Sunday, May 30, 2010 11:50:48 AM
http://finance.yahoo.com/news/Quasar-Aerospace-Industries-iw-4167306454.html?x=0&.v=1
Branson is involved with the non-profit Minesweep FOUNDATION, not the for-profit Minesweep Operations.
"A formal press announcement will be made on completion.
A rumor has been spread by people who do not seem to bother with the truth or getting the facts straight that QASP is dealing with the Mineseeker Foundation which is totally incorrect. QASP is acquiring a 51% interest in Mineseeker Overseas Operation, Ltd., which is incorporated in BVI.
This for-profit corporation is currently negotiating hundreds of millions of dollars of contracts with companies in the Balkans and Africa. The particulars of these contracts will be shared at an appropriate time. QASP has invested $847,000 in Mineseeker Operations to date and will be advancing an additional $160,000 this week which will take our investment to just over $1,000,000."
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