CHICAGO, April 26, 2011 /PRNewswire/ -- Q Lotus Holdings, Inc. (OTCBB:QLTS) is pleased to announce the Company has obtained an insurance policy from Wealth Assurance AG of Liechtenstein which maintains a reinsurance treaty with Swiss Re. Q Lotus is authorized to utilize the policy as collateral for loans and corporate debt.
"We have been working with Wealth Assurance for some time and have finalized the terms and conditions of the policy. Protection and reliability are very important factors these days. Having Wealth Assurance and Swiss Re in our corner with this insurance wrap provides a greater level of certainty, security and confidence further supporting any corporate debt," states Marckensie Theresias, President and Chairman of Q Lotus Holdings.
About The Company
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.
SOURCE Q Lotus Holdings, Inc.