SOURCE: Quantum Bit Induction Technology, Inc.

May 12, 2011 09:24 ET

Quantum Bit Induction Technology, Inc. Is Creating Fusion Power Device From Its Working Prototype

HOUSTON, TX--(Marketwire - May 12, 2011) - Quantum Bit Induction Technology, Inc. (PINKSHEETS: QBII) has acquired commercial rights to a fusion device that produces heat and with successful modifications should soon produce electricity. The fusion device is small and uses very little fuel while producing substantial amounts of energy in the process. This energy could be used to power homes, buildings, vehicles or anything else that needs energy. Unlike chemical combustion, such as coal or gasoline, the fusion device produces no harmful exhaust products. The Company hopes to introduce its working product later this year which is based on working, well documented prototypes.

Quantum Bit has posted photos and videos of the fusion prototype(s) on its website underlying the "fusion" link on its main webpage. We invite inquiries from all interested parties.

Quantum Bit Induction Technology, Inc. is a Houston-based technology developer of Fusion, Wireless Power Transmission, Negative Group Delay, and Quantum Control 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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