SOURCE: Quantum Bit Induction Technology

December 15, 2010 08:55 ET

Quantum Bit Induction Technology, Inc. to Establish New Lab Facility

HOUSTON, TX--(Marketwire - December 15, 2010) - Quantum Bit Induction Technology, Inc. (PINKSHEETS: QBII) is pleased to announce agreement to establish a new lab facility in Houston, Texas. The lab will be conveniently located for key personnel who will be furthering the company's work in fusion, negative group delay, and wireless power transmission. The facility is scheduled to be operating in January of 2011. "The workshop will help centralize our efforts, should accelerate our progress with our technical work and will hopefully give us some interesting products in 2011," said company president Mike Skillern. "The last couple years have seen technical development capital pretty much dry up and blow away. However, we have seen a strong resurgence of development investing in recent months. We believe, firmly, that 2011 will offer both the theoretical affirmation and the practical applications that will signal real progress for our company and for us all," concluded Mr. Skillern.

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." The Company also issues Class B Stock which is privately held and does not trade publicly. 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.

Forward looking statements in this press release reflect our knowledge, belief, and information available at the time of release. Everyone should become thoroughly informed about the company prior to buying any shares of this company.

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