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QASP press release from November that details the investment: http://stockreads.com/Stock-Newsletter.aspx?id=17626

You are subscribed as Breaking News: Quasar Aerospace Industries, Inc. (QASP) Quasar Aerospace Industries, Inc. Details the Terms of Its $350 Million Funding Press Release Source: Quasar Aerospace Industries, Inc. JACKSONVILLE, FL--(Marketwire - 11/18/09) - Quasar Aerospace Industries, Inc. (Pinksheets: QASP - News ) today released additional details regarding the Company`s recently announced primary funding of $350 million. Mark Lundquist, a Philadelphia based attorney and Senior Vice President for Strategic Planning for Quasar Aerospace Industries, Inc., stated, "This primary funding instrument will provide a $350 million cash infusion into Quasar. Closing documents are being prepared and closing is scheduled for mid-December." The funds from the transaction will be transferred to Quasar`s account as lump sum, upon the execution of the final documents. The funding transaction is structured as a loan, the proceeds of which originate as part of a $1 billion bond issued by Inver Finance Ltd., an Irish corporation. The bonds, which are secured by $1.4 billion of life settlement policies on individuals over 72 years of age, bear interest at 6.5% with a ten-year term. Under the terms negotiated, interest does not begin accruing until the end of the third year. Additionally, no principal payments become due until the end of the tenth year. Upon maturity of the loan Quasar has three options for repayment: (1) an issuance of the Company`s common stock equal to approximately 9% of the common stock outstanding as payment in full of the principal, (2) extend the loan for two successive five years terms, or (3) pay off the principal and any accrued and unpaid interest. Dean Bradley, CEO of Quasar Aerospace Industries, Inc., commented, "The company continues to make significant strides in the progressive growth of operations. Inver Finance has provided our Company with a very flexible financial instrument that I believe will provide major long-term benefits for the Company`s continued growth and success." 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. undertake no obligation to update such statements.

Quasar Aerospace Industries, Inc. Quasar Aerospace Industries, Inc. (OTC: QASP) is an integrated aviation/aerospace corporation created to pursue an innovativeand highly synergistic business strategy in the aerospaceindustry. Quasar Aerospace Industries, Inc., formerly Equus Resources, Inc., is the holding company for a group of aviation related entities that through their union strengthens the Companymaking it more efficient and profitable. Quasar is committedto the retention of the individual corporate cultures oftheir wholly owned subsidiaries while reaping the synergisticbenefit of their combined union. The units integrated in the first phase of Quasar Aerospace Industries` operations will either be wholly owned subsidiaries, or QAI will hold a minimum 80% equity.

Subsidiaries of QAI Atlantic Aviation, Inc. (AAI) was created to develop and operate flight schools nationwide Quasar Aircraft Company (QAC) is developing a four place trainer aircraft and intends to develop the Quasar I, a twin engine, six place very light jet aircraft Quasar Development Corporation (QDC) will develop future aircraft designs Quasar Financial Corporation (QFC) supports the aircraft sales process by arranging financing and insurance for customers Aviation Import/Export, Inc . (AIE) is designed to import aircraft and aircraft components

Atlantic Aviation, Inc. operates a flight school at Herlong Airport in Jacksonville, Florida. Atlantic Aviation, particularly in its franchise phase, offers a significant internal market for Quasar aircraft enabling QAC to achieve profitability sooner than would have been possible otherwise. It is anticipated that the initial Jacksonvillephase will provide early support for the corporate bottomline. Provides a ready-made market for a significant number of Quasar aircraft. Enhances QAI’s credibility with the early development of a significant and profitable subsidiary. Increases QAI’s visibility in the marketplace. Atlantic Aviation Inc. was formed to respond to a critical shortage of flight school capacity in Florida with meeting the demand for training international students. Once the initial school is operational, the goal is to market this"School Concept" as a turn-key franchise opportunityto aviation professionals around the country.

Letter of Intent for Flight School Students: Atlantic has signed a Letter of Intent with a group from India to train foreign flight students. The Company has submitted an application to the U. S. Secretary of State for operationalapproval. When the program begins, the Company plans toadd ten students per month until it is fully operationalwith 60 students in training at all times at varying stagesof training and a full capacity of 80 students. The flight training program runs for approximately six months, at a cost of $66,000 per student for the full program. At full capacity it is anticipated the Jacksonville school could generate approximately ten million dollars in revenue with margins ranging from 38-45%. The flight training program currently has eight students enrolled.

AtlanticAviation Jacksonville Facility:

The Company has applied for a long-term lease with the Jacksonville Aviation Authority for a flight training facility.

The facility will have: A 14,000 square foot maintenance hangar that will hold six aircraft A 6,750 square foot administration and training building Ramp parking for 25 aircraft

The Herlong Airport Project agreements have been signed with the Project Manager/General Contractor, the Civil Engineering firm and the Architect.

Dakota & Company of Jacksonville was selected as the general contractor. This firm has been the developer and builder of several exceptional airportprojects. Mr. Fred Dewitt, the company president, will overseeall engineering, design and construction for the maintenancehangar, office building and site development. Dakota andCompany has recently completed the Marco Airplane Hangarin Jacksonville, Florida, pictured below. www.dakotaandcompany.com .



The civil engineering company selected for the project is Phillips Civil Engineering. The architect the Company has chosen is Wharton Donaldson who is the Architect of record for the Marco Airplane Hangarand thus has a great working relationship with Dakota andCompany. www.phillipscivil.com .

The project will be the first truly Green development on any airport in the Jacksonville area. Amongst the Green Building Initiatives will be photovoltaicelectric, radiant heating and a highly insulated building.

Quasar Aircraft Company ( QAC) is a Nevada corporation owned by the current principals of QAI. QAI will be responsible for the manufacture of the Very Light Jet (VLJ) and a new advanced trainer aircraft. Quasar Aircraft Company is developing a four seat trainer aircraft and willbe the developer of a twin engine, six seat very light jetaircraft. The new advanced training aircraft will have an immediate market on certification by selling aircraft to it’s sister corporation Atlantic Aviation, Inc. Jim Ray will lead thisdevelopment team, and after extensive research feels confidentthat he will have a technically advanced, economically operatingtwo seat aircraft certified within 18 months of the beginningof development. The aircraft will use a certified Continental power plant that only burns 5.5 gallons per hour. Quasar Aircraft intends to explore the feasibility of developing a four seater version of the aircraft.

Quasar Development Corporation (QDC) is responsible for the development of the Quasar line of aircraft. A highly talented team with a great breadth of managerial and engineering experience is in place to direct QDC’s operations.James Ray with the able assistance of our blue ribbon advisoryboard will direct the engineering required to complete Proofof Concept (POC) aircraft. James Ray will serve as project manager, and Herrald Jonkers will direct marketing. Quasar Development Corporation is developing a two place aircraft. An eight/ten place aircraft would be the next development project, after that the four place craft will be placed into development. Both of these aircraft will outperform any other comparable aircraft currently on themarket with an approximate 40% fuel consumption advantage. The capstone of Quasar`s Development program will be the development of the Quasar I, a Very Light Jet. The Quasar I development project will require approximately $10 million to complete the aircraft and advance it through First Flightof the Proof of Concept aircraft. This project is 85% completed,but will not begin until a financial partner is broughton board. The proposed Very Light Jet was initiated by an aviation enthusiast from Germany who intended to build an all composite twin engine, six place aircraft which evolved into a conventionalaircraft plan. Engineers and manufacturers began work towardsbuilding the Proof of Concept aircraft. Investments of closeto $50 M USD supported the projected. The Proof of Concept was never fully developed and at the time they closed their doors they had over 700 orders with $10K deposits in escrow.

Quasar Financial Corporation (QFC) provides significant assistance to the company’s sales force by enabling themto offer “One Stop Shopping” for the customers’ acquisition, financing, and insurance needs. Quasar Financial should also provide a small but steady positive cash flow. This service corporation will facilitate aircraft financing and insurance placement for the dealer network and aircraft purchasers. It will not operate as a lender or carry any insurance risk, but rather will serve as an intermediarywith major operators in these fields.

Aviation Import-Export, Inc. (AIE) This entity has been established to meet the financial protocols of lenders, and to facilitate the transfer of funds among the various relevant entities in the enterprise.

Acquisition of Manufacturing Company for Aircraft Quasar Aerospace Industries, Inc. executed a binding agreement to acquire a manufacturing company that will provide productioncapability for the Quasar line of aircraft currently indevelopment. For security reasons the name of the companywill not be divulged until the acquisition is closed. The acquisition is to be made with private funding at $54 M, of which $40 M will be in cash and the remainder in assumption of liabilities. This acquisition when it closes is anticipatedto add approximately $44 M to the Company’s revenue streamand $10 M in EBITDA. The company to be acquired has a vast range of capability in the aerospace industry, and operates three plants totaling approximately 300,000 square feet. The company owns two of the plants equaling 190,000 square feet and leases thethird plant. The revenue and profit numbers are achievedwith less than 250 employees and an excellent safety record.

Undisclosed Purchase Agreement for Aviation/Aerospace Company
An agreement to acquire a third aviation/aerospace company was signed in May of 2009. The full Board of Directors of the company to be acquired unanimously approved recommending to the shareholders that they accept the offer of One Dollarper share for the 32 M shares outstanding. The members ofthe Board hold over 80% of the outstanding stock so shareholderapproval is certain to be obtained. The acquisition will add approximately $18 M to the Company’s annual revenue and $3.75 M to the bottom line. The currentmanagement team will remain intact. Quasar`s managementteam has been closely associated with this company for overthree years.

Business Plan

(1) A phased approach to the development of individual aircraft which will insure early profitability and minimize financial risk through time, and (2) The development of an integrated network of companies whose synergies will enhance profitability throughout the company.

Phase One The first phase of QAI’s plan consists of the development of the Quasar two seat training aircraft. The manufacture of light propeller powered aircraft has lagged significantlyin the U.S. market for some years, with the exception of“Kit Built” planes. There is a void in the market place for an affordable trainer aircraft. Cessna no longer produces the 152, and the 172 is priced in excess of $200,000. Cessna has announced the development of an LSA, to be built in China, which theyplan to begin delivering in late 2009. However, with therecent crash of the prototype could delay that program.Over 1,000 orders have been placed for this aircraft. TheQuasar trainer will be designed to fill this void, and toprovide a superior plane that is safe, dependable, extremelycost efficient, and supported by a nationwide maintenanceand repair capability. Once the Quasar trainer is established in the marketplace, the company will proceed to the development of four and ten place aircraft. The four place aircraft will begin flight tests in late 2009. This aircraft will be certified by theFAA. Company designers will work closely with the company’sAdvisory Board (Described below) in a coordinated processto insure that the final design is approved. Since the U.S.is the largest market in the world it is paramount to obtainFAA certification at the earliest possible date. The phased approach is designed for a cash positive approach with substantial revenues from inception. Research indicates that market for this category of aircraft is large, and that the market appears to be far greater than the productive capacity of the manufacturers currently in the business. Other then the projected Cessna entry,there are a few European built planes that our aircraftshould be able to compete against effectively.

Phase Two Once the Quasar line is established the Company intends to: Continue to carve a substantial niche in the affordable light plane market, Become a major player in the manufacture of aircraft/aerospace components for the aircraft industry, and Design, certify and build the best Very Light Jet aircraft available in the marketplace over the next five years. The market for Very Light Jets also appears to be greater than current productive capacity. With a production capacity of 150 planes a year, a new customer would expect to wait until 2022 to take delivery. Once the development phaseis completed the sales forecast for the Quasar I is 20 aircraftin 2010 and 100 aircraft in 2011.

Chief Executive Officer

Contact: Dean Bradley
904-612-8485
[e-mail]

Quasar Aerospace Industries, Inc.
9300 Normandy Blvd.
Suite 511
Jacksonville, FL 32221
http://www.equusresources.com

Phone: [phone]
Fax: [phone] This Profile 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 Actof 1934, as amended and such forward-looking statementsare made pursuant to the safe harbor provisions of the PrivateSecurities 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 factorsin evaluating the forward-looking statements included herein,and not place undue reliance on such statements. The forward-lookingstatements in this release are made as of the date hereofand Equus Resources, Inc. and Quasar Aerospace Industries, Inc. under take no obligation to update such statements.



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