Shareholder Update
I have waited to issue a response to recent events until given clearance by the proper authorities. For all those who have questioned the recent filings and their authenticity, there is no questioning the attached subpoena and other documents:
Jeff DiGenova
CEO & President
Quasar Aerospace Industries, Inc.
a/k/a Quasar International Holdings, Inc.
FEBRUARY 04, 2011
For Immediate Release
QUASAR AEROSPACE INDUSTRIES, INC.
PINKSHEETS: QASP
9300 NORMANDY BLVD., SUITE 511 JACKSONVILLE FL 32221 US
JEFF DiGENOVA, CHIEF EXECUTIVE OFFICER
UPDATE ANNOUNCEMENT REGARDING QUASAR AEROSPACE INDUSTRIES, INC. AND CURRENT MANAGEMENT STRUCTURE
Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (“Quasar”), provides this update announcement regarding the current management structure of Quasar and the recent developments involving alleged management and capital stock structure changes as provided in a fraudulent filing made to the Colorado Secretary of State, Business Division, on or about January 31, 2011. Quasar does not authorize an increase in the authorized stock issuance of the company nor does it authorize a change of management as outlined in the improper filing referenced above.
Jeff DiGenova, CEO and President of Quasar, contacted the appropriate authorities in early October of 2010 to report alleged fraudulent business activities by prior management. Since Quasar’s initial contact with the authorities, the Federal Bureau of Investigation, the Securities and Exchange Commission, the Internal Revenue Service, the State Attorney’s Office, and the Jacksonville Sheriff’s Office are involved in the substantial investigation of fraudulent activities on the part of certain prior management and accomplices. Quasar, in cooperation with the Federal and State authorities, is currently preparing documentation requested by subpoena concerning the alleged criminal conduct of Dean Bradley and his accomplices.
Quasar and Centaflix Corporation (“Centaflix”) remain committed to the proposed merger as announced on January 27, 2011. Centaflix and its legal team are now working with Quasar in a concentrated effort
for the prosecution of all fraudulent activities to the fullest extent allowable by law. Centaflix is committed to the prospect of value from this merger and is committed to bring value to Quasar and its shareholders.
ALL INQUIRIES REGARDING THIS NOTICE OR THE PROPOSED MERGER SHOULD BE ADDRESSED TO THE FOLLOWING FIRM CONTACT:
BATAINEH | PALMERI, LLP
info@batainehlaw.com
c/o Quasar – Centaflix Merger Team
