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 Topic: Q Television Network and PrideVision Sign a Letter of Intent

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QBIDVenus  



Joined: 21 Feb 2005
Posts: 40


Posted: 31 Mar 2005, 9:45 pm    Post subject: Q Television Network and PrideVision Sign a Letter of Intent Reply with quote

http://www.qtelevision.com/main/showpress.asp?ID=3504

Thursday, March 31, 2005
Q Television Network and PrideVision Sign a Letter of Intent

PALM SPRINGS, Calif. – March 31, 2005– Q Television Network’s, (Pink Sheets: QBID) President and CEO, Frank Olsen and Bill Craig, CEO of Canadian OUTtv D.B.A. PrideVision announced today that they have signed a Letter of Intent to explore opportunities by which the two companies may take advantage of joint programming initiatives and a potential equity investment in the Canadian Television service.

The Parties have identified a number of areas of interest, including the telecast of Canadian produced live and acquired programming in the U. S. as well as branding and marketing opportunities for the respective television services.

Mr. Craig, said, “A relationship with Q Television Network could provide OUTtv with the opportunity to share gay programming throughout the world.”

“I feel this is the first step in a long relationship between the two networks,” said Olsen. “We have a great interest in working with OUTtv and moving Q Television forward with this venture. This also shows how committed Q Television and its executives are at making GLBT televisions succeed for the queer communities.”

Q Television is interested in OUTtv purely for its family/life programming and the company and its executives have no interest in the networks’ pornographic shows.

About OUTtv
OUTtv is a digital specialty network providing programming of interest to the gay, lesbian, bisexual and transgender (“GLBT”) community and GLBT-positive viewers across Canada. Originally launched in September 2001, it is the world’s first GLBT network to broadcast 24 hours a day, seven days a week.

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. 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.
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