News - Quasar Aerospace Industries, Inc. CEO Dean Bradley Advising Shareholders
of Personal Purchases of Quasar Aerospace Stock
JACKSONVILLE, FL, Oct 28, 2009 (MARKETWIRE via COMTEX) -- Quasar Aerospace
Industries, Inc. (PINKSHEETS: QASP) -- Dean Bradley, the CEO of Quasar Aerospace
Industries, Inc. has notified the company that he has to date purchased
2,000,000 shares of the company's common stock on the open market. To date he
has invested $41,110.52, and intends to continue buying up to $50,000 worth. Mr.
Bradley's account is with Deutsche Bank Securities, and the bank's compliance
department required the company to suspend its share buy back until Mr. Bradley
completed his personal purchases. Mr. Bradley must comply with SEC Rule 10b-18
with these purchases and his shares become restricted under Rule 144.
Immediately upon Mr. Bradley completing his personal purchases, the company will
resume its buy back program, and the Board of Directors has authorized the
officers to repurchase up to 20% of the total outstanding shares. To date the
company has repurchased 15,489,300 shares and invested $317,821.92 in the
endeavor.
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.
Qasp-Info@equititrend.com
1-585-6988
SOURCE: Quasar Aerospace Industries, Inc.
CONTACT: mailto:Qasp-Info@equititrend.com
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