QASP  ## BOUNCE STARTS SOON HANG TIGHT

Quasar Aerospace Industries, Inc. ( QASP ) (“Quasar” or “the Company”) is pleased to provide this update to its shareholders and the investment community.

Quasar operates two flight schools as wholly owned subsidiaries of the Company. Both A-Cent Aviation, Inc., located in Colorado Springs, Colorado, and Atlantic Aviation, Inc., located in Jacksonville, Florida, offer a full range of pilot training from Private Pilot through Commercial Pilot and Airline Transport Pilot Programs. Quasar’s flight schools continue to operate on a daily basis and our student enrollment continues to grow. In addition, Quasar owns and operates Corporate Air Repair, LLC, an aircraft maintenance facility at Herlong Airport in Jacksonville, Florida.