post from rb
I received this e-mail today.
FOR IMMEDIATE RELEASE:
PALM SPRINGS, Calif. - September 21, 2005 - Q Television Network (OTCBB
Other: QBID), announced today that Frank Olsen, President, CEO and
Founder of Q Television Network, has sent the following letter to
shareholders.
Dear Shareholders:
I'd like to briefly share some information with you about the network.
The studio is up and running, and is presently producing 5 hours a day
of live new shows this month. Everything is within budget and within
the time expected. I'd like to give a special thanks to Scott Withers &
Alexis Fish for their hard work & dedication. Scott Withers has become
Vice President of Q Television Network, replacing Joseph Morales.
I'm aware of shareholder concerns and I'm also aware that the
shareholder meeting was supposed to be held at the end of September. That being
said, we are a little behind schedule.
The DVD for shareholders should be mailed during the beginning of
October. If you haven't sent an e-mail to Richard Brown yet, please do so,
because the earlier we have your information, the sooner you will
receive your DVD. The DVD will detail the company's growth, position in the
marketplace, and specific answers to shareholder questions.
We have pushed the shareholder meeting back to Tuesday, October 11th.
Originally, we were going to lease a hotel chain so shareholders could
watch the simulcast of this meeting. Logistically, that was too
difficult. We have a contract with an internet company to simulcast the meeting
in type. The meeting will be interactive so that shareholders can ask
questions.
We are on time with the audit, and it will be made public upon
completion. The audit will outline certain points.
1. Triangle Multi-Media owns Q Television Network. If Q Television
Network is sold, Triangle Multi-Media shareholders will be paid.
2. The additional assets of Triangle Multi-Media will also be disclosed
in the audit, and this audit will ultimately bring us to reporting
status. Please allow another 60 days for this to be completed. Due to
government agency reporting, we cannot pinpoint or control the exact date
for completion of the audit and fully reporting status. I understand this
information has been a long time coming and well deserved for the
shareholders. This audit will show that the financial side of Triangle
Multi-Media is just as structured as the creative side of Triangle
Multi-Media.
3. The teleport has become an income-producing entity, and more
importantly, the land we purchased with the teleport is on high ground with
minimal damage. We have been running fiber uplinks throughout the
country, and by week's end we will have digital uplink service throughout the
country.
I ask you to have confidence in our network. Contracts have been signed
and are pending approval by the carrier companies. We will put this
information out on the wire when we can. New advertisers have been
signed, and you can view them on Q Television Network.
It's our goal to be a profitable company. If Triangle Multi-Media
continues on the path it's on, we should break even by January 2006 and
profitable by May 2006.
Finally, on national coming out day, Tuesday October 11th, we plan to
have an open house for our studio. We have a limited number of seats
available. But, please e-mail Richard Brown at staff@EquityRelations.com,
and we will provide seats for shareholders on a first-come, first-serve
basis.
Thank you for your time.
Frank Olsen
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
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