Quantum Bit Induction Technology, Inc. to Establish New Lab Facility
December 15 2010 - 8:55AM
Marketwired
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.
Contact: Mike Skillern President mikes@quantumbit.com
qbitoffice@quantumbit.com