Quasar Aerospace Industries, Inc. Announces a Joint Venture to Develop a New Generation of Aircraft Engine
Market Wire "US Press Releases "
JACKSONVILLE, FL -- (MARKET WIRE) -- 11/24/09 --
Quasar Aerospace Industries, Inc.
(PINKSHEETS: QASP)
Dean Bradley, Quasar's CEO, is pleased to announce entering into a joint
venture to develop a new aircraft engine utilizing cool burning high
efficiency engine technology developed and tested in the high performance
auto racing venue. We believe we will be able to manufacture a lighter
weight engine that produces greater horsepower and achieves improved fuel
consumption over any engine available on the market today. Quasar has
already begun funding the development of the program and is very encouraged
with our progress.
James Ray, the president of Quasar Aircraft Corporation will manage the
development project with our aeronautical engineers and the engineers from
the engine company.
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:
scott.martin@jpccapital.com
Investor Relations
QASP-info@equititrend.com
800-585-6988
