Q Lotus Holdings, Inc. Announces Slate of Officers and Directors

CHICAGO, Sept. 14, 2010 (GLOBE NEWSWIRE) -- Q Lotus Holdings, Inc. (OTCBB:QLTS) announced a strong team of professionals who have agreed to become officers and directors of the company.

Robert D Horner has been slated to serve as the Chief Executive Officer and a Director of the company. Mr. Horner has 38 years of accomplishments in a wide range of senior financial management and real estate development roles.  For the past 15 years he has served as a principal and co-owner of Winthrop Properties (a residential development company he founded) in Evanston, IL.  Mr. Horner's corporate experience includes positions as CEO and Chairman of Citicorp Mortgage, CEO and Chairman of Sears Mortgage Corporation, Illinois Division President, Mortgage Division Head and Corporate CFO for Pulte Homes.

Robert H. Daskal has been slated to serve as the Chief Financial Officer and a Director of the Company.  For the past 14 years Mr. Daskal has been the CFO and Vice President-Finance for National Holdings Corporation, a publicly held financial holdings company, in Chicago, IL.  Prior to that Mr. Daskal served as the Executive VP, CFO, and a Member of the Board of Directors for two publicly held companies with a focus on home building:  Inco Homes Corporation, with activities primarily in Southern California, and UDC Homes, Inc., with activities in several of the sun belt states in North America.  Mr. Daskal was formerly a Partner at Arthur Andersen and Company in Chicago, IL, where he worked for 15 years.

Daniel Kurzweil has been slated to serve as the Chief Operating Officer and a Director of the company.  Mr. Kurzweil has been the Administrator for Eagles of Hope, Inc. for the past 5 years as well as maintaining a successful insurance business specializing in Employee Benefits management. He is an experienced professional with a successful career in sales and marketing, finance, business development and administration.  Prior to that Mr. Kurzweil was the Managing Partner for the largest franchisee of Field of Dreams, and a Financial Advisor at Morgan Stanley.

Marckensie Theresias has been slated to serve as the Chairman and President of the company.  Mr. Theresias was the Vice President of Quantum Partners, a private equity firm.  He was President of Marxx-Phoenix Developers, a successful residential real estate developer in Miami, FL.  He also served as CEO/President of Capital G Enterprise, a pre-paid debit card issuer.  He served as a Mortgage Originator for UMI Funding and Mortgage Clearing House. Mr. Theresias currently serves on the board of Eagles of Hope.

Steven Greenberg has been slated to serve as a Director of the company. Mr. Greenberg is a member of the Chicago Mercantile Exchange, the Chicago Board of Trade, the Minneapolis Grain Exchange, and the Kansas City Board of Trade. Mr. Greenberg was a founder, Chairman, President, and CEO of Alaron Trading Corporation – a Chicago based global futures and options brokerage. He is the author of Single Stock Futures and supports a number of civic initiatives including The Gastro-Intestinal Research Foundation of the University of Chicago, The Weizmann Institute of Science, and the Boston University Alumni Council.

Brian Ulione has been slated to serve as a Director of the company. Mr. Ulione is currently a Principal with Business Transition Specialists (BTS) in Overland Park, KS. Brian was the President of Consultants Unlimited where he provided consultation services to such clients as Diamler-Chrysler, Westfield Corporation, and the St. Louis Rams. Prior to that, Brian worked with the Rouse Company on several mixed-use developments throughout the country. He has more than 25 years of experience in the sales, management, and business development side of professional sports, entertainment, racing, and gaming businesses.  Brian has served on many charitable and community boards of directors and is currently a Director of The Boys Club of St. Louis.

Robert H Brennan has been slated to serve as a Director of the company. Mr. Brennan has been a senior investment advisor with CB Richard Ellis Group, Inc. since 1987.  The company is publicly traded on the NYSE  under the ticker "CBG".  Mr. Brennan has over 23 years experience in commercial real estate specializing in the placement of sale leaseback equity investment offerings as well as single-tenant net leased properties throughout North America.  In 2001 he co-founded the National Sale Leaseback Group of CBRE.  Mr. Brennan has completed investment transactions totaling over $2 billion in gross consideration during his career.  Mr. Brennan also serves as an independent director and Chairman of the audit committee for Oromin Explorations – a publicly traded mineral exploration company based in Vancouver, British Columbia which trades on the Toronto Stock Exchange under the symbol "OLE".

CONTACT:  Q Lotus Holdings, Inc.           Brad Friedman           (312) 379-1800 x5           [email protected]