From the Quarterly Report issued today, the company plans on growth from each of its subsidiaries TO EXCEED 20% for the next 2 calendar years - that's phenominal growth for any company! See below:
Makamai
Management’s discussion and analysis or plan of operation. During the next year, Quasar Aerospace Industries plans to pursue a selective growth strategy. The Company will close the six acquisitions that are currently in progress. In addition, Quasar will evaluate and improve the synergies that result from having them under the corporate umbrella. These synergies include centralized purchasing, health care, accounting and legal support, etc. In addition, the Company will continue the development of our VLJ and trainer aircraft, moving toward first flight and the subsequent certification by the FAA. The Company will continue the expansion of Atlantic Aviation's flight training program.
Currently, the Company is working with the State Department and TSA in anticipation of opportunities to recruit foreign flight students. Quasar has begun negotiations to fund Quasar Financial Corporation with capital that will enable it to finance the sale of our finished aircraft. The Company will begin the stock buy-back program on or about September 28, 2009. It is our intention to work toward acquiring approximately 20% of our outstanding shares for use in our stock incentive programs for key employees in the various subsidiaries.
The Company is anticipating growth in each of its subsidiaries to exceed 20% per year for the next two calendar years. Dean Bradley, CEO,is highly optimistic that all of these goals will be met, and is looking forward to building share value based on the completion of these efforts.
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