QRSCIENCES HOLDINGS LIMITED(QRS)

name changed to Q Technology Group Limited

securities reinstated to quotation

in line with the agreement finalised in February 2006, QRSciences Holdings Limited (ASX:QRS) (QRSNY:PK) has increased its holding inSpectrum San Diego, Inc. (Spectrum), to 27.4% - this completes the commitment made by QRSciences under that agreement to acquire up to 27.4% of Spectrum via the purchase of preferred stock, through a combination of cash and scrip consideration at an agreed total value of US$2.6M

QRSciences has finalised the dispatch of shares and options in conjunction with the recently completed rights issue and is finalising the convertible note conversion today - the Company is pleased to announce that it expects to resume trading on the ASX early in the week of Monday 20th August 2007

the Company has today allotted 21,134,373 New Shares at an issue price of $0.30 each, raising approximately $6.34m - in addition, 21,134,373 free attaching New Options, exercisable at $0.45 on or before 30 June 2012, have been issued - the proceeds of the Rights Issue will also retire the outstanding Convertible Notes and the company will be applying for the re-quotation of its securities shortly

the Company confirms that it has despatched a non-renounceable rights issue prospectus

company lodges a Prospectus for a Non-renounceable Rights Issue

company withdraws the pro-rata non-renounceable rights issue ("Rights Issue") pursuant to its prospectus lodged on 3 May 2007, as amended by a supplementary prospectus dated 8 June 2007. QRS expects to provide an update shortly of its capital raising intentions

the Company is now offering 30,010,961 New Shares at an issue price of $0.30 per New Share on the basis of 3 New Shares for every 5 Existing Shares held by Shareholders registered as at the Record Date and 1 free attaching New Option for every 1 New Share exercisable at $0.45 on or before 30 June 2012 - the revised Offer will raise $9,003,288 before the costs of the Rights Issue - the Record Date determining Entitlements remains at 14 May 2007 - the new Closing Date is 5pm WST on 18 June 2007

lodges an extension for a pro-rata non-renounceable rights issue of 16,667,106 new shares at an issue price of $0.40 each on the basis of 1 new share for every 3 existing shares held together with one free attaching new option for every 1 new share, exercisable at $0.40 on or before 30 June 2010, to raise up to $6,666,843

securities suspended from quotation pending an announcement

we understand that on or about this date the company consolidated its shares 1 for 10

name changed from Clearwater Group Limited