|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]
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Sep. 28, 2016 07:00 PM EDT Reads: 1,621
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
Sep. 28, 2016 06:45 PM EDT Reads: 4,145
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
Sep. 28, 2016 06:30 PM EDT Reads: 3,097
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
Sep. 28, 2016 06:15 PM EDT Reads: 268
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Sep. 28, 2016 06:00 PM EDT Reads: 1,767
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
Sep. 28, 2016 05:15 PM EDT Reads: 232
Businesses are struggling to manage the information flow and interactions between all of these new devices and things jumping on their network, and the apps and IT systems they control. The data businesses gather is only helpful if they can do something with it. In his session at @ThingsExpo, Chris Witeck, Principal Technology Strategist at Citrix, will discuss how different the impact of IoT will be for large businesses, expanding how IoT will allow large organizations to make their legacy ap...
Sep. 28, 2016 05:15 PM EDT Reads: 236
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the protocols that communicate data and the emerging data analy...
Sep. 28, 2016 05:00 PM EDT Reads: 1,720
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Sep. 28, 2016 04:45 PM EDT Reads: 370
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
Sep. 28, 2016 04:30 PM EDT Reads: 2,807
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
Sep. 28, 2016 04:15 PM EDT Reads: 1,870
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Sep. 28, 2016 04:15 PM EDT Reads: 1,492
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
Sep. 28, 2016 04:15 PM EDT Reads: 2,433
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
Sep. 28, 2016 04:00 PM EDT Reads: 1,484
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Sep. 28, 2016 03:15 PM EDT Reads: 366