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(OTC: QASP - Quasar Aerospace Industries, Inc.)
CURRENT NEWS!!
Quasar Aerospace Updates on Financing
JACKSONVILLE, FL, May 27, 2010 Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) The CEO of Quasar Aerospace Industries, Inc., Dean Bradley, (PINKSHEETS: QASP) announces that Newby and Associates has acknowledged that its institution is in receipt of the necessary Quasar Aerospace Industries, Inc. stock to secure the necessary bridge financing of $500,000.00 which shall cover expenses for the investment grade collateral securing the first $10,000,000 loan. This statement confirms the Press Release of May 24, 2010 wherein it was stated that $5,000,000 of the $10,000,000 will be used to cover expenses for investment grade collateral securing the $100,000,000 loan.


