SOURCE: Quantum Bit Induction Technology Inc.

January 24, 2011 07:00 ET

Quantum Bit Induction Technology, Inc. Introduces New Details of Funding Structure; Over $4 Million Promised for 2011

HOUSTON, TX--(Marketwire - January 24, 2011) - Quantum Bit Technology, Inc. (PINKSHEETS: QBII), presents updated notice of funding structure to shareholders and interested parties. The Company continues its previous research, development and production projects but will likely no longer require periodic new capitalization to accomplish its objectives. Quantum Bit Induction Technology, Inc. plans to operate from income generated by strategic investments in which it is a limited partner. More information is available at the company's website: www.quantumbit.com. Additionally, the Company has sought private financing in amounts surpassing $4 million and has been promised delivery of financing for 2011 from reliable parties.

The Company is a limited partner of QBIT Investment Fund, LP ("The Fund"), which is managed to take advantage of the depressed US commercial real estate market, in high-end shopping centers, Class A & B office buildings, and warehouse developments The Fund holds stock in the Company which it leverages or sells to acquire positive cash-flow property with considerable "upside" when the US market rebounds but which will, in the interim, provide the Company sustainable income to continue its research and develop its technological goals. Assets presently under contract or consideration, subject to debt are: a 44,000 sq ft shopping center and a 7400 sq ft office facility. The Fund will continue to acquire similar real estate projects in the future which will increase the Company's income and worth accordingly. The Fund has already acquired Lakewood Towne Square Shopping Center and Quantum Bit Induction Technology is installing a quantum controlled sales amplifier at the location. For more details please follow this link: http://finance.yahoo.com/news/Quantum-Bit-Induction-iw-1028941057.html?x=0&.v=1

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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