HOUSTON, TX–(EMWNews – July 30, 2008) – Quantum Bit Induction Technology, Inc. (OTC: QBII) 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,

[email protected], Mustang Performance Headquarter, Inc.,

[email protected] or Symmetry Technologies, Inc.,

[email protected].