Quasar Enters Into Letter of Intent With Holdings Aviation
JACKSONVILLE, FL -- (Marketwire) -- 01/22/13 -- Quasar Aerospace
Industries, Inc. (PINKSHEETS: QASP) is pleased to announce that the
Corporation has entered into a Letter of Intent to acquire Holdings
Aviation Corp. ("HAVC"). HAVC is the parent corporation of three (3)
Companies engaged in the Aviation Service Sector Industry. The three
(3) initial acquisition Companies will become wholly owned
subsidiaries of the Public Holding Company.
Holdings Aviation Corp. has combined revenues of approximately
twenty-two million dollars ($22,000,000) with four million dollars
($4,000,000) in estimated earnings. The Company's Mission is to
become a global leader with a comprehensive footprint through
strategic acquisitions, joint ventures and partnerships. The Company
expects to achieve double digit growth year over year and exceed one
hundred million dollars ($100,000,000) in revenues within three (3)
At the core of the company services platform is an industry leader in
the business jet maintenance sector that brings over three decades of
Cessna factory-trained experience to the service of corporate
aircraft. This company has a sophisticated FAA-approved Part 145
repair station that can conduct or supervise every aspect of the
maintenance of your aircraft. This includes periodic inspections,
parts inventory and warranties, as well as daily and routine
maintenance. We have in-house capabilities and a network of proven
maintenance facilities, parts and services providers, and other
Overall, the Company will provide a full spectrum of Aviation
Services including aircraft maintenance completions and
refurbishments, engineering, fixed base operations, along with
aircraft management, charter services, aircraft sales and personnel
services and already has the FAA certificates to provide these
services. The Company will be uniquely positioned to provide all
services under one roof as well as transitional jet training
utilizing Quasar's existing certifications. Additionally, a
strategically positioned Air Cargo Services Company is being launched
to provide full service commodity transportation to the Caribbean
basin and Central America.
Upon completion of the due diligence process the parties will ente
into a definitive agreement and initiate an audit of each component
companies. The final agreement will include new appointments to the
board and officers of the parent company as well as a name change.
We will continue to update our shareholders and the investment
community as events unfold.
Quasar and its subsidiaries are involved in aviation and aviation
related businesses. 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/). Our flight
students also benefit from our onsite RedBird Full Motion Flight
Simulator FMX1000 (http://www.redbirdflightsimulations.com).
Check us out on our web site (www.quasaraero.com) and Facebook at:
or look to schedule a student pilot experience flight through Groupon
(www.groupon.com) or Living Social (www.livingsocial.com).
Quasar Aerospace Industries, Inc.
Telephone: (904) 207-6503
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