Welcome!

News Feed Item

Quasar's Developments With Hydro-Grow

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
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....
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...