QUASAR FINALIZES ACQUISTION OF HYDROPONIC GROW STORE
16 September 2014 - 9:36PM
InvestorsHub NewsWire
JACKSONVILLE, FL- September 16, 2014 -
InvestorsHub NewsWire - Quasar Aerospace Industries, Inc. (OTC Pink:
QASP) (“Quasar” or “the Company”) Quasar Aerospace Industries, Inc. is proud to
announce that it has finalized the acquisition of the assets of
Hydro-Grow Supply, Inc. We have made our final payment of
Seventy-Five Thousand, Five Hundred Dollars ($75,500) on this
acquisition and now own one hundred percent (100%) of Hydro-Grow
Supply, Inc. through our subsidiary, Green Energy Investments,
Inc. As promised we successfully accomplished the first step
toward achieving the goals set out in the business plan for
entering the legal and medical marijuana market as a service
provider. Quasar has begun and will continue to grab market
share in the current $1.5 billion dollar hydroponic retail
market. We are moving forward with preparing for the launch
of our new e-commerce site and intend to open a second grow store
location in the immediate future. We have been contacted by other
grow stores in Colorado wanting to sell their operations to Quasar
and we are also looking at prime locations in Florida to enter the
newly developing market as a front runner. Quasar has been in
discussion concerning acquiring a warehouse for our first
cultivation center.
Hydro-Grow's final inventory at cost was valued
at One Hundred, Sixty-Nine Thousand, Three Hundred, and Forty-Eight
Dollars ($169,348) with an approximate retail exit value of Three
Hundred, Twenty-Five Thousand, Seven Hundred, and Seventy-Eight
Dollars ($325,778). The assets of Hydro-Grow totaled approximately
One Hundred and Ninety-Two Thousand, Seven Hundred, and
Ninety-Seven Dollars
($192,797). We have already increased the services being
provided by Hydro-Grow to include not only retail sales but also to
provide rental of trimmers, repair of ballast, installation of grow
systems, delivery, and the creation of starter kits for the new
grower. 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 the new e-commerce site will generate a new
source of revenue to the grow store that has never been captured by
Hydro-Grow in the past and this addition should at least double its
current revenue.
Please feel free to contact Quasar
by telephone (904) 207-6503 or email at donnell@quasaraerospaceindustries.com
for information or investment
opportunities. Quasar will continue to update our shareholders and
the investment community as progress and details are ready to be
released.
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) (http://www.ice.gov/sevis/)
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 ).
Contact
Quasar Aerospace Industries, Inc.
Telephone:
(904) 207-6503
Email: donnell@quasaraerospaceindustries.com
Website: www.quasaraero.com
Facebook: http://www.facebook.com/pages/Quasar-Aerospace-Industries-Inc/146434125485747
Twitter: https://twitter.com/quasaraero
https://twitter.com/QuasarCannabis
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.
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