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
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st 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 w...
SYS-CON Events announced today that Massive Networks 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. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
In the enterprise today, connected IoT devices are everywhere – both inside and outside corporate environments. The need to identify, manage, control and secure a quickly growing web of connections and outside devices is making the already challenging task of security even more important, and onerous. In his session at @ThingsExpo, Rich Boyer, CISO and Chief Architect for Security at NTT i3, discussed new ways of thinking and the approaches needed to address the emerging challenges of security i...
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
FinTechs use the cloud to operate at the speed and scale of digital financial activity, but are often hindered by the complexity of managing security and compliance in the cloud. In his session at 20th Cloud Expo, Sesh Murthy, co-founder and CTO of Cloud Raxak, showed how proactive and automated cloud security enables FinTechs to leverage the cloud to achieve their business goals. Through business-driven cloud security, FinTechs can speed time-to-market, diminish risk and costs, maintain continu...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, will examine the regulations and provide insight on how it affects technology, challenges the established rules and will usher in new levels of diligence...
SYS-CON Events announced today that Calligo, an innovative cloud service provider offering mid-sized companies the highest levels of data privacy and security, has been named "Bronze Sponsor" 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. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalised support service from its globally located cloud plat...
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” 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. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platfor...
What sort of WebRTC based applications can we expect to see over the next year and beyond? One way to predict development trends is to see what sorts of applications startups are building. In his session at @ThingsExpo, Arin Sime, founder of WebRTC.ventures, discussed the current and likely future trends in WebRTC application development based on real requests for custom applications from real customers, as well as other public sources of information.