quote:Originally posted by Sir Loin: PALM SPRINGS, Calif., Mar 31, 2005 (BUSINESS WIRE) --
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.
And on March 19th, who said that we would see a deal withing 7-10 days
GO QBID!!!!! Bring On The Green
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-------------------- "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.
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posted
By the letter of intent it appears that they are structuring a joint venture rather than a merger or offer to buy Pride. You have to keep in mind that Pride has porno and it would not fit into Q's business model. SO it would not make since for Q to buy Pride but rather use each other.
-------------------- If all goes well then great, if not, make it work.
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posted
Also about POD I noticed that they are moving to a new web site as of yesterday. I am trying to find the old one and will post the address once I do.
-------------------- If all goes well then great, if not, make it work.
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quote:Originally posted by whizknock: Of interest!
By: illuminati2012 28 Mar 2005, 01:22 AM EST Msg. 96968 of 96969 Jump to msg. # After the show Frank came and sat down with my wife and I for about 20 minutes and we had an incredible conversation. Some items I cannot post as he told me if he saw it he would kill me, big stuff, I kid you not. Big. I can say he leaves Tuesday to Toronto to sign the PV deal. 86% aquisition of the part to remain non porn. I do not want to seem dramatic or silly, but if anyone is out of the stock currently and waiting to get in or back in, do not wait too long. There are things happening soon with QTN that will bring attention to it and we will all be pleased. One of which is really tremendous, not a carrier, but the result of it will be massive, this item is a bit more in the future, but will occur this year. I'm going to see Frank at his office tomorrow for a bit more, the set was shutting down fast and we all had to clear out. Frank was clear on what could not be broadcast and I will not be adding shares to my position and certainly not selling any. QBID IS going up soon, I recommend if your in, hold em tight, it's E ticket ride, it's gonna be fun.
Hmmmmmmmmmmm......
-------------------- "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.
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quote:Originally posted by Bearclaw: A "Letter of Intent"...
This has an agreement between the two parties about the responsibility of each. It lays out who does what. This is wonderful for Q and is the preliminary discussion prior to an agreement or contract.
It is a very standard vehicle used in negotiations. There are expenses in this type of understanding and the letter usually lays those expenses out also.
I'm sure the naysayers will be knocking this. Let them and don't react. This is very simple and direct and from this will come an understanding of the future of both companies. Good stuff...
Its the beginning of a Sweet Relationship with Pridevision. Bring on the bashers
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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Member Rated: posted March 18, 2005 18:41 -------------------------------------------------------------------------------- We will see what news comes to us next week as a follow up to today's announcement . This will be a great marriage, being that the "Pride" and the "Q" are already bed partners
GO QBID!!!!!! Bring On The Green
Ah yes the "gut feeling" has not failed me again
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posted
Biggest news of the year and the board is DEAD!!!!!! Come on people! Wake up!
-------------------- "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.
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posted
its not that big. it is a letter of intent. to share programming at this point.
if it was announced as a letter of intent to aquire, then it would be much bigger.
the problem is they stated they are going to bid to purchase now its only a deal to share programming. when you compare the two statements there seems to be a large difference
now with all that said it has been stated that it is a letter of intent. it could turn into a merger or aquisition.
so when the details come out that is when this will get big.
-------------------- Dont buy or sell on my opinions, do your research. Make sure you know what you are buying before you buy.
This is a non reporting pink sheet with very high risk. From high risk comes high rewards. Dont invest more then you can afford to lose.
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quote:Originally posted by Penny-Trader: its not that big. it is a letter of intent. to share programming at this point.
if it was announced as a letter of intent to aquire, then it would be much bigger.
the problem is they stated they are going to bid to purchase now its only a deal to share programming. when you compare the two statements there seems to be a large difference
now with all that said it has been stated that it is a letter of intent. it could turn into a merger or aquisition.
so when the details come out that is when this will get big.
It proves that they are in communication with each other. I think it's big.
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PRIDEVISION ANNOUNCES EXPANSION AND THE LAUNCH OF A NEW GAY CHANNEL
Subscribers will increase from 20,000 to upwards of 700,000 after April 7th launch
TORONTO, (Canada), March 24, 2005 – Starting April 7th under new ownership, PrideVision will launch a new digital cable channel called OUTtv. On that date, the current premium channel PrideVision will then be known as HARD on PrideVision and will see its hard core gay adult content expanded to 24 hours a day, 7 days a week. OUTtv will not have any hard-core adult programming and will be a 24/7 GLBT (Gay, Lesbian, Bisexual and Transgender) Category 1 lifestyle channel that will be included at no additional cost with other digital channels in bundles or theme packages or separately on an ‘a la carte’ basis. Digital and satellite subscribers should contact their provider for details on exchanging a current channel for, or adding OUTtv to their channel lineup at no extra cost.
OUTtv: So this is where the Q programming is suppose to be going according to the press release, letter of intent.
So after April 07th the "Q" programming will be available to everyone who can get OUTtv (new format for Pridevision.
"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."
GO QBID!!!!!!
Subscribers will increase from 20,000 to upwards of 700,000 after April 7th launch AND we will be seen by all these people. NOW THATS BIG!!!!!
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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quote:Originally posted by Penny-Trader: its not that big. it is a letter of intent. to share programming at this point.
if it was announced as a letter of intent to aquire, then it would be much bigger.
the problem is they stated they are going to bid to purchase now its only a deal to share programming. when you compare the two statements there seems to be a large difference
now with all that said it has been stated that it is a letter of intent. it could turn into a merger or aquisition.
so when the details come out that is when this will get big.
I agree...show how Frank keeps releasing PR's too soon. They should of never release the PR about the BID to buy. He releases PRs and then does not come through fully on them. This just always will come across bad and that is how the market reads Q PRs now. You can not believe them all the way. He release too much too often. He should hold them and wait until there is real substance and worth. The market is showing the faith in the PR today...Like it says it is only a letter of intent. I have had many letter of intent over the years to do buy out, mergers and such with my company. But after all DD is done they fade away. Just as this one could. I would never release a PR about a LOI like this. This should still be in the confidentail stage while the details are finalized if they are ever finalized.
-------------------- If all goes well then great, if not, make it work.
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posted
I remember on the phone conference last year Frank said how he got burned in the past releasing a PR too soon about a cable deal and it ruined the deal. He said he would never do this again....But he has continued to do this time and time again.
-------------------- If all goes well then great, if not, make it work.
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quote:Originally posted by Doctoall: ***OUTtv Launching April 7, 2005***
Subscribers will increase from 20,000 to upwards of 700,000 after April 7th launch AND we will be seen by all these people. NOW THATS BIG!!!!!
Now you do not know this for fact.. They are only working out the details of a LOI...there is no signed aggrement for Pride to broadcast any Q productions at this point.
-------------------- If all goes well then great, if not, make it work.
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posted
Feel better George? Got that all off your chest. Take a deep breath and relax. You're not telling us anything new that hasn't been said before.
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hmm.. i think a pr about LOI is the norm, especially if the company feels that the deal is solid enough to report to investors. anyways, here are some past LOI PRs by bigger companies... some are acquisitions, others are just deals..
first bashers were out here calling frank a liar for even claiming to be negotiating with pv. now that there is a legit pr about pv and qbid's negotiation, they will trounce on something else. neverending.
imo, things are falling into place nicely for this company.
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quote:Originally posted by Sir Loin: Feel better George? Got that all off your chest. Take a deep breath and relax. You're not telling us anything new that hasn't been said before.
You are right...sorry...I am just tired of the same old path...I am over it and busy watching CNES today...good day everyone
-------------------- If all goes well then great, if not, make it work.
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