DENVER, CO, United States, via ETELIGIS INC., 07/14/2015 – – Quasar Aerospace Industries, Inc. (“Quasar” or “the Company”) (OTC Pink: QASP) (PINKSHEETS: QASP), is thrilled to announce that the lease procured on a warehouse for the Colorado Cultivation is preparing for build-out of a functional compliant area to perform extractions for retail sale and third party contracts. We have a general contractor preparing for the build-out project. As previously announced, the cultivation center will grow and nurse fifty (50) strains of marijuana plants and produce wax, butter and shatter extracts. The center will utilize all the plant and leave little to no waste. We will be seeking commercial and residential customers that desire extractions for use or to infuse in their products. The extraction process is dangerous and has lead to explosions but most advocates and industry stakeholders agree that extract production must be heavily regulated since the market will thrive regardless. Quasar strongly believes that there is going to be a huge surge in the concentrate market. As more states move towards legalizing and regulating both the medical and recreational cannabis markets the demand has steadily driven a move from raw cannabis to extracted cannabis concentrates. These concentrates have boomed in popularity, as they comprise between 30 and 60 percent of legal marijuana market sales. Quasar wants to become a leader and trend-setter in the concentrate market. Through our Managed Service Agreement with a dispensary in Colorado, a Medical Marijuana Infused Products Manufacturing License (“MIP”) is going to be obtained as it is required.
We are projecting high revenues to be generated from this cultivation and extraction facility. A potent marijuana concentrate coined “shatter” has up to 80 or 90 percent THC compared to the 15 to 25 percent you find in most flowers. It is one of the most popular and best-selling items which sells for $25 to $50 per gram at local Colorado shops compared to the $15 to $25 per gram for flowers. This market is going to be the new age of cannabis use. We are in discussion about new ideas and unique concepts to bring to this industry and believe we have found something fantastic. We will provide updates on these new development as we move forward with steps to get these accomplished.
Quasar is working on obtaining Private Placements for funding these operations and is seeking investors interested in potential equity interest. If you are interested please contact Donnell J. Vigil, CEO at 904-207-6503 or 904-207-6502. Quasar intends to update our shareholders and the investment community in the very near future of other developments that are occurring with Quasar.
Quasar owns a hydroponic grow store in Colorado and is a service provider to the marijuana industry. Visit our Ecommerce site (www.GYOGz.com). We offer industry specific security to marijuana dispensaries and growers. Quasar and its subsidiaries are also involved in aviation and aviation related businesses. We are SEVIS/SEVP certified to provide training to foreign students. We use the certified Cessna Pilot Training curriculum for our flight students (http://www.cessna.com/learn-to-fly.html). 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).
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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.
Quasar Aerospace Industries, Inc.
Telephone: (904) 207-6503 or (904) 207-6502
SOURCE: Quasar Aerospace Industries, Inc.