LEESBURG, Va., March 26, 2018 (GLOBE NEWSWIRE) -- Innovative Beverage Group Holdings, Inc. (OTC:IBGH) (the “Company”), today announced it is shifting business focus to quantum computing. In connection with this shift in strategic direction, the Company plans to change its name to “Quantum Computing Inc.” and has reserved the website www.quantumcomputinginc.com. The Company has filed the application with FINRA to change its name to Quantum Computing Inc., upon the approval of which it will be issued a new trading symbol.
Quantum Computing Inc. (“QCI”) is developing processes to commercialize quantum computing and application services. Quantum computers are expected to be faster, more powerful and capable of solving problems that existing computers cannot. Technology industry experts estimate the potential market for this new technology could be in excess of $10 Billion and anticipate quantum computing breakthroughs in finance, cyber security and medicine.
QCI has assembled a team of highly accomplished computing and security experts to build a Quantum Annealing Computer for applications in the financial and security industries. The Company has initial seed funding and is currently considering other funding options to advance development.
About Quantum Computing Inc.
Quantum Computing Inc. (“QCI”) is developing processes to commercialize quantum computing and application services. QCI has assembled a world class team of experts in super computing and security who are designing a quantum annealing computer capable of simulating the capabilities of a Quantum Computer. QCI’s initial focus will be the creation of quantum finance applications. To learn more, please visit www.quantumcomputinginc.com
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Statements in this press release that are not descriptions of historical facts are forward-looking statements relating to future events, and as such all forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Statements may contain certain forward-looking statements pertaining to future anticipated or projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this presentation that are not statements of historical fact may be considered to be forward-looking statements. Words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements.
These forward-looking statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, successful completion of the Company’s proposed restructuring, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed from time to time in our reports filed with the Securities and Exchange Commission.
There can be no assurance that our actual results will not differ materially from expectations and other factors more fully described in our public filings with the U.S. Securities and Exchange Commission, which can be reviewed at www.sec.gov.
CONTACT: Contact: Quantum Computing Inc. Company Contact: Investor Relations Info@quantumcomputinginc.com
