quasar aerospace industries (QASP) Key Developments
Quasar Aerospace Industries, Inc. - Special Call
May 7 14
To further inform and update shareholders on the company's progress
Quasar Announces Changes to Corporate Management
May 1 14
Quasar Aerospace Industries, Inc. announced changes to the corporate management structure of Quasar. Donnell J. Vigil has officially been appointed CEO and she will continue to serve as President and Corporate Secretary of Quasar. In addition, Quasar would like to introduce a new and valuable addition to the Board of Directors of Quasar, Ms. Liann Francisco. Liann Francisco has been nationally and internationally known in the field of electronic security, aviation and business management for over 27 years. Ms. Francisco is currently in charge of the development, management and opening of the new FAA Part 141 flight school located in Pennsylvania.
Quasar Aerospace Industries, Inc. Settles Litigation with NHS Health Solutions, Inc
Jan 16 13
Quasar Aerospace Industries, Inc. announced that the company has settled the current litigation by and between Quasar Aerospace Industries, Inc., NHS Health Solutions, Inc., and individually Jeffrey DiGenova and Joseph Canouse. The company has released NHS Health Solutions, Inc. and Mr. DiGenova from the pending litigation and the company has been released by Mr. DiGenova and NHS Health Solutions, Inc. from any related counterclaims in exchange for the control block, beneficial ownership and proxy of such in NHS Health Solutions, Inc. Further agreements to settle outstanding demands and claims by Quasar will be forthcoming and structured so as to provide benefit to Quasar and its shareholders while also providing NHS Health Solutions, Inc. the chance to move forward without the threat of further litigation. The release provides for the immediate resignation of the current board and management of NHS Health Solutions, Inc. and the appointment of representatives of Quasar as the officers and directors of NHS Health Solutions, Inc. This settlement will allow the focus to be on monetizing the investments made by both parties in Mineseeker in acquiring the technology for mine detection and mapping and field testing it through live demonstrations. This was part of the original promise that Quasar represented to its shareholders who will through this action still benefit and participate in the opportunity Mineseeker represents. Additionally, NHS Health Solutions, Inc. as a corporation will, in the short term, enter into a new agreement with a transfer agent, update its profile and issuer information statement with OTCMarkets.com and file a request for a name change with FINRA. Management from both companies agreed that this settlement was not just for the benefit of their companies, but more importantly, was to the benefit of their respective shareholders and investors. The release of this litigation will allow Quasar to build and expand on the opportunities afforded it without the risk or costs associated with the countersuit and provide some value for the Corporation's previous loan to Mineseeker and ownership of common shares.
Quasar Aerospace Industries, Inc. Announces Arrival of 2012 Cessna 162 Skycatcher
Nov 1 12
Quasar Aerospace Industries, Inc. announced the delivery of a brand new 2012 Cessna 162 Skycatcher aircraft. This aircraft will allow Quasar, through its two wholly owned subsidiaries, Atlantic Aviation, Inc. and A-Cent Aviation, Inc., to generate substantial revenues in the fast growing arena of Sport Pilot training. This aircraft is the new age of flight training and will open aviation as a recreational activity and a vocation to thousands of potential students previously excluded Sport Pilot training does not require a medical certificate pilots who have lost or can't get a medical for minor medical problems can now participate as long as they have a valid driver's license, proving they are healthy enough to fly. Sport Pilot training is a good way to sample flying -- a sport pilot certificate is a great way to test the waters. So, accessibility and affordability have made the Sport Pilot Category a particularly attractive option for two segments of aircraft enthusiasts: 1. People who are new to general aviation, who now have the easiest pathway to becoming pilots, both in terms of training time and cost; and 2. Seasoned pilots who, due to (often age-related) health issues, have expired medical certificates, but a far-from-expired desire and ability to continue flying.
Quasar Aerospace Industries, Inc. Announces Executive Changes
Sep 28 12
On September 26, 2012, Jimmie N. Carter was elected as chief financial officer of Quasar Aerospace Industries, Inc. Donnell J. Vigil was elected as president of the company and will remain corporate secretary and a member of the board of directors. William Cirmo was elected as chief operating officer of the company and will remain a member of the board of directors.