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Quasar Aerospace Industries, Inc. Announces Board of Directors' Approval of Name Change

Quasar Aerospace Industries, Inc. (PINKSHEETS: QASP)

The Board of Directors of Quasar Aerospace Industries, Inc. met in a special session on July 22, 2010. After consultation with both our securities and general counsel, the Board unanimously approved authorization for the CEO, Dean Bradley, to cause to be filed Amended and Restated Articles of Incorporation for the Company for the purpose of changing the name from Quasar Aerospace Industries, Inc. to QUASAR INTERNATIONAL HOLDINGS, INC.

The corporation has created two new divisions in the automotive and marine industries. We expect to close four new acquisitions in these areas over the next ten business days. Each of these will be announced individually in the coming weeks with descriptions of the Company and details of each acquisition.

We have had numerous questions regarding the Annual Meeting, asking if the wives of shareholders will be admitted to the meeting and the luncheon to follow. The answer is YES! Others would like the name tags of the attendees to display their web names on their name tags. This will be totally voluntary, and the information will need to be in our hands seven (7) days prior to the meeting. The mailing date by Computershare of the proxy cards and other information will be on August 27, 2010. A proxy card will be required at the door of the meeting to gain access as proof of shareholder status.

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.