Q Lotus Holdings Announces Proposed Private Offering of $2 Billion Secured Bonds Due 2014

CHICAGO, May 5, 2011 /PRNewswire/ -- Q Lotus Holdings, Inc. (OTCBB: QLTS) (the "Company") intends to issue approximately $2 billion of secured bonds due 2014 (the "Bonds").  The Bonds will be secured by the Company's assets and the previously announced insurance policy with Wealth Assurance.  The net proceeds from the offering will be used to complete previously announced financings and acquisitions of growing businesses, and other general corporate purposes.  The Bonds may be offered to qualified institutional buyers as defined in Rule 144a of the U.S. Securities Act of 1933 concurrently with bonds offered outside of the United States pursuant to Regulation S of the Securities Act.

The Bonds and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States or to or for the benefit of U.S. persons unless so registered except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable securities laws in other jurisdictions. This press release does not constitute an offer to sell or a solicitation of an offer to buy the Bonds or any other securities, and shall not constitute an offer, solicitation or sale of any Bonds or other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. Any offer of the Bonds will be made only by means of a private offering memorandum. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

About Q Lotus Holdings, Inc.

Q Lotus Holdings, Inc., a diversified holdings company, is a Chicago-based minority owned business. The Company has a clear vision how to leverage its intellectual capabilities, assets and opportunities, while at the same time, seizing an abundance of prospects provided by the current economic conditions. Acquisitions will be based on future growth potential and leadership. Q Lotus expects to nurture these businesses infusing cash and managerial leadership as needed on a venture capital and/or incubator basis. The Company continues to focus on shareholder value as the cornerstone in its day-to-day operations, and it will continue to provide frequent public updates. www.qlotuspe.com

Q Lotus Holdings is a member of EquityGroups, the Investors Social Network.

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.