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Winsted Delivers China Manufacturing Deal to Qbe Tech

Winsted Receives First Monthly $10,000 Service Fee in Equity

Winsted Holdings, Inc. (OTC BB: WNHL), a Business Development Company (BDC), is pleased to announce that it has delivered to Qbe Technologies, Inc. a Letter Of Interest from a United States representative of a Chinese manufacturer based in Shenzhen, China. This deal was delivered as part of its Management Consulting Services Agreement previously announced just 21 days ago (on May 4, 2005). Winsted has received its first monthly fee of $10,000 in Qbe Technologies equity and will be booked, as May 2005 business.

The Electronic Manufacturing Services (EMS) company based in Shenzhen, China, provides a wide range of service (from simple high-quality PCB manufacturing to full turnkey design/manufacturing services). They have top-notch MPS/MRP systems and over 100 graduate Development Engineers. The factories (3 buildings in 2 nearby sites) have some 250,000 square feet of space and over 1,200 employees with high-performance SMT, plastic and assembly machines.

The main conditions for re-tooling and start of production are as follows: (1) Full accessibility to all engineering drawings, Gerber files, software, firmware and etc.; (2) Tooling Payment Terms are 50% deposit and balance when tooling completed; and (3) Production Payment Terms are 30% deposit at the time of Purchase Order (PO) with balance at sight one week before the products are shipped.

"It took us about 3 weeks to scour the world over for a certified ISO 9001:2000 (and ISO 14001) manufacturer capable of handling the demands of the Qbe PC Tablet," stated Winsted CEO Mark Ellis. "Not only have we found the right manufacturing partner, but we also managed to obtain a Letter Of Interest with terms. This is a big deal for most small firms wishing to go overseas to have their products manufactured by a third party. Even if your firm has decided on China, where will you go? China is a very big country speaking many different dialects of Chinese. We managed to cut through the communication and cultural differences to strike a deal for our client.

"Understanding both the domestic and global marketplace across many sectors as it relates to small business enterprises is one of our strong points. Another is getting things done in a short period of time effectively and efficiently. When it comes to making dreams come true for small to medium enterprises, no matter if it's opening a single medspa here in the States or securing telecom landing rights in a foreign country, we are very good at what we do," concluded Ellis.

About Qbe Technologies, Inc.

Based in Irvine, California, Qbe Technologies is a wireless telecomputing company that creates and integrates user-friendly devices bridging the divide between people, organizations and information. Its flagship product -- the Qbe Personal Computing Tablet -- was introduced to fulfill the ever-increasing need for convergence tools that seamlessly blend content, communication and connectivity. More than a fully functional computer, the Qbe is the ultimate creation device that is as versatile as you are. For more information, go to www.qbetech.com.

About Winsted Holdings, Inc.

Winsted Holdings Inc. (otc bb: WNHL) is a Business Development Company (BDC) located in Newport Beach, California. BDCs are publicly traded, closed-end investment companies regulated by the Investment Company Act of 1940. The Company was founded on the premise that combining both operational talent and financial talent within a single private equity investment firm can significantly enhance the magnitude and consistency of investment returns. Winsted Holdings' team consists of accomplished financial professionals with experience at prestigious financial institutions, seasoned corporate executives from various industry enterprises and successful entrepreneurs with expertise developed in aspects from business development to capital markets and from sales and marketing to technology development. Over the coming months, the Company will outline its ever changing portfolio holdings and its plans for the long-term medspa expansion.

For additional information call Investor Relations 949-476-3711 or visit company website http://www.winstedholdings.com/.

Statements made in this press release regarding the Company's or management's intention, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to compete effectively in a rapidly evolving and price competitive marketplace; possible reductions in demand for our products and services due to competition or changes in industry conditions; changes in the nature of medspa and telecommunications regulations in the United States and other countries; changes in business strategy; the successful integration of newly acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company's filings with the Securities and Exchange Commission.

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