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Quantum Computing Provides Corporate Update

1270 Days ago

LEESBURG, Va., July 26, 2018 (GLOBE NEWSWIRE) -- Quantum Computing, Inc. (OTC:IBGHD) (formerly Innovative Beverage Holdings Group (the “Company” or “Quantum Computing”), a technology company developing applications for the next generation of computing, today announced a corporate update regarding the development of quantum processes for the finance and cybersecurity sectors.

Quantum Computing is currently developing commercial projects that include a Quantum Encryptor, solving N.P. Complete Problems for the financial services market and a Quantum Simulator for general problem solutions. The Company believes it will begin to generate revenue from its financial services applications within the next twelve months.

Industry research suggests that the high-end computing market is on the verge of an inflection that will create robust growth.

“Quantum computing is moving from theory to test phase, according to a recent Morgan Stanley report, citing efforts underway among several private companies and technology giants, universities and government research labs. If these developments yield functional quantum computers, the market for high-end computing could double in the next 10 years to $10 billion.”  
A Quantum Leap Toward a Computing Revolution - Morgan Stanley Report

Quantum Computing will target the finance and cybersecurity markets, which are anticipated to face disruption from the introduction of quantum technology. The Company intends to capitalize on this opportunity through the launch of numerous upcoming products.

“Quantum Computing is using its expertise in mathematics and algorithm development to position the company for growth in the burgeoning computing revolution. In finance, algorithmic trading accounts for over 85% of market volume and is an important part of most investment strategies,” said Dr.Richard Malinowski, Chief Technology and Operations Officer of Quantum Computing. “We are developing powerful algorithmic applications derived from quantum computing that should be able to solve optimal trading trajectory issues. We believe these Quantum applications have the potential to be the new standard for algorithmic trading.”

“The substantial work that is being done by large companies such as IBM, Reghetti and D-Wave helps validate the potential of quantum computing and will allow other innovators, such as Quantum Computing, to accelerate their contributions in the market place,” commented Quantum Computing Chief Executive Officer Robert Liscouski. “We are focused on disrupting the market with our sophisticated applications.”

About Quantum Computing Inc.
Quantum Computing Inc. (“QCI”) is developing processes to commercialize quantum computing and application services. QCI has assembled a team of experts in super computing and security who are designing a quantum simulator capable of reproducing the capabilities of a quantum computer. For more information about QCI, please visit www.quantumcomputinginc.com

Safe Harbor Statement: Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of QCI, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.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 OTC Markets, which can be reviewed at www.otcmarkets.com.

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