Quasar Aerospace Industries, Inc., an integrated aviation company, engages in providing flight training instructional services to individuals seeking a private pilot license. It operates a flight school at Herlong Airport in Jacksonville, Florida; and a flight school at Colorado Spring Municipal Airport in Colorado Springs, Colorado. The company also operates a Computer Assisted Test Center, which provides testing services for flight students and other vocational trades; and Certified Cessna Pilot Center, as well as partnered with Mountain State University to offers aviation education and training services to students. In addition, it provides aircraft repair, maintenance, and inspection services to the private sector. The company was formerly known as Quasar International Holdings, Inc. and changed its name to Quasar Aerospace Industries, Inc. in December 2010. Quasar Aerospace Industries, Inc. was founded in 2004 and is based in Jacksonville, Florida.
QASP Key Company Management
Mr. Joseph C. Canouse has been Chief Executive Officer and President at Quasar Aerospace Industries, Inc. since April 2011. Mr. Canouse founded J.P. Carey, Inc. in 1995 and J. P. Carey Securities, Inc. and serves as its President. He serves as President of J.P. Carey, Inc. At J. P. Carey, Inc. and its various successor companies, Mr. Canouse assisted in financing small companies for the past 13 years, raising over a billion dollars. He served as Chief Executive Officer and President of Trophy Resources, Inc. since November 26, 2007. He has years of experience in finance and consulting publicly traded companies and has built it into a respected global investment banking firm. As Trophy's visionary, he has spearheaded innovative and creative financing solutions for more than 100 U.S. publicly traded and privately held companies, and was responsible for raising more than $2 billion through debt and equity financing. He has acted as a consultant for public companies including True Religion. Mr. Canouse served as executive vice president of Discovery Capital Group, Inc., a Winter Park, Fl., broker/dealer. He also was instrumental as Creator and Developer of the international sales department while Vice President of sales at Josephthal, Lyon and Ross, an Atlanta based brokerage firm.He serves as director of qusar aerospace industries incHe served as Financial Analyst at NCR Corporation. He served as Director of Trophy Resources, Inc. since November 26, 2007. A 1986 graduate of Stetson University, Mr. Canouse holds a B.A. Degree in Business Administration.
Quote:
March 15, 2012
Dear Shareholders:
On behalf of the Quasar Aerospace Industries, Inc. (the “Corporation”) we want to address numerous inquires we have received as to available remedies for common shareholders that were mislead by former management in respect to a purported swap of shares of the Corporation. It is our understanding that subsequent to the former CEO’s removal as an officer and director of the Corporation on January 27, 2011, the former CEO and representatives of him alleged an arbitrary cutoff date for said swap.
While the Corporation, its officers and directors were not part of these actions and efforts, we have become aware of them in small parts over the course of the last year. The Corporation has also seen the deleterious effects this has had on the Corporation, its shareholders, its stock price and relationships it has and had with various service providers, vendors and debtors of the Corporation. This includes the recent maneuvers by two former CEO’s in Court which led to a Court Order forcing a shareholder’s meeting. In spite of the Court’s directives the two former CEO’s are now failing to comply with said Order and have subsequently plead to the Court to reverse the Court ruling to no avail.
We do not have a definitive plan as we do not have all the facts in regards to stock swaps, cutoff date(s), private communications to some “select” shareholders regarding the buying and selling of the Corporation’s stock. It has come to our attention that these shareholders were told explicitly not to buy the stock after the record date and subsequently told to sell. The Corporation at this point would like to hear from you as a shareholder. Please supply the Corporation with specific information as to what harm you have suffered by what we will refer to as the “Stock Swap Group.”
Additionally, please provide the Corporation with details of shares held and what factors weighed in on your decision to buy or hold the stock in regards to directives or communications from the Stock Swap Group. When you bought the stock and average prices and if you have sold since then or currently hold. If you have any information that corroborates a claim you think you may have, please send it to the following:shareholdersgroup@quasaraerospaceindustries.com.
Lastly, if you sent any money to the former CEO for legal bills or any other costs, we would appreciate those details as well. The Corporation will then determine what actions it can take on behalf of its shareholders or recommend an action that may be suitable to you.
Sincerely and on behalf of Quasar,
Joseph C. Canouse, CEO
Contact Info
Quasar Aerospace Industries, Inc.
9300 Normandy Boulevard
Suite 502
Jacksonville, FL 32221
Email: ir@quasaraerospaceindustries.com
Website: www.quasaraero.com
Facebook: http://www.facebook.com/pages/Quasar-Aerospace-Industries-Inc/146434125485747
QASP Recent Developments
May 8, 2012 CATS Application Approved, Management Change, Conference Call
Quote:
the Corporation is re-scheduling its previously announced conference call for shareholders and the investment community from May 9, 2012 to Wednesday, May 16, 2012, at 2:30 p.m. EDT. For both U.S. and international callers to participate, dial +1 (712) 432-0900, then enter the participant access code, 497592#, when prompted. Participants are encouraged to access the call at least five minutes before it is to begin. A playback of the call will be available later at +1 (712) 432-0990.
Please submit any and all questions to ir@quasaraerospaceindustries.com so that we may address as many questions as possible during the conference call.
Quote:
Mr. William F. "Bill" Cirmo II has been nominated to serve as Chief Operating Officer and would oversee the flight training and ground operations for all subsidiaries. Mr. Henderson is no longer with the Corporation and, in accordance with his employment agreement, has resigned from all positions in Quasar and its subsidiaries.
William Cirmo started his aviation career in 1977 when he was awarded his Wings of Gold as an Aviator for the US Navy. Mr. Cirmo served as a combat Naval Aviator while flying the Lockheed P-3C Orion aircraft as Patrol Plane Commander and Mission Commander. He made several overseas deployments to Sicily, Iceland, Spain, Portugal and several South American countries. While serving as a flight instructor flying the T-34C Turbo Mentor, Mr. Cirmo was twice awarded a navy Commendation medal for outstanding performance of his duties. He was selected on several occasions as the squadron Instructor of the Month and the Training Air Wing 5 Instructor of the Quarter. He is qualified as a CFI, CFII and MEI. He was recently awarded distinction as a FAA Gold Seal Instructor.
The Corporation's subsidiary A-Cent Aviation, Inc., (A-Cent) is proud to announce that its application has been approved to be a Computer Assisted Testing Service (CATS) in Jacksonville, Florida. CATS allows A-Cent to administer the highest quality computer-based knowledge examinations within a quiet and conducive testing environment that is under strict security controls. A-Cent's CATS facilities provide candidates with conveniently located test sites and its Herlong Airport site is the only CATS facility in the local area.
Apr 25, 2012 Quasar Aerospace to expand CATS testing centre
Apr 24, 2012 Quasar Applies to Be an FAA CATS Testing Center and Schedules Conference Call
Apr 19, 2012 Quasar Achieves Mass Visibility at First Coast School Expo
Apr 11, 2012 Quasar Applies to Meet Demand for Foreign Students
Mar 12, 2012 Quasar Providers Fuel Revenue
Headlines
http://finance.yahoo.com/q/h?s=QASP.PK+Headlines
QASP Products & Services
Current Focus
The acquisition of the FAA Part 141 Flight School will allow Quasar to meet the growing demand for trained commercial pilots and the following:
*Ability to capture revenue from third parties including Veterans Administration and governments sponsored student loans;
*Recruit flight students from around the world;
*Contemplate training of foreign students will be sponsored and paid for by a foreign government with the potential to train approximately 30 new students a month at a fee of $55,000 each.
*The FAA testing center which is licensed through the Computer Assisted Testing Service (CATS) that will allow us to receive additional revenue by administering the aeronautical knowledge test.
*Corporate Air Repair is beginning to start classes on aircraft systems and preventative maintenance as prescribed in 14 CFR Part 43 Appendix A.
*After being held in a holding que for a better part of two years, it will be approximately one year and AAI will have the FAA begin the inspection phase for the Air Agency Certificate.
*There are a few aviation opportunities that have presented themselves to QAI, one of which involves wholesale aircraft parts; that will bring QAI to a new level.
*There is a potential airport that can be leased from a county in Florida that would allow QAI to facilitate as an academy for our international students and open the doors for immediate expansion.
*QAI could potentially become a F.B.O. operator, rent hangars and tie-downs, sell fuel, operate a gun range, and build a moto-sports complex that would include activities from flying to off road vehicles, fishing and camping.
*To continue the expansion of Atlantic Aviation’s flight training program.
QASP Financial Reporting/Disclosure & Security Details
OTC Pink™ Current Information
Companies that follow the International Reporting Standard or the Alternative Reporting Standard by making filings publicly available through the OTC Disclosure & News Service pursuant to OTC Markets Group Guidelines for Providing Adequate Current Information (pdf) are designated as OTC Pink Current Information.
QASP follows under these guidelines on the OTC Pink current information market tier.
Investigate more @ http://www.otcmarkets.com/stock/QASP/quote for more due diligence.
QASP Share Structure
Market Value1 $2,874,416 a/o May 11, 2012
Shares Outstanding 8,710,352 a/o Apr 27, 2012
Float 4,113,699 a/o Apr 27, 2012
Authorized Shares 3,000,000,000 a/o Apr 27, 2012
Par Value 0.00001
Shareholders
Shareholders of Record 304 a/o Apr 27, 2012
Security Notes
New Issue=9-77 2,500,000 shs at 20 cents by C.E. Carlson & Co.
Capital Change=5-1-87 shs decreased by 1 for 10.8909 reverse split
Capital Change=shs decreased by 1 for 200 split Pay date=07/19/2004.
Capital Change=shs decreased by 1 for 1000 split. Pay date=02/01/2012.
Short Selling Data
Short Interest 0 (-100%)
Mar 15, 2012
Significant Failures to Deliver No
Transfer Agent(s)
Computershare Trust Company, Inc. with a business
address of 350 Indiana Street, Suite 750, Golden, CO 80401.
Financial Reporting/Disclosure
Reporting Status Alternative Reporting Standard
Audited Financials Not Available
Latest Report Mar 30, 2012 Annual Report
Regulatory Agency Not Available
CIK 0001464685
Fiscal Year End 12/31
OTC Market Tier OTC Pink Current
Profile Data
SIC - Industry Classification 3721 - Aircraft
Business Status Development Stage Company a/o Jun 30, 2006
Incorporated In: CO, USA
Year of Inc. 2004
Company Notes
Formerly=Equus Resources, Inc. until 6-2009
Formerly=Forst Hunter International Trade Corp. until 7-04
Formerly=Hunter International Trade Corp. to 5-87
Apr 25, 2012 Attorney Letter with Respect to Current Information Dec 31, 2011
http://www.otcmarkets.com/financialReportViewer?symbol=QASP&id=79358
Mar 30, 2012 Annual Report - Appendix B Dec 31, 2011
http://www.otcmarkets.com/financialReportViewer?symbol=QASP&id=76661
Mar 30, 2012 Annual Report - Appendix A Dec 31, 2011
http://www.otcmarkets.com/financialReportViewer?symbol=QASP&id=76648
Mar 30, 2012 Annual Report Dec 31, 2011
http://www.otcmarkets.com/financialReportViewer?symbol=QASP&id=76647
Before You Invest - Investigate! Always do your own due diligence
A critical part of the due diligence: Please be aware, that upon completion of in-depth due diligence there is still a risk factor in all forms of investing.
Please note not all company websites are updated on a regular basis so you should use additional content sources to ensure accuracy.
Resources used in this post: otcmarket.com, www.bloomberg.com, www.finance.yahoo.com, QASP website
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