1)Quasar Aerospace Industries, Inc. Announces an Option to Acquire Manufacturing Company JACKSONVILLE, FL--(Marketwire - May 5, 2009) - Quasar Aerospace Industries, Inc. (PINKSHEETS: EQUR) (formerly) Equus Resources, Inc. (EQUR)
Quasar Aerospace Industries, Inc. is pleased to announce the signing of and execution of a binding agreement to acquire a manufacturing company that will provide production capability for the Quasar line of aircraft currently in development. For security reasons the name of the company will not be divulged until the acquisition is closed.
The acquisition is to be made with private funding at $54 million, of which $40 million will be in cash and the remainder in assumption of liabilities. This acquisition when it closes sometime prior to July 31, 2009 will add approximately $44 million to our revenue stream and $10 million in EBITDA.
The company to be acquired has a vast range of capability in the aerospace industry, and operates three plants totaling approximately 300,000 sq. ft. The company owns two of the plants equaling 190,000 sq. ft. and leases the third plant. The handsome revenue and profit numbers are achieved with less than 250 employees, and does so with a superb safety record.
Dean Bradley, the company CEO, is pleased beyond words that this superbly managed company has elected to join the Quasar Aerospace family.
2)Quasar Aerospace Industries, Inc. Announces an Agreement to Acquire an Aerospace Engineering Firm JACKSONVILLE, FL--(Marketwire - May 13, 2009) - Quasar Aerospace Industries, Inc., formerly Equus Resources, Inc. (PINKSHEETS: EQUR), is pleased to announce an agreement in principal to acquire an aerospace engineering firm located in the Southeast area of the US. This acquisition will provide the company with a full line of engineering capability for the Quasar line of aircraft currently in development. For security reasons the name of the company will not be divulged until the acquisition is closed.
The acquisition is to be made with private equity funding and will be an all cash transaction. This acquisition when it closes sometime prior to July 31, 2009 will add approximately $8 million to our revenue stream and $2 million in EBITDA.
Once the definitive Agreement has been executed, sometime in the next 30 days, Quasar will award the $6 million contract for the completion of the engineering for the Quasar I, very light twin engine aircraft to this firm.
Dean Bradley, the company CEO, is pleased to be able to announce this important component that will provide one more essential technology to our family of companies.
3)Quasar Aerospace Industries, Inc. Announces an Agreement for Its Third Acquisition JACKSONVILLE, FL--(Marketwire - June 17, 2009) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR).
Quasar Aerospace Industries, Inc. is pleased to announce the signing of an agreement to acquire a third aviation/aerospace company. The full Board of Directors of the company to be acquired unanimously approved recommending to the shareholders that they accept the offer of One Dollar per share for the 32,000,000 shares outstanding. The members of the Board hold over 80% of the outstanding stock so shareholder approval is certain to be obtained.
The company's name for the obvious reasons must remain anonymous until the transaction is closed, which is scheduled for the middle of August of this year. This acquisition will add approximately $18,000,000 to our annual revenues and $3,750,000 to the bottom line. The current management team will remain intact. Quasar's management team has been closely associated with this company for over three years, and is extremely pleased that they have elected to join our family of companies.
Chief Executive Officer Dean Bradley said that this acquisition will open other opportunities that we will pursue in coming months that could conceivably double the forecast for 2010.
4)Quasar Aerospace Industries, Inc. Announces Agreement for Its 4th Acquisition JACKSONVILLE, FL--(Marketwire - August 6, 2009) - Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) (formerly) Equus Resources, Inc. (EQUR).
Quasar Aerospace announced that at a special meeting of its board of directors on August 5th, the board authorized The Chief Executive Officer to sign the agreement in principle to acquire our Target Acquisition #4 (TA#4). It has been agreed that TA#4 must be closed simultaneously with the three previously announced acquisitions. Therefore the closing date for all four has been delayed until August 28, 2009. This deal will more than double the previously announced forecasts for both revenue and profit for 2010. We are now estimating that our 2010 revenue will exceed $150 million and our pre-tax profit is estimated at approximately $33 million.
Quasar Aerospace Industries, Inc. Announces an Option to Acquire Manufacturing Company JACKSONVILLE, FL--(Marketwire - May 5, 2009) - Quasar Aerospace Industries, Inc. (PINKSHEETS: EQUR) (formerly) Equus Resources, Inc. (EQUR)
Quasar Aerospace Industries, Inc. is pleased to announce the signing of and execution of a binding agreement to acquire a manufacturing company that will provide production capability for the Quasar line of aircraft currently in development. For security reasons the name of the company will not be divulged until the acquisition is closed.
The acquisition is to be made with private funding at $54 million, of which $40 million will be in cash and the remainder in assumption of liabilities. This acquisition when it closes sometime prior to July 31, 2009 will add approximately $44 million to our revenue stream and $10 million in EBITDA.
The company to be acquired has a vast range of capability in the aerospace industry, and operates three plants totaling approximately 300,000 sq. ft. The company owns two of the plants equaling 190,000 sq. ft. and leases the third plant. The handsome revenue and profit numbers are achieved with less than 250 employees, and does so with a superb safety record.
Just the fact that an independent firm like Duff and Phelps acknowledges that our little 1.3 cent pinkie stock is engaged in acquiring an acquisition with $44 in revenues is good news and shows that QASP is legit, just need to give QASP time to finish with these first 4 companies and by the sounds of it looks like we are very close now.
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