QASP - QUASAR AEROSPACE IND. (Pink)

[Jerico]

Lots of chatter about QASP - nice move today - up 20%

- News of new financing
- New revenue through new aquisitions

[Jerico]

Quasar has $350 MILLION FINANCING

SIX MAJOR ACQUISITIONS COMING

JACKSONVILLE, FL, Jan 15, 2010 (MARKETWIRE via COMTEX) ----Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)

Dean Bradley, the CEO of Quasar Aerospace Industries, Inc., is pleased to announce the closing of the first two of its acquisitions. The companies were acquired with a combination of cash and notes. Their identity will be disclosed in a future press release after they have had an opportunity to inform all of their customers and vendors of the change in control.

The Company has entered into an agreement with Tigerfish Aviation Pty. Ltd. Of Australia to form a joint venture by forming a US company tentatively to be named Tigerfish Aviation USA, Inc. The ownership of this company will be 70% QASP and 30% Tigerfish/Australia. QASP will make an initial investment in the US company of $5,000,000 to move forward the development of the Retractable Amphibious Pontoon Technology (RAPT). The CEO was in Germany the third week of December and met with individuals from ELAN-EDAG, a worldwide private engineering firm that is eager to join us in taking the RAPT to the next level.