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NEWS - Quasar Aerospace Industries, Inc. Announces the Start of Its Stock Buy Back Plan and the Acquisition of Its First Twin Engine Trainer for Atlantic Aviation

Last Tuesday Quasar Held a Critical Meeting Regarding Two of Its
Acquisition Candidates and Completed a Definitive Acquisition Agreement


JACKSONVILLE, FL, Sep 28, 2009 (MARKETWIRE via COMTEX) -- Quasar Aerospace
Industries, Inc. (PINKSHEETS: QASP) is pleased to announce the start of our
previously announced Stock Buy Back Plan on Monday, September 28, 2009. The
company was delayed for a few days because our primary bank could not open a
securities trading account for Quasar in a timely basis. Fortunately Deutsche
Bank in San Francisco and NYC came to our rescue. We received final approval on
Thursday afternoon and will be starting today.

On Tuesday of last week a critical meeting was held regarding our recently
announced acquisitions. Quasar Aerospace Industries CEO, Dean Bradley, and
Senior Vice President for Administration, Lisa Betros, were in Kansas with the
executives for two of our acquisitions along with the legal teams for those
companies. Also attending were attorneys for Quasar coming in from Seattle and
Philadelphia. In this series of meetings we were able to complete the Definitive
Acquisition Agreements, the employment contracts for key employees, and the
incentive plans for the employees of the subsidiaries. Also discussed was a new
opportunity that will potentially become part of Quasar Aerospace Industries.

On Monday, September 21, 2009 executives from our wholly owned subsidiary,
Atlantic Aviation, took delivery of a pristine Piper Seminole for $89,000, which
is an excellent twin engine trainer. Atlantic Aviation President and Chief
Flight Instructor, Joshua Henderson, and Atlantic Aviation's Director of
Aircraft Maintenance, Raymond Frez, raved about the plane after their cross
country flight with the aircraft. In the present economic environment now is an
ideal time to be adding to the fleet.

We have been asked what Redbird simulator we purchased and installed at the
Herlong Airport, it is their FMX Model. We are pleased to announce that we
purchased this top of the line unit for $80,000. We are so pleased with it that
we have now ordered a second identical unit.

The company is on track to execute our business plan. The management team is
working diligently to complete the first four acquisitions, and will then
proceed on two more acquisitions shortly thereafter.

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
Equus Resources, Inc. and Quasar Aerospace Industries, Inc. under take no
obligation to update such statements





Contacts:

Dean Bradley

904-612-8485

[e-mail]



Investor Relations

[e-mail]

800-585-6988

SOURCE: Quasar Aerospace Industries, Inc.

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