SOURCE: Quantum Bit Induction Technology, Inc.

April 10, 2006 13:59 ET

QBIT Receives Negative Group Delay Circuitry

HOUSTON, TX -- (MARKET WIRE) -- April 10, 2006 -- Quantum Bit Induction Technology, Inc. (OTC: QBIT) has received delivery of the initial negative group delay circuitry from Biodyne Development Company. The circuit's negative group delay is just under one second. The circuitry is designed to interface with a computer for information transport. The companies are working to deepen the negative delay in pursuit of QBIT's programmed trading project.

Biodyne has received the right to use and jointly own the programmed trading project work under development with QBIT. The prototype circuitry was adapted from the work of Kitano, et al (American Journal of Physics, Vol. 70, 11,1117-1121,2002).

QBIT Shareholders of record (100+ shares) as of July 21, 2006 qualify to use, individually, systems developed by QBIT's programmed trading project, whenever and if ever distributed by the company for use. Remington Ventures, Inc. Shareholders (100+ shares) have the right to use, individually, any QBIT programmed trading system that is developed pursuant to company policy.

QBIT extends the right to use the systems that it develops, if any and if ever, to QBIT's corporate and institutional Shareholders effective July 22, 2006. Please contact the company for details.

Additional information is available on www.quantumbit.com.

The statements in this press release are not forward looking. Anyone considering Biodyne, RMVN and QBIT share ownership should first understand the Companies.

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