Quantum Technologies Announces Repayment of Bridge Notes and Termination of Forbearance Agreement

Quantum Technologies, Inc. QTWW, today announced that on April 29, 2011, it fully repaid the outstanding principal and interest owed under certain bridge promissory notes originally issued in October 2010 and amended in January 2011 and, as a result of such repayment, the defaults under the Company's senior secured debt obligations were cured and the Forbearance Agreement between the Company and its senior secured lender was terminated.