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4 ACQ Revenues: $150,000,000 EBITDA: $33,000,000
DD on the first 4 possible - acquistions ( Out of 6 Possible ACQ?)
This what the company pr in the past -
FROM QASP DD POST BELOW
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44199843
1. This acquisition when it closes it will add approximately $44 million to our revenue stream and $10 million 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 sq. ft. The company owns two of the plants equaling 190,000 sq. ft. and leases the third plant. The handsome revenue and profit numbers are achieved with less than 250 employees, and does so with a superb safety record.
2. Quasar Aerospace Industries, Inc., formerly Equus Resources, Inc. (PINKSHEETS: EQUR), is pleased to announce an agreement in principal to acquire an aerospace engineering firm located in the Southeast area of the US. This acquisition will provide the company with a full line of engineering capability for the Quasar line of aircraft currently in development. For security reasons the name of the company will not be divulged until the acquisition is closed. The acquisition is to be made with private equity funding and will be an all cash transaction. This acquisition when it closes it will add approximately $8 million to our revenue stream and $2 million in EBITDA.
3. Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR). Quasar Aerospace Industries, Inc. is pleased to announce the signing of an agreement to acquire a third aviation/aerospace company. The full Board of Directors of the company to be acquired unanimously approved recommending to the shareholders that they accept the offer of One Dollar per share for the 32,000,000 shares outstanding. The members of the Board hold over 80% of the outstanding stock so shareholder approval is certain to be obtained. The company's name for the obvious reasons must remain anonymous until the transaction is closed, which is scheduled for August of this year. This acquisition will add approximately $18,000,000 to our annual revenues and $3,750,000 to the bottom line.
4.Quasar Aerospace announced that at a special meeting of its board of directors on August 5th, the board authorized The Chief Executive Officer to sign the agreement in principle to acquire our Target Acquisition #4 (TA#4). It has been agreed that TA#4 must be closed simultaneously with the three previously announced acquisitions. Therefore the closing date for all four has been delayed until August 28, 2009. This deal will more than double the previously announced forecasts for both revenue and profit for 2010. We are now estimating that our 2010 revenue will exceed $150 million and our pre-tax profit is estimated at approximately $33 million.
Total from the 4 Acquisitions
Revenues: $150,000,000
EBITDA: $33,000,000
QASP Conference Call Tomorrow -INFO?
Is this still on tomorrow ?
Every Wednesday?
Make Mike Kendrick part of the CC
I would like to hear from him about QASP and Mineseeker / etc
THINK?
Conference Call Wednesday, May 19, 2010 - 4p.m. EDT
Only the time has change to after the bell ?
Loan and Acquisition Status Conference Call:
Wednesday, May 19, 2010 - 4p.m. EDT
Toll Free Number: (1-800-868-1837) Participant Code: 627211#
Direct Dial Number: (1-404-920-6695) Participant Code: 627211#
CC Wednesday, May 19, 2010 - 2p.m.
During the trading day -
Loan and Acquisition Status Conference Call Wednesday, May 19, 2010 - 2p.m. EDT Toll Free Number: (1-800-868-1837) Participant Code: 627211# Direct Dial Number: (1-404-920-6695) Participant Code: 627211#
Other Assets Mineseekers 219,607.69
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=31987
QASP Other Assets
Investment In Subsidiary
Atlantic Aviation
78,435.47
CET
-2,943.62
Gillian & Associates
4,500.00
McKenzie Capital
837.48
Mineseekers
219,607.69
QAS- Wachovia- 0251
60,000.00
QUASAR- BOA
-61,000.00
Quasar Aircraft Company
1,080,908.38
Quasar Marine
104.34
Roy Topic
7,500.00
TA1
-80,000.00
Tigerfish USA
9,600.15
Tim Reed
3,000.00
Investment In Subsidiary - Other
531,201.00
Total Investment In Subsidiary
1,851,750.89
5-12-10 9300 NORMANDY BLVD. SUITE 511
Interesting address change -
http://www.sunbiz.org/search.html
AVIATION SUPPLY CORPORATION
Filing Information
Document Number P10000040918
FEI/EIN Number NONE
Date Filed 05/12/2010
State FL
Status ACTIVE
Effective Date 05/12/2010
Principal Address
9300 NORMANDY BLVD.
SUITE 511
JACKSONVILLE FL 32221
also
CORPORATE AIR REPAIR, LLC
Filing Information
Document Number L07000101822
FEI/EIN Number 261195439
Date Filed 10/05/2007
State FL
Status ACTIVE
Last Event LC AMENDMENT
Event Date Filed 05/12/2010
Event Effective Date NONE
Principal Address
9300 NORMANDY BLVD.
SUITE 511
JACKSONVILLE FL 32221
Changed 05/12/2010
--------------------------------------------------
SAME AS
QUASAR AEROSPACE INDUSTRIES, INC.
Filing Information
Document Number F09000004318
FEI/EIN Number 201974292
Date Filed 11/03/2009
State CO
Status ACTIVE
Principal Address
9300 NORMANDY BLVD., SUITE 511
JACKSONVILLE FL 32221
ok thanks
No need - hope it is a great CC
GLA
PP
IR "Mr Bradley will issue a press release"
Was this the exact words ?
QASP expecting news soon
QASP looking good - check it out
News Soon?
CAGE Code: 1TW06
Company Name: AVIATION SUPPLY CO INC
CAGE Code: 1TW06
DUNS Number: 025041633
JCP Cert. Number: 0033498
ZIP Code: 60435
State: IL
Phone: 8157740230
Company Name: AVIATION SUPPLY CO INC
CAGE Code: 1TW06
Status: A - Active Record
Parent CAGE:
Address: 2030 B N RAYNOR AVE
P.O. Box:
City: JOLIET
ZIP: 60435 - 2485
CAO-ADP: S1403A - HQ0339
State: IL
County: WILL
ACC - more info on ASC
In 1948 he opened Avaition Supply Company, Inc. at 6119 Cicero Ave in Chicago.
The company remained at the same location across from Midway Airport until 1995 when the city of Chicago's airport expansion plans overtook the properties on the east side of Cicero. Raymond then moved the long established firm to Crest Hill, Illinois in 1997 where it still resides today.
newer address
2030B North Raynor Ave.
Crest Hill, Illinois 60435
old address
AVIATION SUPPLY CO INC
2030 B N RAYNOR AVE
JOLIET, IL 604352485
oldest address
6119 Cicero Ave in Chicago.
AVIATION SUPPLY CO INC
2030 B N RAYNOR AVE
JOLIET, IL 604352485
http://aviationsupplycompany.com/index.html
Same Company ?
Weapon System KC-135R ?
http://www.governmentcontractswon.com/department/defense/aviation_supply_co_inc_025041633.asp?yr=08
Defense Contract List
for the Year 2008
for this Contractor (* Contract Dollar Amounts and Defense Dept Contract IDs are available with data download)
Contract Dollar Amount *
Defense Dept Contract IDs/Numbers *
Product/Service Valves, Nonpowered
Government Contracting Office DEFENSE LOGISTICS AGENCY Principal Place of Performance Joliet, Illinois
(Will County)
Claimant Program AIRCRAFT ENGINES AND SPARES
Weapon System KC-135R
From Date 9/30/2008 To Date 9/30/2008
QASP - news soon ? .0078X.0079
QASP hitting .0076.
QASP .0076.
QASP upticking .007 X 0072
QASP news soon ? .007 X 0072
QASP waking up .007 X 0072
QASP going .007 X 0072
QASP .007 X 0072 - 5-12-10 corp filings found
Also - CORPORATE AIR REPAIR, LLC
Filing Information
Document Number L07000101822
FEI/EIN Number 261195439
Date Filed 10/05/2007
State FL
Status ACTIVE
Last Event LC AMENDMENT
Event Date Filed 05/12/2010
Event Effective Date NONE
Principal Address
9300 NORMANDY BLVD.
SUITE 511
JACKSONVILLE FL 32221
Changed 05/12/2010
Mailing Address
9300 NORMANDY BLVD.
SUITE 511
JACKSONVILLE FL 32221
Changed 05/12/2010
Registered Agent Name & Address
ODDY, KENNETH R
9300 NORMANDY BLVD.
SUITE 511
JACKSONVILLE FL 32221
Name Changed: 09/19/2008
Address Changed: 05/12/2010
Manager/Member Detail
Name & Address
Title MGR
BRADLEY, DEAN
9300 NORMANDY BLVD. SUITE 511
JACKSONVILLE FL 32221
Title MGRM
QUASAR AIRCRAFT CORP
9300 NORMANDY BLVD. SUITE 511
JACKSONVILLE FL 32221
Title MGRM
HENDERSON, JOSHUA R
9300 NORMANDY BLVD. SUITE 510
JACKSONVILLE FL 32221
05/12/2010 ? AVIATION SUPPLY CORPORATION
Nice find -
05/12/2010 -- Domestic Profit
http://www.sunbiz.org/pdf/40766594.pdf
MAY 11 $12 Million Grant - Slovenia: United States
Slovenia: United States Supports Humanitarian Demining Efforts with New $12 Million Grant
Today at 7:24am
The United States is proud to partner with Slovenia and its International Trust Fund for Demining and Mine Victims Assistance (ITF) to reduce threats to post-conflict communities from landmines and unexploded munitions, and announces $12 million in new support through the Bureau of Political-Military Affairs’ Office of Weapons Removal and Abatement.
The grant, announced on May 11 in Ljubljana by Deputy Assistant Secretary for Political-Military Affairs Thomas J. Masiello, will provide dollar-for-dollar matching grants to other public and private donors’ contributions, effectively doubling International Trust Fund funding for mine clearance, survivor assistance, mine-risk education, and related programs in the Balkans. Since 1998, the United States has provided more than $138 million to the International Trust Fund to help safely clear more than 92 million square meters of land and provide services to more than 1,000 individuals through this unique funding mechanism.
“Through ITF, Slovenia plays a special role as a steward of the international community’s efforts and donations for mine action in the region,” Masiello said. “We are pleased to contribute and, through our matching funds, encourage others to do so as well.”
The International Trust Fund for Demining and Mine Victims Assistance is a non-profit, humanitarian organization founded by the Government of the Republic of Slovenia in March 1998. Originally aimed at supporting post-conflict recovery in Bosnia and Herzegovina, ITF rapidly expanded operations into other countries in the region facing dangers from landmines and unexploded munitions, including Albania, Croatia, Kosovo, Macedonia, Montenegro, and Serbia. The United States also partnered with ITF, the International Committee of the Red Cross, and the Israeli Government to provide medical evaluation and treatment for children from Gaza injured by landmines and explosive remnants of war during the winter 2008 - 2009 conflict.
The United States is the world’s single largest financial supporter of humanitarian mine action. Since 1993, the United States has partnered with 63 partner organizations like the International Trust Fund to deliver more than $1.5 billion toward landmine clearance and conventional weapons destruction in 47 countries. For more information, please visit the Office of Weapons Removal and Abatement at www.state.gov/t/pm/wra.
Right-Left: International Trust Fund Director Dorijan Maršic; Chairman of ITF Managing Board Ambassador Andrej Benedejcic; Deputy Assistant Secretary for Plans, Programs and Operations, Brigadier General Thomas J. Masiello; Chargé d’Affaires Brad Freden from the U.S. Embassy Ljubljana; and Program Officer Mark W. Adams from the Office of Weapons Removal, U.S. State Department.
“Photo by Bor Slana/Foto Bobo”
Director Maršic and Program Officer Adams signing the Agreement
“Photo by Bor Slana/Foto Bobo”
Working together for everyone’s benefit
“Photo by Bor Slana/Foto Bobo”
Bridge Loan - pending the arrangement of larger or longer-term financing."
humm
A bridge loan (usually bridging loan in the United Kingdom, also known as a "caveat loan," and also known in some applications as a swing loan) is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years[1] pending the arrangement of larger or longer-term financing.
"pending the arrangement of larger or longer-term financing."
humm
A bridge loan (usually bridging loan in the United Kingdom, also known as a "caveat loan," and also known in some applications as a swing loan) is a type of short-term loan, typically taken out for a period of 2 weeks to 3 years[1] pending the arrangement of larger or longer-term financing.
humm
Main Page bridgnorthjournal showing todays article
Bottom Middle
Boost for landmines inventionA top US aerospace company has purchased an option to take a controlling share in a UK-based high-tech landmine detection company headed by a Bridgnorth man.
http://www.bridgnorthjournal.com/section/news/
Bridgnorth man Mike Kendrick
yes
Have a great weekend all
PP
NEWS Article Out - This article posted on May 7, 2010, filed
This article posted on May 7, 2010, filed
"Mike Kendrick and Dean Bradley were meeting at the Quasar Aerospace base in Jacksonville, Florida to finalise the deal."
Boost for landmines inventionA top US aerospace company has purchased an option to take a controlling share in a UK-based high-tech landmine detection company headed by a Bridgnorth man.
Quasar Aerospace Industries Inc plans to invest substantially in the Mineseeker Operations group, with the deal scheduled to be finalised shortly.
Mineseeker Operations intends to use a unique ground-penetrating radar system that can detect landmines from an aerial platform – a small plane or helicopter – combined with a GPS and video mosaic system that will accurately map minefields and produce detailed photographic images of affected areas.
“We are delighted that Quasar Aerospace will become investors in this company,” said Mike Kendrick, executive chairman of Mineseeker Operations UK Ltd and founder/CEO of the not-for-profit Mineseeker Foundation.
“There is a massive humanitarian need to rid the planet of landmines, which maim and kill innocent people every hour of every day, and current efforts to detect and destroy mines are taking too long and costing too much.
“Currently, it can cost more than $1 million dollars per square kilometre to declare land mine free – we will be able to survey a square kilometre at a fraction of that price, delivering a healthy profit for our investors whilst simultaneously fulfilling a massive need.
“The United Nations has estimated that it will take several hundred years, at the current rate, to rid the planet of the tens of millions of buried of landmines and other munitions left behind in war zones since the First World War.
“Our technology is designed not only to vastly reduce the cost involved in identifying mines and other ordnance but also to dramatically speed up the process – current detection efforts involve operatives probing the ground by hand.
“The landmine is a man-made disaster, now we have a man-made solution to rid war-torn areas of this daily threat to life and limb and return thousands upon thousands of acres to much-needed agriculture.”
Dean Bradley, CEO of Quasar Aerospace, added: “I am delighted to have secured the option on the Mineseeker business and am keen to finalise the agreement before the end of April so we can move forward together and deliver this much-needed breakthrough to the market.
“There is a massive and urgent need to tackle the landmine problem, and we have both the team and technology to do it.
Furthermore, once the acquisition is completed we will be looking to deploy the technology for use in other commercial applications which would benefit from the high-tech surveys that we can offer.
“The synergy with Quasar, with its assets and interest in aircraft and training, is obvious and we feel that this acquisition will be an excellent fit.”
Mike Kendrick and Dean Bradley were meeting at the Quasar Aerospace base in Jacksonville, Florida to finalise the deal.
http://www.bridgnorthjournal.com/2010/05/07/boost-for-landmines-invention/
UK? Quasar Aerospace International = QAI
Maybe Registered in the UK ?
NEWS TODAY Quasar Aerospace International
Press Release Source: Quasar Aerospace Industries, Inc. On Friday May 7, 2010, 11:59 am
JACKSONVILLE, FL--(Marketwire - 05/07/10) - Quasar Aerospace Industries, Inc. (Pinksheets:QASP - News)
Dean Bradley, the CEO of Quasar Aerospace Industries, Inc., announces the following on behalf of Mineseeker Operations UK Ltd.:
Mineseeker Operations UK Ltd report on Croatia Landmine Symposium.
The Mineseeker Operations team has returned from the International Symposium Humanitarian Demining, Sibenek Republic of Croatia, after receiving a very positive response from the humanitarian demining industry.
The Mineseeker team presented its technology to the symposium delegates as a pre-curser to an industry demonstration in June, at two locations near Sibenek, on the Dalmatian coast.
Mike Kendrick, Chairman of Mineseeker operations UK Ltd, who attended the symposium has reported, "A great deal of interest in the technology." He added, "It seems to confirm what we already knew, -- that the industry is eagerly awaiting this development in technology." "We have now been asked to consider a specific demonstration for the United Nations and have been invited to enter discussions with a foreign Government and are currently making arrangements to visit their country."
An announcement regarding the progress on acquisition negotiations for Quasar Aerospace International to take a controlling interest will be made within two weeks.
$350,000,000 what can this buy ?
Still waiting here
GLA
PP
private jet charters? helicopters, etc ?
humm
New Closing ? jet aircraft and helicopters of the charter company which we will close later this month.
"charter company" :::???
JACKSONVILLE, FL, May 06, 2010 (MARKETWIRE via COMTEX) -- Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)
Dean Bradley, the CEO of Quasar Aerospace Industries, Inc. announces closing the acquisition of Corporate Air Repair, Inc. The payment for this wholly owned subsidiary was made and the stock of the company delivered to us by the owner and his attorney. Closing this transaction, which is the third acquisition to be closed (not Target Acquisition #3), provides us with a full line maintenance facility which will be necessary for our Atlantic Aviation Training Academy as well as the jet aircraft and helicopters of the charter company which we will close later this month.
press release will be forthcoming in a day or so from Mineseeker UK with a report on the international land mine conference held in Croatia two weeks ago. The Chairman of that company has asked the QASP shareholders to cease their barrage of emails, which he will no longer respond to. Mineseeker and QASP will issue a joint statement in the very near future.
CET Corporation
Thanks - great work as always
- I for one did not see this before
http://sunbiz.org/pdf/78713226.pdf
QASP website under contruction still
http://www.quasaraerospace.net/
Here is some pics I found
Any new ones here?
http://images.google.com/images?um=1&hl=en&tbs=isch%3A1&sa=1&q=quasaraerospace.net%2Fimages%2Fphotos.jpg&btnG=Search&aq=f&aqi=&aql=&oq=&gs_rfai=&start=0
"*** We welcome QUASAR AEROSPACE as our new Corporate Patrons ***"
Humm
Now Scrolling
http://www.thesoleofafrica.org.za/