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QBIT Finalizes Creation of Class BadvertisementRelated information E-mail this article Print-friendly versionStocks mentioned in this articleQUANTUM BIT INDUCTION TECHNOLOGY INC (QBIT) Stock Quote, Chart, News
All Market Wire NewsQuantum Bit Induction Technology Inc. (PINKSHEETS: QBIT) has finalized the plans and paperwork for the creation of a Class B Common Stock and submitted those plans and paperwork to legal counsel. This action follows the Board of Director's Resolutions implementing prior Shareholder Resolutions.
Class B Common Shares are designed to be more beneficial to hold than Ordinary Common Shares and yet maintain convertibility between classes. The Class B Common Shares, however, will have corporate voting and technical access privileges that are superior to the convertible number of Ordinary Common Shares.
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"QBIT is adjusting its capital structure to exploit available opportunities in the financial marketplace," explained QBIT President Mike Skillern. "Our job is to make value for the Shareholders and that is what this effort is all about."
For more information on QBIT and its projects, visit our website at www.quantumbit.com.
QBIT is a technology developer that builds theoretically sensible ideas into technological realities. We work in the project areas of Power, Propulsion, Quantum Control, and Biology. Our primary interest is our Shareholders; we strive to generate value, benefits and loyalty to them. Please take the time to learn how and why, visit www.quantumbit.com and ask questions.
QBIT, in all cases, maintains project rights for its shareholders. Information concerning those rights is available on the QBIT website or by contacting QBIT directly.
All Shareholders are encouraged to join the QBIT Shareholder Group on Yahoo by visiting www.quantumbit.com/html/shareholdergroup.html
The statements in this press release are not forward looking. Anyone considering QBIT common share ownership should first understand the company.
Contact:
Quantum Bit Induction Technology Inc.
Peter McCain
Office: 281-531-5550
www.quantumbit.compmccain@quantumbit.comCopyright 2006 Market Wire
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