NEWS - Quasar Aerospace Announces Update on Mineseeker
JACKSONVILLE, FL, Jul 01, 2010 (MARKETWIRE via COMTEX) -- The CEO of Quasar
Aerospace Industries, Inc. (PINKSHEETS: QASP), Dean Bradley, announces that
Quasar Aerospace Industries, Inc. has fully funded the Mineseeker Overseas
Operations LTD Croatia demonstration. Mr. Bradley is in Europe and will be
attending and monitoring the demonstrations in person.
Quasar Aerospace Industries, Inc. and Mineseeker Overseas Operations LTD have
extended the option for closing the equity purchase by Quasar of Mineseeker
until July 31, 2010. The equity purchase was delayed in order to fully fund the
Croatia demonstration program. This program is a key venue allowing for a live
demonstration of the Mineseeker technology to a worldwide audience.
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. undertakes no obligation to update such
statements.
Contact:
Quasar Aerospace Industries, Inc.
IR@quasaraerospace.net
SOURCE: Quasar Aerospace Industries, Inc.
CONTACT: mailto:IR@quasaraerospace.net
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SUBJECT CODE: Aerospace and Defense:Aircraft
