Triangle Multi-Media Completes Retirement of One Billion QBID Shares Monday April 18, 7:30 am ET
PALM SPRINGS, Calif.--(BUSINESS WIRE)--April 18, 2005--Triangle Multi-Media, (Pink Sheets: QBID - News) announced today that Triangle Multi-Media received notice that the retirement of 1,000,000,000 shares of QBID stock, which began in December 2004, is now finished, and the reduction in float has been complete.
The 1,000,000,000 retired shares are QBID common stock that was personally held by Frank Olsen, President and CEO of Q Television Network.
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. Contact:
Media Contact: CWR & Partners, LLP Ronnie Welch, 508-222-4802 Ronnie@cwrpartners.com or Investor Contact: Equity Relations, Inc. Richard Brown, 978-767-0048 Staff@EquityRelations.com
Source: Triangle Multi-Media
Watch it.... Could make a run....
-------------------- "Never stop dreaming." the most successful ppl in the world dream about things they want and then go after those dreams.. dream big and work to make those dreams a reality.
Warning all posts by this person are considered to be false and not factual.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
