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[funken_a]

(QASP) She's running...

http://ih.advfn.com/p.php?pid=nmona&article=41129293&symbol=QASP

Dean Bradley, the CEO of Quasar Aerospace Industries, Inc., is pleased to announce the closing of the first two of its acquisitions. The companies were acquired with a combination of cash and notes. Their identity will be disclosed in a future press release after they have had an opportunity to inform all of their customers and vendors of the change in control


The Company has entered into an agreement with Tigerfish Aviation Pty. Ltd

Of Australia to form a joint venture by forming a US company tentatively to be named Tigerfish Aviation USA, Inc. The ownership of this company will be 70% QASP and 30% Tigerfish/Australia. QASP will make an initial investment in the US company of $5,000,000 to move forward the development of the Retractable Amphibious Pontoon Technology (RAPT). The CEO was in Germany the third week of December and met with individuals from ELAN-EDAG, a worldwide private engineering firm that is eager to join us in taking the RAPT to the next level


Last but not least the company made a substantial donation to the Red Cross Disaster Relief Fund for the victims of the devastating earthquake in Haiti. The CEO personally matched the company's donation. We urge all of our shareholders to consider helping the charity of their choice to whatever level they can comfortably afford