SOURCE: Q Lotus Holdings Inc.

January 03, 2011 10:29 ET

Q Lotus Holdings, Inc. Formally Installed New Board

CHICAGO, IL--(Marketwire - January 3, 2011) -  Q Lotus Holdings, Inc. (OTCBB: QLTS) is pleased to announce that it has completed the seating of its previously announced new Board of Directors. The new Board has been formally installed effective today, January 3, 2011.

Q Lotus Holdings, Inc. focuses its operations on areas of finance, real estate, and natural resources where it believes there are special opportunities to accomplish high returns with controlled risk under current and future economic conditions.

The company is in the process of prioritizing its 26 mining claims to best take advantage of the growing worldwide demand for commodities. It is also exploring alternative energy businesses.

The company is also engaged in discussions for acquisition and/or financing of growing small businesses and opportune acquisitions and financings of real estate. It has entered into two major real estate agreements from which it expects to realize above normal returns. It is also in the process of entering into a joint venture with a company which manages distressed real estate and distressed Notes secured by real estate. This particular company has realized an average annual internal rate of return of more than 70% over the last 10 years.

Q Lotus Holdings, Inc. will follow a policy of providing further information through periodic public updates as it progresses under the oversight of its distinguished new Board of Directors.

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