READ THIS!!!!
May 05, 2009 12:22 ET
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.
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Now from APEX website:
CONTACT US
Administrative Offices and Plant I
1234 Wellington Place
Wichita, KS 67203
316-262-1494 begin_of_the_skype_highlighting 316-262-1494 end_of_the_skype_highlighting
Click here for map
Plant II1812 W Second St
Wichita, KS 67203
Click here for map
Apex Composites, LLC.
414 Chamber Loop Dr
Ada, OK 74820
580-436-6444 begin_of_the_skype_highlighting 580-436-6444 end_of_the_skype_highlighting
Click here for map
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I hope thats clear now????
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