im ready, are you?
10/31/2005 - Audit Update
Dear Shareholders:
Q Television Network, being a subsidiary of Triangle Multi Media, completed its audit on Friday, October 28, 2005. The audit is currently going through its certification process and will be available for viewing within the coming weeks.
I would like to take a moment to highlight the important points of this audit:
Q Television will show its total asset base
Q Television will show its debt *** roughly 30% less than expected
Specific asset percentages, breakdowns and splits of Q Television Network and /or its parent, Triangle Multi Media
Based upon the findings of this certified audit, senior management and the Board of Directors will immediately meet in Las Vegas on Tuesday, November 1, 2005 to implement a financial structure to further develop the company.
Sincerely,
Frank Olsen
Source: Triangle Multi Media
