QBID news -FWIW- FOR IMMEDIATE RELEASE:
The private group of investors is committed on buying QBID stock to .01
PALM SPRINGS, Calif. – March 21st, 2005 –Triangle Multi-Media (Pink Sheets: QBID)
the parent company of Q Television Network, was informed late last week that a private group of investors is in the process of buying a large portion of its QBID stock. The private group of investors has committed themselves to buying QBID stock up to .01.
“We are delighted to have such strong support for our company. Management and I feel strongly that the stock is extremely undervalued and we believe it won’t take long to see the price of the stock at a penny,” stated Frank Olsen, President and CEO of Q Television Network. “Our company is stronger than ever. We are building something great in Q Television, but there is a clear disconnection between the explosive growth of the company and the current price of the stock.
“Furthermore, we believe our stock is being unjustifiably suppressed and we can no longer sit back and tolerate that type of manipulation. We are working with the private investors and are taking active steps to turn this around. We feel strongly this will restore confidence in our loyal shareholders and restore true value in our company stock,” said Olsen.