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Press Release Source: Q Television Network


QBID Hires a Team to Investigate Stock Manipulation
Thursday August 4, 2:12 pm ET


PALM SPRINGS, Calif.--(BUSINESS WIRE)--Aug. 4, 2005--Q Television Network (OTCBB Other: QBID), the first 24/7 premium network for the gay and lesbian community, announced today that the company has hired a team of investigators in an effort to uncover any inappropriate trading activity.
"I am extremely frustrated with the current value of our shares," said Frank Olsen, President, CEO and Founder of Q Television Network. "As you know, we are currently in an audit to become a fully reporting company. With all the positive news the network has had I am deeply concerned that the stock has not increased in value, and this investigation has become my number one concern."

Q Television is taking aggressive steps to stop any inappropriate selling of QBID. The network wants to uncover any unrecorded shareholders and disclose all market makers. Q will look into where the market makers are getting their stock, and will, to the best of its ability, start an investigation to flush out any inappropriate sales, thus ensuring that every share is purchased and paid for before it is resold on the market.

"Once the internal investigation is over we will be able to give our shareholders an accurate final share count of QBID. We will be able to determine how many legal shares exist in the market place, and any inappropriate trading will be dealt with by the regulatory agencies. We will do our best to uncover any manipulation of the stock, and we ask that all our loyal shareholders come to us with any questions or concerns about this manipulation. We have set up an email address for all your questions at [e-mail]," Olsen continued.

This investigation is an important part of the current audit, and it will help QBID speed up the process of becoming a fully reporting company.

About Q Television:

This 24/7 premium television network is organized to create, develop and feature television programming for the gay and lesbian community, including live & interactive content every weeknight, plus sports, information and entertainment. 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 is available on a subscription basis to those desiring to subscribe. The network is telecast 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 official network of Gay Games® VII. The network is also ad-supported.

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.



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Contact:
Media Relations Contact:
CWR & Partners, LLP
Ronnie Welch, 508-222-4802
[e-mail]
or
Investor Contact:
Equity Relations, Inc.
Richard Brown, 617-314-7379
[e-mail]



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Source: Q Television Network