JACKSONVILLE, FL - October 31, 2013 - Quasar Aerospace Industries, Inc.'s (OTC Pink: QASP) ("Quasar" or "the Corporation") is pleased to announce its wholly owned subsidiary, A-Cent Aviation, Inc., has received approval for its Student and Exchange Visitor Information System (SEVIS)/Student and Exchange Visitor Program (SEVP) application. The Corporation, shareholders and investment community have anxiously waited for this approval from the Department of Homeland Security to permit the Corporation to sponsor non-U.S. citizens to receive the training in its related aviation programs.
SEVIS is a web-accessible database used by the Department of Homeland Security to collect, track and monitor information regarding exchange visitors, international students and scholars who enter the United States on F, M or J Visas. SEVIS is managed by the SEVP within US Immigration and Customs Enforcement. Shareholders, potential investors, and potential students are invited to learn more about SEVIS regarding foreign students at http://www.ice.gov/sevis/.
Donnell J. Vigil, President of Quasar Aerospace Industries, Inc., said, "The finalization of this SEVIS/SEVP certification allows the Corporation to sponsor and train foreign students and execute a key component of its business plan by capturing the strong demand for aviation training from other countries." Mrs. Vigil continued, "Quasar is eager to move forward quickly to capitalize on the opportunities among foreign countries that we have been presented with since filing our application."
Our market research indicates that foreign students spend millions of dollars for the ability to learn to fly in the United States. In Florida, it is reported that international students now outnumber American students. The demand is there and this trend continues to increase and is fueled by many factors, including:
- -The rapid growth of travel in Asia, which is on track to surpass North America as the largest air travel market in the world;
- A wave of pilot retirements in the U.S.;
- Proposed changes to rules that could increase the time pilots must train, rest and work; and
- Increasing demand for air travel within the U.S. as the economy improves.
Quasar is poised to realize this potential market to meet the increasing demand for pilots. These trained pilots will enter a job market with immediate availability. The flight training component alone will cost $59,000 per student with margins of approximately thirty-five percent (35%). The Corporation is currently prepared to process and accept at minimum ten (10) international students at each location. The second set of students will be in queue waiting to start within ninety (90) days from the start of the first class. As previously discussed, Quasar projects it will see revenues exceeding three million dollars ($3,000,000.00) within twelve months after our initial class.
The courses average seven (7) months in length and will provide a complete package which will include training for the $59,000 and for an additional costs housing and transportation for the students during their time in the program. A-Cent is in a perfect position to expand the programs and facilities to meet any demand since A-Cent has flight training schools in both Jacksonville, FL and Colorado Springs, CO.
When you look at the cost and time spent to obtain a degree from a college or university it far surpasses the cost to become a commercial pilot. Therefore, consider that it only takes approximately $59,000 and one hundred (180) days to complete the commercial pilot certification process and jobs are waiting to be filled. Whereas, the potential to gain employment following graduation from a college degree program is unknown and many college graduates remain unemployed.
Quasar plans to commence issuing M-1 visas to the foreign students immediately and will also have the ability to issue M-2 visas to immediate family members, such as spouses and children, of the foreign students. Quasar plans to actively recruit and announce prospective contracts as they continue to be executed. As previously announced, the Corporation is currently working with third parties who have expressed an interest in placing students at our Colorado and Jacksonville locations. By contracting and working with these third parties Quasar has built, and will continue to build, a pipeline of students to begin on fixed schedules. This will allow Quasar to manage and control its costs more efficiently and provide revenue and income projections on a consistent basis for our investors.
About Quasar Aerospace Industries, Inc.
Quasar and its subsidiaries are involved in aviation and aviation related businesses. We are SEVIS/SEVP certified to provide training to foreign students (http://www.ice.gov/sevis/). 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
SOURCE: Quasar Aerospace Industries, Inc.