SOURCE: Quantum Bit Induction Technology, Inc.

March 23, 2011 16:00 ET

In Response to Rising Gas Prices Quantum Bit Induction Technology, Inc. Enters the Search for Alternative Fuels

New Company Development Could Produce Billions With Successful Electrofusion Development

HOUSTON, TX--(Marketwire - March 23, 2011) - Quantum Bit Induction Technology, Inc. (PINKSHEETS: QBII) would like to draw attention to their pursuit of fusion technology in an effort to find alternative fuel sources for the American public. For over two decades the technical community has been divided on the attainability of hydrogen fusion in water electrolysis. Meanwhile, the last several US presidents have called on the technical community to replace oil and gasoline, particularly in vehicles, for various strategic, political, national security, and environmental reasons. Quantum Bit has devoted several years to studying and working on electrofusion and believes success and product will soon be at hand. Quantum Bit believes they can produce devices which successfully convert nuclear potential energy to chemical potential energy while maintaining thermal energy at equilibrium. In essence, creating alternative fuel sources from the energy stored in water and other liquids.

Mike Skillern, President and head developer for Quantum Bit, states, "Oil supplies are depleting and prices are rising as is demand. Quantum Bit believes we can provide the world a clean, green, 21st century solution for its power needs, including mobile applications. Accomplishing this task is worth many billions of dollars, while the company is keenly interested in the many billions of dollars in profit potential, our interest transcends money. We believe we can enlighten those knowledgeable in our field, quelling the debate that stems from misinterpretation, while opening the way for American energy independence, sovereign security, and a clean, green planet for us all."

The Company invites inquiries about our work and company, particularly from others working in the field.

Quantum Bit Induction Technology, Inc. is a Houston-based technology developer of Fusion, Wireless Power Transmission and Negative Group Delay, specifically how to render those technologies commercially viable. The Company's common stock is traded OTC under the symbol "QBII." More information is available through the company's website. Every stockholder or interested investor is encouraged to join our Shareholder's Group hosted by Yahoo! Groups. Important topics regarding this company are discussed through the Shareholder's Group. We encourage anyone interested in our work, company, history, or story to contact us. We welcome informed people as stockholders to share our future.

This release may include projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurances that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release.

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