NEWS...
Apr 26, 2011
Update on Pending Merger and Stock Exchange
We are moving forward with final arrangements on our merger with a company TBA, finalizing the details of a share exchange with the common shareholders of Quasar Aerospace Industries, Inc. Our transfer agent has informed our board that we can register these shares in the exchange in order for them to be eligible to be free trading by filing an S1 or S4 Registration with the SEC, and pending approval by that agency. Our Board has decided to obtain an attorney to expedite this process. We believe that this will better serve the Quasar Shareholders and the company, while bringing value to all shareholders and affiliates. Our founder, James Owens feels that in regards to the needs of the shareholders, these actions will better serve them. Mr. Owens has stated that, " We would like to thank all that have assisted in this process and look forward to a new future with Centacom/Centaflix. When good people have good intentions, no matter what the obstacles placed before them, what is right will prevail. In the end, there is nothing like a good plan when it all comes together."
As soon as we are given clearence by our attorneys, Centacom / Centaflix will be announcing in a Press Release the merger and final details of the exchange. For the record, Centacom would like to make it known that approximately 22% of our company has been reserved and will be utilized for the Quasar shareholders who wish to join us. It has always been the main goal of Mr. Owens to bring value to the shareholders; by providing this offer to the Quasar Common Shareholders, we will be able to add another piece to our team that both management and investors can feel confident in, moving forward as a transparent, revenue based, forward thinking public company. For all information, please contact Investor Relations at IR@centacom.com
AI
