Quasar Aerospace Announces Update on Mineseeker
Jul 1, 2010 10:28:04 (ET)
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
