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Hello All,
Our alert for Thursday, QLTS has released some intriguing news. This
could cause a some nice activity at the end of the day.
Here's the release in case you missed it:
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.
As always, do your own research, always use stop loss orders to
protect yourself, and book your profits when in a position to do so.
Good Trading,
OTCStockExchange
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