Saturday, February 05, 2011 10:13:26 AM
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.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
On the question of what 'name' Quasar is operating under -
Answered =
Quasar Aerospace Industries, Inc.
a/k/a Quasar International Holdings, Inc.
In regard to who is CEO and President -
Answered =
Jeff DiGenova
CEO & President
On the seemingly elusive task of reading between the lines regarding the prior update and fraudulent filing -
Answered =
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:
And ...
... 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.
In regard to the integrity of Mr. DiGenova's willingness to, in his own words; " ... no one will be given safe quarter. All pertinent documents from prior management have been turned over to our representation. To use prior management's terminology, justice is “imminent".”
Answered =
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.
On whether Centaflix is still committed -
Answered =
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.
Lastly, on the rhetorical question of what publicly available documentation exists -
Answered = http://www.quasarinternationalholdingsinc.com/Shareholder%20Update.pdf
This is beyond fantastic news for true shareholders here. As Jeff stated earlier, "My number one concern is in building a real business and am content to let our actions speak for themselves".
http://quasarinternationalholdingsinc.com/news.html
Justice is “imminent"
