JACKSONVILLE, FL / ACCESSWIRE / July 24, 2014 / Quasar Aerospace Industries, Inc. (OTC Pink: QASP) ("Quasar" or "the Company")
Quasar Aerospace Industries, Inc. previously announced its closing on the acquisition of one hundred percent (100%) of Hydro-Grow Supply, Inc. through its subsidiary, Green Energy Investments, Inc. Quasar will be posting copies of the closing documents on OTC Market for its shareholders and the investment community to view. This acquisition was the first step toward accomplishing the goals set out in the business plan for entering the legal and medical marijuana market. We set our target to own a grow store and have fulfilled this promise to its shareholders but this is only the beginning there is much more to come. Quasar is proud to now be an active participant in the marijuana industry. We have a physical location and the grow store is in full operation servicing dispensaries, growers and the general public. Colorado's laws provide that each adult resident over the age of twenty-one (21) can grow up to six (6) marijuana plants per person. No more than twelve (12) plants per household regardless of the number of adults and marijuana must be grown in a fully enclosed and locked space, whether indoors or outdoors. This broadens our customer base significantly and allows our grow store to generate revenue from adults seeking to grow their own marijuana. Quasar has begun to grab market share in the current $1.5 billion dollar hydroponic retail market.
The grow store is fully staffed with knowledgeable growers and is in operation seven (7) days a week. Since taking over ownership, the grow store has already been contacted by new dispensaries to service their grow supplies and equipment needs. We intend to continue to reach out to other dispensaries and growers to obtain their business. Revamping of the store front is still in process and will maximize the stores efficiency. Grow suppliers and distributors are working with us to provide new and additional signage and displays to optimize its appearance. We have been contacted by new product lines for exclusive retail distribution which will allow us to service beyond our competitors in the marketplace.
The new website is being created and will be launched as soon as possible. The new website will generate a new source of revenue to the grow store that has never been captured by Hydro-Grow in the past and this addition should at least double to triple its current revenue. We have already increased the services being provided by Hydro-Grow, to include not only retail sales, but also to provide rental of trimmers, repair of ballast, installation of grow systems, delivery, and we are creating starter kits for the new grower.
Quasar is actively looking at store fronts for its second grow store location. We plan to move quickly with our expansion plan and are seeking out inventory financing to aid us with our rapid growth. Additionally, Quasar has been contacted by current grow store owners looking to sell to Quasar.
Quasar is working on changing the name of the grow store for its nationwide branding and marketing. We will announce the new name to the public once we are ready to launch our branding and merchandise.
Quasar's COO, Liann Francisco has been working diligently with the FAA to move our inspection forward to get our A-Cent Aviation, Inc., FAA Part 141 flight operation open in Pennsylvania. We have international recruiters ready to begin to filter in foreign students once all inspections are completed. We still intend to open up a satellite location in South Florida following the opening of the Pennsylvania location. There are a large number of foreign students in South America that are waiting on this location to begin to come to the US to train as commercial pilots.
Atlantic Aviation, Inc. in Jacksonville, Florida has been undergoing remodeling and is looking better than ever. We have recently hired a new Chief Pilot to head up this location and are excited about the new programs being developed.
A-Cent Aviation, Inc. in Jacksonville, Florida has kept extremely busy with FAA written exams. The FAA has made regulation changes for commercial pilots which will go into effect on August 1, 2014. Therefore the deadline for commercial pilots to complete their FAA ATP written exam is July 31, 2014. We are determining at how to capture the revenues that will be generated by the additional training that will be required of commercial pilots following the implementation of the new regulations.
Please feel free to contact Quasar by telephone or email at [email protected] for information or investment opportunities. Quasar will continue to update our shareholders and the investment community as progress and details are ready to be released.
Quasar and its subsidiaries are involved in aviation and aviation related businesses. We are SEVIS/SEVP certified to provide training to foreign students. We are the only certified Cessna Pilot Center (http://www.cessna.com/learn-to-fly.html) in Jacksonville, FL. Through our subsidiaries we are an FAA Part 141 flight school (www.faa.gov), Computer Assisted Testing Service (CATS) (http://www.catstest.com) and a Comira testing facility (http://www.comiratesting.com). We offer flight training and accept VA benefits under the GI bill (http://www.gibill.va.gov/). Atlantic Aviation, Inc. is a recipient of an AOPA Excellence Award for 2012 and recognized as one of the top 50 flight school in the country. (http://flighttraining.aopa.org/awardwinners/2012winners.html).
Check us out on our web site (www.quasaraero.com) and Facebook at: http://www.facebook.com/pages/Quasar-Aerospace-Industries-Inc/146434125485747 or look to schedule a student pilot experience flight through Groupon (www.groupon.com) or Living Social (www.livingsocial.com).
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Quasar Aerospace Industries, Inc. under take no obligation to update such statements.
Contact Quasar Aerospace Industries, Inc.
Telephone: (904) 207-6503
Email: [email protected]
SOURCE: Quasar Aerospace Industries, Inc.