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Posted by: Texan77 Member Level Date: Friday, July 16, 2010 6:25:48 PM
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Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) -- The Board of Directors of Quasar Aerospace Industries, Inc. met in a special session on July 15, 2010. After consultation with both our securities and general counsel, the Board unanimously approved authorization for the CEO, Dean Bradley, to retain a special litigation law firm to sue a number of alleged stock manipulators and IHUB for alleged stock manipulation and slander.

In addition, the Board set the time and date for the Annual Meeting as October 8, 2010 at 12:00 P.M. (E.S.T.). The Annual Meeting location shall be at Deerwood Country Club in Jacksonville, Florida. Further instructions will be delivered soon.

There will be a conference call at 4:00 P.M. on Tuesday, July 20, 2010. The call coordinates will be announced in a Press Release on Monday, July 19, 2010.