[July 22, 2011]

Marquis Tech Holdings Announces Update To Wireless Internet Project

Marquis Tech Holdings, Inc. (Pink Sheets: MGRND), announces an update to its Wi-Fi and IPTV (News - Alert) system currently under development.

The Company will be rolling out a state of the art subscription based wireless service which will be offered to residents of Linden, Guyana. Linden is the second largest city in Guyana after Georgetown with a population of approximately 60,000.

Over the course of the past five months the company has been carrying out predevelopment initiatives. Feasibility studies have been performed and the company is close to finalizing the selection of the systems major components.

Marquis CEO Saratu Phillips stated: "We have had numerous meetings in the past few months with hardware providers and consultants to ensure that once this system is up and running, it will be a solid platform with room for expansion. It is all about planning ahead and ensuring our technology will not only meet the demands of Linden people today, but for years to come."

The company signed a joint venture agreement earlier this year with the owner of a Licene to Transmit in the city of Linden. Obtaining a License to Transmit in Guyana can be a long in depth process. It took the owner eight years to obtain this license which was just granted this past December. He is currently the only one to date who has a license to transmit in this city and he was looking for a partner who was highly proficient in technology and telecommunication systems, who could build out the wireless internet service provider infrastructure, and manage the operations and logistics once it is up and running.

Currently, residents in the city have limited access to television and internet services. Television is limited to either a single government owned channel or Direct TV/Satellite which less than 1% of the population currently uses due to the high installation & maintenance costs. While internet is presently available in the area through hard wire, it is virtually unaffordable by residents because it requires high installation fees as well as a high monthly fee. Astrolobe projects that its wireless internet will cost less than half of the current price point, opening it up to the majority of the households and enabling it to reach critical mass.

"We are pleased with our relationship with our joint venture partner thus far. He is very passionate about bringing 21^st century technology to the city of Linden. As we are a holdings company we have numerous projects underway at the same time. We will be selecting a general manager to oversee all operations on this project in the coming weeks we are looking forward to getting our shareholders more detail on the project as it unfolds". Stated Mr. Phillips.

About Marquis Tech Holdings

Marquis Tech Holdings, Inc. is currently in the process of building a successful portfolio of revenue generating technology and real estate assets. In our role as managers, operators, and marketers of technologies we believe that leveraging our industry experience and capitalizing on our strategic relationships are the best ways to achieve profitable results. Marquis' company philosophy is to acquire domestic and international companies which possess an inherent competitive edge whether it's derived through written law, intellectual property, or government contracts and inject the capital necessary to maximize earnings while pooling resources and managing the logistics to ensure all acquisitions operate in efficient harmony.

Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

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