CONTROL BLOCK ISSUED 1/28/2013
On January 16, 2013, Quasar Aerospace Industries, Inc., a Colordo corporation
(Quasar) entered into a Settlement Agreement and General Release
(the Agreement) with NHS Health Solutions, Inc., a Florida corporation (NHSH),
wherein NHSH agreed to assigning and transfer the legal and beneficial
ownership of NHSH to Quasar through the issuance of Series A Preferred Shares
in NHSH free and clear of all liens, restrictions, claims, security interests
and encumbrances of any kind or nature the ownership of the control shares of
the public company NHSH. Simutaneously NHSH shall turnover the control of NHSH
and all of its subsidiaries to Quasar and all Officers and Directors of NHSH
shall resign and a new Board of Directors and Officers shall immediately be
appointed. In addition, Jeffrey DiGenova agreed to resign as an Officer and
Director of NHSH upon closing of this Agreement. The parties closed the
transaction on January 28, 2013.
Pursuant to the Agreement, on January 28, 2013 NHSH authorized, approved and
issued one million (1,000,000) Series A Preferred Shares representing the
beneficial ownership of NHSH and turned over the control of NHSH and all of
its subsidiaries to Quasar. DiGenova resigned as an Officer and Director of
NHSH. Simultaneously to DiGenovas resignation NHSH appointed Joseph Canouse
as Cheif Executive Officer, Donnell J.Vigil as President, Secretary and
William Cirmo as Cheif Operation Officer of NHSH and Joseph Canouse,
Donnell J. Vigil and William Cirmo as the Board of Directors of NHSH.
Quasar acquired the only issued Series A Preferred Shares of NHSH.
Joe Canouse Takes Control Of NHSH Shell 1/28/2013
Lawsuit between Quasar Aerospace andNHSH/Jeff Digenova is Dismissed With Prejudice on 1/28/2013
Great News Jan 16, 2013 Quasar Settles Litigation With NHS Health Solutions
Quasar Settles Litigation With NHS Health Solutions
JACKSONVILLE, FL, Jan 16, 2013 (MARKETWIRE via COMTEX) -- Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) is pleased to announce that the Corporation has settled the current litigation by and between Quasar Aerospace Industries, Inc., NHS Health Solutions, Inc., and individually Jeffrey DiGenova and Joseph Canouse.
The Corporation has released NHS Health Solutions, Inc. and Mr. DiGenova from the pending litigation and the Corporation has been released by Mr. DiGenova and NHS Health Solutions, Inc. from any related counterclaims in exchange for the control block, beneficial ownership and proxy of such in NHS Health Solutions, Inc. (NHSH-OTC).
Further agreements to settle outstanding demands and claims by Quasar will be forthcoming and structured so as to provide benefit to Quasar and its shareholders while also providing NHS Health Solutions, Inc. the chance to move forward without the threat of further litigation.
The release provides for the immediate resignation of the current board and management of NHS Health Solutions, Inc. and the appointment of representatives of Quasar as the officers and directors of NHS Health Solutions, Inc.
This settlement will allow the focus to be on monetizing the investments made by both parties in Mineseeker in acquiring the technology for mine detection and mapping and field testing it through live demonstrations.
This was part of the original promise that Quasar represented to its shareholders who will through this action still benefit and participate in the opportunity Mineseeker represents.
We look forward to working with the Mineseeker team in securing an initial contract. Additionally, NHS Health Solutions, Inc. as a corporation will, in the short term, enter into a new agreement with a transfer agent, update its profile and issuer information statement with OTCMarkets.com and file a request for a name change with FINRA. Management from both companies agreed that this settlement was not just for the benefit of their companies, but more importantly, was to the benefit of their respective shareholders and investors.
The release of this litigation will allow Quasar to build and expand on the opportunities afforded it without the risk or costs associated with the countersuit and provide some value for the Corporation's previous loan to Mineseeker and ownership of common shares.
We will continue to update our shareholders and the investment community as events unfold.
Quasar and its subsidiaries are involved in aviation and aviation related businesses. 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/). Our flight students also benefit from our onsite RedBird Full Motion Flight Simulator FMX1000 (http://www.redbirdflightsimulations.com).
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
SOURCE: Quasar Aerospace Industries, Inc.
Copyright 2013 Marketwire, Inc., All rights reserved.http://www.otcmarkets.com/stock/QASP/news
January 22, 2013Quasar Enters Into Letter of Intent With Holdings Aviation
Holdings Aviation Corp. has combined revenues of approximately twenty-two million dollars ($22,000,000) with four million dollars ($4,000,000) in estimated earnings. The Company's Mission is to become a global leader with a comprehensive footprint through strategic acquisitions, joint ventures and partnerships. The Company expects to achieve double digit growth year over year and exceed one hundred million dollars ($100,000,000) in revenues within three (3) years.
At the core of the company services platform is an industry leader in the business jet maintenance sector that brings over three decades of Cessna factory-trained experience to the service of corporate aircraft. This company has a sophisticated FAA-approved Part 145 repair station that can conduct or supervise every aspect of the maintenance of your aircraft. This includes periodic inspections, parts inventory and warranties, as well as daily and routine maintenance. We have in-house capabilities and a network of proven maintenance facilities, parts and services providers, and other vendors.
Overall, the Company will provide a full spectrum of Aviation Services including aircraft maintenance completions and refurbishments, engineering, fixed base operations, along with aircraft management, charter services, aircraft sales and personnel services and already has the FAA certificates to provide these services. The Company will be uniquely positioned to provide all services under one roof as well as transitional jet training utilizing Quasar's existing certifications. Additionally, a strategically positioned Air Cargo Services Company is being launched to provide full service commodity transportation to the Caribbean basin and Central America.
January 28, 2013 Order Dismissing Case wPrejudice
Quasar Aerospace Industries, Inc. Appoints Atlanta Capital Partners, LLC for Investor Relations http://www.atlcp.com/default.html
HERE IS THE REAL TRUTH...
MAN THAT IS GOOOD STUFF!!!!!!
Share Structure as of Feb 15, 2012 1:30 PM EST as per T.A.
Outstanding Shares: 314,855,401 Shares
(151,000,000 Retired 6/28/2011)
Authorized Shares: 500,000,000 Shares
Restricted Shares: 265,173,482 Shares
Float: 49,681,919 Shares
NHSH Inc. (NHSH.PK)