Stock Distribution and New Website Completed
July 30 2008 - 8:21AM
Marketwired
HOUSTON, TX continues to focus its corporate activities on
nuclear fusion water electrolysis devices and their application to
power systems. The Company has updated its website,
www.quantumbit.com, to reflect this focus. "We are shifting our
other project work to affiliates and working partners in order to
devote attention to the important power device work," explained
Mike Skillern, Corporate President.
The Company recently completed distribution of Symmetry
Technologies, Inc. shares to our Class B Stockholders. Symmetry
operates an online pharmacy and is championing the human
rejuvenation development work initiated by Quantum Bit.
A distribution of Mustang Performance Headquarters, Inc. shares
to Class B Stockholders is being scheduled. Details of that
distribution will be disclosed through our online Stockholder's
Group. Stockholders are encouraged to join that Group; subscription
details are available on our website.
The conversion rate between Quantum Bit's Common Shares ("QBII")
and Class B Shares ("QBITB") recently changed pursuant to a formula
filed with the Nevada Secretary of State office. The formula is
designed to enhance value for our Class B Stockholders. Quantum Bit
Common and Class B Shares are mutually convertible at the
prevailing rate which automatically adjusts monthly, on the 28th of
each month. The conversion rate is published on our website and
updated monthly. The rate changed on the 28th of July from 1 QBITB
= 1.05 QBII to 1 QBITB = 1.16 QBII. The Company encourages all
stockholders to hold their position in Class B Stock. Class B Stock
may only be acquired by converting QBII Common Shares into Class
B.
Investors are cautioned that the company is small and is working
in highly speculative and very technical areas. Anyone interested
in investing in Quantum Bit is encouraged to study the company
thoroughly and contact us for any information they may want or
need. We strongly discourage investment by the under informed.
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.
For information please contact: Quantum Bit Induction
Technology, qbitoffice@quantumbit.com, Mustang Performance
Headquarter, Inc., mphinc@consolidated.net or Symmetry
Technologies, Inc., office@symmetrytech.net.
For information please contact: Quantum Bit Induction Technology
qbitoffice@quantumbit.com Mustang Performance Headquarter, Inc.
mphinc@consolidated.net or Symmetry Technologies, Inc.
office@symmetrytech.net