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Re: Pennyland post# 74883

Saturday, 01/23/2010 9:38:17 AM

Saturday, January 23, 2010 9:38:17 AM

Post# of 375420
Kaney Aerospace, a Veteran Owned Emerging Small Business, is a leader in Engineering Design & Development, Engineering Marketing & Consulting, Maintenance/Installation, and Testing/Thermodynamics plus Project Management.



JACKSONVILLE, FL, May 13, 2009 (MARKETWIRE via COMTEX) -- 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 sometime prior to July 31, 2009 will add approximately $8 million to our revenue stream and $2 million in EBITDA.
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