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
Most of the time there is a lot of work involved to move to the cloud, and most of that isn't really related to AWS or Azure or Google Cloud. Before we talk about public cloud vendors and DevOps tools, there are usually several technical and non-technical challenges that are connected to it and that every company needs to solve to move to the cloud. In his session at 21st Cloud Expo, Stefano Bellasio, CEO and founder of Cloud Academy Inc., will discuss what the tools, disciplines, and cultural...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
With the rise of DevOps, containers are at the brink of becoming a pervasive technology in Enterprise IT to accelerate application delivery for the business. When it comes to adopting containers in the enterprise, security is the highest adoption barrier. Is your organization ready to address the security risks with containers for your DevOps environment? In his session at @DevOpsSummit at 21st Cloud Expo, Chris Van Tuin, Chief Technologist, NA West at Red Hat, will discuss: The top security r...
SYS-CON Events announced today that Enroute Lab will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enroute Lab is an industrial design, research and development company of unmanned robotic vehicle system. For more information, please visit http://elab.co.jp/.
IBM helps FinTechs and financial services companies build and monetize cognitive-enabled financial services apps quickly and at scale. Hosted on IBM Bluemix, IBM’s platform builds in customer insights, regulatory compliance analytics and security to help reduce development time and testing. In his session at 21st Cloud Expo, Lennart Frantzell, a Developer Advocate with IBM, will discuss how these tools simplify the time-consuming tasks of selection, mapping and data integration, allowing devel...
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
There is huge complexity in implementing a successful digital business that requires efficient on-premise and cloud back-end infrastructure, IT and Internet of Things (IoT) data, analytics, Machine Learning, Artificial Intelligence (AI) and Digital Applications. In the data center alone, there are physical and virtual infrastructures, multiple operating systems, multiple applications and new and emerging business and technological paradigms such as cloud computing and XaaS. And then there are pe...
Today traditional IT approaches leverage well-architected compute/networking domains to control what applications can access what data, and how. DevOps includes rapid application development/deployment leveraging concepts like containerization, third-party sourced applications and databases. Such applications need access to production data for its test and iteration cycles. Data Security? That sounds like a roadblock to DevOps vs. protecting the crown jewels to those in IT.
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
SYS-CON Events announced today that SIGMA Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. uLaser flow inspection device from the Japanese top share to Global Standard! Then, make the best use of data to flip to next page. For more information, visit http://www.sigma-k.co.jp/en/.
SYS-CON Events announced today that B2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. B2Cloud specializes in IoT devices for preventive and predictive maintenance in any kind of equipment retrieving data like Energy consumption, working time, temperature, humidity, pressure, etc.