Aerospace Industries, Inc.
Telephone: (904) 207-6503
Email: [email protected]
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Jul. 25, 2016 10:15 PM EDT Reads: 1,662
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Jul. 25, 2016 10:15 PM EDT Reads: 1,917
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
Jul. 25, 2016 10:00 PM EDT Reads: 1,939
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Jul. 25, 2016 10:00 PM EDT Reads: 2,498
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
Jul. 25, 2016 08:30 PM EDT Reads: 1,931
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
Jul. 25, 2016 08:15 PM EDT Reads: 230
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, gave users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion with b...
Jul. 25, 2016 08:00 PM EDT Reads: 1,915
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
Jul. 25, 2016 08:00 PM EDT Reads: 1,965
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
Jul. 25, 2016 07:30 PM EDT Reads: 1,881
"We are a well-established player in the application life cycle management market and we also have a very strong version control product," stated Flint Brenton, CEO of CollabNet,, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 25, 2016 07:15 PM EDT Reads: 1,794
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
Jul. 25, 2016 07:15 PM EDT Reads: 1,007
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., and Logan Best, Infrastructure & Network Engineer at Webair, focused on real world deployments of DDoS mitigation strategies in every layer of the network. He gave an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He also outlined what we have found in our experience managing and running thousands of Linux and Unix ...
Jul. 25, 2016 07:15 PM EDT Reads: 1,746
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
Jul. 25, 2016 07:15 PM EDT Reads: 2,087
"Operations is sort of the maturation of cloud utilization and the move to the cloud," explained Steve Anderson, Product Manager for BMC’s Cloud Lifecycle Management, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 25, 2016 07:00 PM EDT Reads: 1,881
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Jul. 25, 2016 06:30 PM EDT Reads: 979