SOURCE: Quantum Bit Induction Technology, Inc.

July 15, 2008 11:16 ET

Quantum Bit Announces Technology Transfer

HOUSTON, TX--(Marketwire - July 15, 2008) - Quantum Bit Induction Technology, Inc. (PINKSHEETS: QBII) announced today the technology transfer of a proprietary Nuclear Hydrogen Generation Device to Mustang Performance HQ, Inc. (PINKSHEETS: MPFH) for refinement and commercialization.

The Nuclear Fusion Electrolysis Device (NFED) is an affordable and efficient automotive aftermarket product that increases horsepower and reduces fuel consumption in internal combustion engines, both gasoline and diesel.

The NFED fits under the hood of the vehicle and utilizes the engine heat and available DC current to initiate low energy nuclear reactions and break to break the molecular bond between Hydrogen and Oxygen, freeing each to be injected in to the combustion chamber along with the petroleum to increase power and reduce engine heat resulting in reduced fuel consumption and a smoother running longer lasting engine. The device promises to be economical to purchase, simple to install and has no moving parts to wear out. The consumable component is water.

Mustang Performance HQ, Inc. (PINKSHEETS: MPFH) is an after market automobile performance and appearance facility specializing in the Ford Mustang and similar "muscle car" enthusiast market. With the emphasis on "performance," the client base is growing for cars of all makes and vintages.

Mike Clifton has established a well deserved reputation for quality work and fair prices in a business sector not famous for garnering positive accolades. The company estimates that 83.5% of their new business comes from satisfied customer referrals. Clifton reports, "We have been more than doubling our production yearly and an end to that production curve is not yet in sight. We thrive on restoring and returning cars to the road that others gave up on, but 'Performance' is our middle name. That said, the NFED is the most exciting, practical and economical device we have seen to date."

MPH, Inc (PINKSHEETS: MPFH) has established an equity relationship with Quantum Bit Induction Technologies, Inc. (PINKSHEETS: QBII), a technology development company focused on practical innovative applications of quantum technologies including power and propulsion.

Investors are cautioned that the company is small and is working in highly speculative and very technical areas. Investors should become informed about our company, philosophy, and mission before investing. The statements made in this release are based on the information available to the company at the time of release. Any forward-looking statement or opinion contained in this release is accurate to the best of our knowledge.

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