QuantumSphere, Inc. (OTCPK:QSIM) is exploring opportunities related to additional financings, licensing of other technologies, and a possible sale of additional assets to cover short-term cash needs. QuantumSphere has had preliminary discussions with multiple parties that have expressed an interest in additional financing, acquiring the Company's assets, and/or merging into the existing operating Company. Management believes that the above options give the best opportunity for QuantumSphere to realize some return on its assets given the Company's limited cash position. The Series A preferred shareholders also approved a third corporate resolution to grant authority to QuantumSphere's board to pursue a merger with, sale to, or acquisition of another operating company or technologies.