Q Lotus CEO Announces Plan to Establish Mining Operation Group

CHICAGO, Nov. 17, 2011 /PRNewswire/ -- Q Lotus Holdings, Inc. (OTCBB:QLTS) announces it is in discussions to hire a senior manager to oversee its mining claims and initiate a mining operations group.  The Company has been in discussions with qualified individuals to manage the Q Lotus mining assets to maximize their benefits for the company, as well as establish a mining operations group for the company.

"The maximization of benefits to the company will include, and in fact require, cooperative interaction between the mining group and the company's finance group which can yield cross-group benefits for the company," stated Mr. Rosenberg, CEO of Q Lotus.

About Q Lotus

Q Lotus Holdings, Inc. is a diversified financial services holding company which provides financing and acquires growing companies in which its management participation in operations can create additional value. The Company's principal investment focus is to provide equity and debt capital to growing and middle-market companies with increasing cash flow and escalating income in the following areas: Finance, Real Estate, and Mining.

"We anticipate that each of the three groups will experience substantial growth over the next five years after safely initiating relatively smaller operations which provide a foundation to prudently accomplish the five year business growth plan which we have for each group. We have identified, agreed to, and are in the process of initiating the incubator operations for the finance and real estate groups. We hope to be able to imitate and incubate the mining group operation with a joint venture with an established mining company," Mr. Rosenberg added.

Q Lotus owns 26 mining claims which include substantial mineral rights for gold, silver, platinum, and other diversified mineral assets.

Safe Harbor Statements

This release contains forward-looking statements within the meaning of the federal securities laws. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Information on significant potential risks and uncertainties that may also cause differences includes, but is not limited to, those mentioned by Q Lotus from time to time in its filings with the SEC. The words "may," "will," "believe," "estimate," "expect," "plan," "intend," "project," "anticipate," "could," "would," "should," "seek," "continue," "pursue" and similar expressions and variations thereof identify certain of such forward- looking statements, which speak only as of the dates on which they were made. Q Lotus undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may be disclosed from time to time in our SEC filings or otherwise, including factors discussed in our periodic reports made with the SEC, and, therefore, readers should not place undue reliance on these forward-looking statements. Actual results, including, without limitations, the results of Q Lotus' strategic initiatives, may differ significantly than those anticipated in forward looking statements. Q Lotus undertakes no duty to update these forward-looking statements, except as required by law.

Contact:
Brad Friedman [email protected]  (312) 379-1800 x5

SOURCE Q Lotus Holdings, Inc.