Quasar Aerospace Industries, Inc. Announces Intent to Sue Alleged Stock Manipulators and IHUB, and Announces the Setting of the Annual Shareholders Meeting

JACKSONVILLE, FL–(Marketwire – July 16, 2010) –  Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP) — The Board of Directors of Quasar Aerospace Industries, Inc. met in a special session on July 15, 2010. After consultation with both our securities and general counsel, the Board unanimously approved authorization for the CEO, Dean Bradley, to retain a special litigation law firm to sue a number of alleged stock manipulators and IHUB for alleged stock manipulation and slander.

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