Quasar Aerospace Industries, Inc. Announces Intent to Sue Alleged Stock Manipulators and IHUB, and Announces the Setting of the
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.
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. under take no obligation to update such statements.
Contact:
Quasar Aerospace Industries, Inc.
IR@quasaraerospace.net
