Quasar Aerospace Industries, Inc. (OTC Pink: QASP) (PINKSHEETS: QASP) ("Quasar" or "the Company")
Quasar Aerospace Industries, Inc. previously announced that the acquisition of one hundred percent (100%) of the assets of Hydro-Grow is for the sum of two hundred and fifty thousand dollars ($250,000). The assets of Hydro-Grow total approximately one hundred and eight-seven thousand, eight hundred and ninety-one dollars ($187,891) with a net premium of assets of sixty-two thousand, one hundred and nine dollars ($62,109). The historical revenues for the grow store show an average of five hundred and fifty-seven thousand, five hundred and eight-two dollars ($557,582) annually over the past four (4) years with nearly a thirty-nine percent (39%) margin. Quasar has an excellent base to grow its revenue stream and to grab market share in the current $1.5 billion dollar hydroponic retail market as well as the current exploding online market, and the emerging mass merchant channel.
Quasar believes that the return on investment of the grow store will be fifty-percent (50%), as is. The parent company believes that it can brand, grow and implement sales strategies that will greatly improve the historical revenues and profits as well as broaden the reach through expansion of the Corporation along with the explosive growth of the legal and medical marijuana industry. Quasar has quickly positioned itself as a real player within the hydroponics market. Quasar projects that with the new and innovative sales strategies in place the first stores revenues will at least be doubled or tripled by year's end. The creation of a new website alone will provide not only an online presence but the ability to sell nationwide which will bring revenues projected to nearly match the grow stores current revenues.
Quasar continues to conduct its market analysis to locate the best location for its second store and the opening of its cultivation center. Quasar is currently looking at several states to introduce its grow store to begin its nationwide expansion plan to capture the legal and medical marijuana market.
The brand name is being developed and the surveying of its marketability is being conducted. As the Corporation moves forward with unleashing of this brand it wants to ensure that it is a name that will be recognizable and that the public will seek out its merchandise, equipment, products and services. The sale of merchandise will also allow Quasar to maximize its revenues from this venture. Any suggested merchandise the public would like to see available, please email the Corporation.
As the Corporation implements these strategies and plans they will communicate them to its shareholders and the investment community. We see enormous potential soon to be realized.
Quasar's CEO, Donnell J. Vigil will be in Colorado to manage the transition and to reach out to industry suppliers and growers to obtain additional contracts to be their service provider for growth equipment, supplies, service and seek to establish partnerships.
Quasar is also looking at an additional source of revenue through the opening of its own Security Service which will be specifically designed to service the legal and medical marijuana industry. More details about this opportunity will be released as events unfold. Additionally, Quasar is currently entertaining joint ventures with other corporations currently in the marijuana industry.
About A-Cent Aviation, Inc. and Atlantic Aviation, Inc.
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). SEVIS(http://studyinthestates.dhs.gov/assets/images/content/Certified_School_List_3-5-14.pdf)
Check us out on our web site (www.quasaraero.com), Facebook at:http://www.facebook.com/pages/Quasar-Aerospace-Industries-Inc/146434125485747 and twitter https://twitter.com/quasaraero, https://twitter.com/QuasarCannabis 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.
Quasar Aerospace Industries, Inc.
Telephone: (904) 207-6503
SOURCE: Quasar Aerospace Industries, Inc.