CHICAGO, IL--(Marketwire - May 2, 2012) - Q Lotus Holdings, Inc. (OTCBB: [ QLTS ]) ("Q Lotus") has entered into an agreement with Capital Business West, LLC ("CBW") whereby CBW will act as financial advisor to Q Lotus regarding Q Lotus' capital raising activities, as stated in the recent 8-K filing which is located here: [ http://www.sec.gov/Archives/edgar/data/1391142/000114420412024083/v310581_8k.htm ].

CBW specializes in debt placement and private placements for middle market companies throughout the United States and Canada. Stanton Marcus, Managing Director of CBW, will arrange for senior debt lines or other debt facilities requested by Q Lotus. Mr. Marcus has 30 years of experience in corporate finance, commercial finance, and the banking industry. He worked for the investment banking firms of Shearson Loeb Rhoades and Houlihan, Lokey, Howard & Zukin, Inc. specializing in project finance, mergers & acquisitions, ESOP transactions, debt and equity private placements and corporate restructurings. Mr. Marcus has also worked with GE Capital, Congress Financial, Bank of NY, Coast Business Credit and Marquette Business Credit.

Q Lotus has several long term growth opportunities in financial services where the Company can add value and take advantage of its management expertise. These investments are strategically categorized into the following three groups:

The primary use of proceeds will be put towards the Company's financial services activities which will run through Midwest Business Credit ("MBC"). "The investment opportunity with MBC offers attractive returns in a timely fashion, and will provide immediate earnings and cash flow for the company" stated Gary Rosenberg, CEO of Q Lotus. MBC is ready to facilitate its planned expansion given the high demand and strong market for asset-based commercial credit.

Additional medium term growth in cash flow and earnings will be facilitated through Urban R2 Development Company, the real estate affiliate of Q Lotus. Among other real estate activities, Urban R2 is in the process of developing a 22-story mixed-use apartment building in the Near West Loop of Chicago, dubbed Catalyst. Urban R2 has also been awarded the right to develop a downtown for the Village of Wheeling on 20 acres of Village owned land that is adjacent to the Metra Train Station, Park District Facilities, and Village Departments.

Over the longer term, substantial growth in cash flow and earnings may be realized through the Bureau of Land Management mining claims that Q Lotus owns in Arizona, Oregon, and Utah. Q Lotus is in the process of creating and negotiating a joint venture partnership to maximize the value of the claims and contribute to the long term cash flow and earnings potential.

Safe Harbor Statements
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