Quasar Aerospace Industries, Inc. CEO Dean Bradley Advising Shareholders of Personal Purchases of Quasar Aerospace Stock
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| Posted
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Wed, 28 Oct 2009 18:39:06 GMT |
| Author
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Quasar Aerospace Industries, Inc. |
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Press Release |
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JACKSONVILLE, FL -- 10/28/09 --
Quasar Aerospace Industries, Inc.
(PINKSHEETS: QASP) -- Dean Bradley, the CEO of Quasar Aerospace Industries,
Inc. has notified the company that he has to date purchased 2,000,000
shares of the company's common stock on the open market. To date he has
invested $41,110.52, and intends to continue buying up to $50,000 worth.
Mr. Bradley's account is with Deutsche Bank Securities, and the bank's
compliance department required the company to suspend its share buy back
until Mr. Bradley completed his personal purchases. Mr. Bradley must comply
with SEC Rule 10b-18 with these purchases and his shares become restricted
under Rule 144.
Immediately upon Mr. Bradley completing his personal purchases, the company
will resume its buy back program, and the Board of Directors has authorized
the officers to repurchase up to 20% of the total outstanding shares. To
date the company has repurchased 15,489,300 shares and invested $317,821.92
in the endeavor.
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.
Contact:
Quasar Aerospace Industries, Inc.
Qasp-Info@equititrend.com
1-585-6988
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