Last $0.0004 USD
Change Today 0.00 / 0.00%
Volume 100.7M
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As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

quasar aerospace industries (QASP) Key Developments

Quasar Aerospace Industries, Inc. - Special Call

To further inform and update shareholders on the company's progress

Quasar Announces Changes to Corporate Management

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

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.

 

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