Published: August 11, 2006
Quantum Bit Induction Technology Inc. Announces a 10 - 1 Forward Split of Its Common Stock
Quantum Bit Induction Technology Inc.
(PINKSHEETS: QBIT) announced today that the process for a forward split of
its shares of its common stock, 10-for-1, is being completed. The
anticipated effective date will be announced.
"We believe that this forward split increases liquidity for our common
shares and increases shareholder value for our existing stockholders," said
Mike Skillern, QBIT President.
For more information on QBIT and its projects visit our website at
http://www.quantumbit.com.
The statements in this press release are not forward looking. Anyone
considering QBIT common share ownership should first understand the
company.
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