could this be the Q banK?
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CORRECTING and REPLACING Triangle Multi-Media Buys Back 3% of its Outstanding Shares
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10:59 ET
Business Wire
PALM SPRINGS, Calif., Jun 14, 2005 (BUSINESS WIRE) --
adding sentence to quote in third graf, should read "Q Television is the only linear GLBT network in the country offering live programming, 24/7 shows and it is gay television for the gay community by the gay community," added Olsen. (sted "at least that," added Olsen)
The corrected release reads:
TRIANGLE MULTI-MEDIA BUYS BACK 3% OF ITS OUTSTANDING SHARES
Triangle Multi-Media, (Pink Sheets:QBID) announced today that the network will buy back 3% of its total outstanding shares. This buy back will begin immediately.
"Our financial consultants feel this buyback is the right move based upon the undervalued price per share," says Frank Olsen, President and CEO of Q Television Network.
"Market analysts have been quoted as saying the GLBT television market is worth 3 to 5 billion dollars, and we feel our current capitalization should be at least that. Q Television is the only linear GLBT network in the country offering live programming, 24/7 shows and it is gay television for the gay community by the gay community," added Olsen.
About Q Television Network
This television network was organized to create and develop a network devoted to providing television programming for the gay and lesbian community. While the company expects much of its subscriber base to be comprised of members of the gay and lesbian population, management also believes that quality programming about the gay and lesbian experience, designed to entertain, educate and inform, will attract many other segments of the viewing public. The company's programming will be available on a subscription basis to those desiring its programming. The network will broadcast 24 hours per day, 7 days per week. Providing distribution via satellite ensures availability of the network across the United States, including Alaska, Hawaii and Puerto Rico. Q Television Network is the Network for the Gay Games VII. For further information on programming and subscriptions, please visit www.qtelevision.com.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; the television network's ability to execute its business model and strategic plans; and the risks described from time to time in the company's Securities and Exchange Commission filings.
Press Release Information Source: Q Television Network
SOURCE: Q Television Network
Media Relations Contact: CWR & Partners, LLP Ronnie Welch, 508-222-4802 Ronnie@cwrpartners.com or Investor Contact: Equity Relations, Inc. Richard Brown, 617-314-7379 Staff@EquityRelations.com
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