Quasar Aerospace Industries, Inc. is pleased to announce completion of its name change and the assignment of the new trading symbol by FINRA as of 06/16/2009. The starter up company is looking to strengthen its position in aerospace, marine and automobile industry. Dean Bradley, the CEO, has been working on this deal for 4 years, before buying out Equus Resources, Inc. On 07/23/2010 the company announced a name change from Quasar Aerospace Industries, Inc. to Quasar International Holdings, Inc. As of 08/03/2010 Quasar International Holdings, Inc. was filed under the Colorado business division. http://www.sos.state.co.us/
Share Structure
Outstanding Shares 1,499,786,263 as of Aug. 11th, 2010
Authorized Shares of 1.5 billion.
Preferred Shares of 50 million
Series Preferred A, B, and C shares under the CO SOS website
Summary
QASP has 9 or more acquisitions they are trying to acquire. They have closed two of them, but will not disclose their names. They have acquired Atlantic Aviation, Corporate Air Repair, CET Corporation, Debonair Charters, Quasar Aircraft Corporation, Tigerfish Aviation, helicopter parts and an option for Mineseeker in UK. There are many filings on sunbiz.org for Florida under the name of Dean Bradley. The company has been delayed on many things and is still on track for the lenders term of 350 million dollar loan.
Atlantic Aviation
Atlantic Aviation, Inc. (AAI) is a flight school located at Herlong Airport in Jacksonville, Florida. Jacksonville’s newest flight school has helped spread the awareness of general aviation by offering introductory flight demos for $59 and voluntary charity events for the youth. AAI is a subsidiary of Quasar Aerospace Industries, which is involved in various aspects of aviation, including manufacturing of aircraft parts and the development of a VLJ (Very Light Jet). Once the initial school is operational, the goal is to market this “School Concept” as a turn-key franchise opportunity to aviation professionals around the country. They offer training in the state-of-the-art Redbird Flight simulators and the airplanes they acquired last year. AAI has signed a Letter of Intent with a group from India to train foreign flight students, and has submitted an application to the U. S. Secretary of State for approval for this operation. When the program begins, the Company plans to add ten students per month until it is fully operational with 60 students in training at all times at varying stages of training and a full capacity of 80 students. The flight training program runs for approximately six months, and each student pays $66,000 for the full program.
The Company is working on a twenty year lease with the Jacksonville Aviation Authority (JAA) for a new hanger and flight training facility. Recently, AAI has leased an additional facility at Craig Airport which is thirty minutes away from Herlong Airport. AAI and Corporate Air Repair will expand its flight training and repair services at Craig Airport.
The facility at Herlong will have:
3.5 acre site full development and valued around 3 million dollars for the project 14,000 square foot pre-engineered steel building on Monolithic slab and foundation including 3,173 square feet of interior finished office area (Maintenance Hangar) 7,992 square foot ICF building with a standing seam roof on wood trusses including interior finishes (Flight School) Ramp parking for 25 aircraft or more Completion date set for May of 2011
CET (Combustion Engine Technology) Corporation, based out of Florida, is the first of four acquisitions for Quasar. CET Corporation will provide the nucleus of Quasr's Automotive Group. CET manufactures high performance gas and diesel engines for the automotive and marine industries. They are also working in the field of green technology conversions for truck fleets using clean low emissions propane fuel. It is estimated that CET will add approximately $5.6 million in revenue in the first twelve months with an EBITDA of $700,000. CET is in the position to work with manufactures, joint venture partners, and to establishing worldwide licensing agreement. The company is poised to move into the marketing portion of the project and to address the interest that has been received from the different OEM Manufactures. CET has several other projects currently in process and will be capitalizing on the projects that generate the best opportunities for the company and the technology. Combustion Engine Technology is excited to have a vision for the future, but we are most excited to have the ability to deliver the engine of the future today.
Mineseeker
Mineseeker Operations UK Limited Unit 1 The Control Tower Wolverhampton Business Airport Bobbington, Stourbridge DY7 5DY United Kingdom http://www.mineseeker.com
Quasar Aerospace Industries Takes Option in High Tech Landmine Company. 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. Mike Kendrick founded The Mineseeker Foundation and Mineseeker Operations and personally recruited eminent patrons including Nelson Mandela, Queen Noor, Sir Richard Branson, and Lord Attenborough. Mineseeker Operations plans to use a unique ground-penetrating radar system that can detect landmines from an aerial platform – a small plane or helicopter – combined with a GPS and video mosaic system that will accurately map minefields and produce detailed photographic images of affected areas.
Management of Mineseeker
Mr. Micheal M. Kendrick – Executive Chairman Edward D. Cross – CEO Mr. Mark P. Dorey – Commercial Director Sarah J. Williams – Secretary
Tigerfish Aviation
Tigerfish Aviation 27 Sydenham Road Norwood SA, 5065 Australia
US company tentatively to be named Tigerfish Aviation USA, Inc. The ownership of this company will be 70% QASP and 30% Tigerfish/Australia. QASP will make an initial investment in the US company of $5,000,000 to move forward the development of the Retractable Amphibious Pontoon Technology (RAPT).
Saxon Rudduck – Managing Director Alan Smith – Engineering Director Dickory Rudduck – Commercialization Director Matthew Tetlow – Senior Project Engineer http://en.wikipedia.org/wiki/RAPT_system
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