The cow is all dried up.
And the thieves will walk away unfettered
...Effective today, all Triangle Multi-Media Limited and QTN officers and board of directors have resigned their positions and have relinquished all responsibilities and affiliations.
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Triangle Multi-Media Limited and Q Television Network Enter Into Agreement to Name New Chairman and CEO
Tuesday March 7, 11:29 am ET
BURBANK, Calif., March 7 /PRNewswire-FirstCall/ -- Triangle Multi-Media Limited (OTC: QBID - News) and Q Television Network [QTN] have announced today that they have entered into a new agreement with Mr. Lloyd Fan. Effective immediately, Lloyd Fan will assume the role of Chairman and CEO of Triangle Multi-Media Limited and Q Television Network. Mr. Fan succeeds QTN founder Frank Olsen. The move is the culmination of Fan's investment interests and the companies' evolving directions.
Effective today, all Triangle Multi-Media Limited and QTN officers and board of directors have resigned their positions and have relinquished all responsibilities and affiliations. Details of the new management infrastructure, with an emphasis on both television and finance industry, will be forthcoming.
The current and moving forward financial obligations of Triangle Multi-Media Limited and QTN are also being vigorously reviewed, and a fresh approach to resolving these situations will be announced in the coming weeks.
"The QTN business model presents a multitude of possibilities, and I look forward to taking outgoing Chairman Frank Olsen's vision to the next level," said Mr. Fan. "I am committed to building an exceptionally strong, experienced management team, fortifying QTN's business partnerships and strengthening the network's commitment to providing high quality, engaging television programming focused on the GLBT community."
Lloyd Fan brings many years of achievement in corporate finance, strategic growth initiatives, OEM manufacturing, international trade and product direct-distribution through his Best Prop Holding Group -- which owns Pat Prod Productions and Patented Product Industries. With a proud and proven track record, Mr. Fan is highly respected in the financial, manufacturing and service sector throughout Asia.
About Q Television Network:
This 24/7, premium television network is organized to create, develop and feature television programming for the gay and lesbian community, including live & interactive content every weeknight, plus sports, information and entertainment. 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 is available on a subscription basis to those desiring to subscribe. The monthly fee varies by region of the country. The network is telecast 24 hours per day, 7 days per week and features a variety of live and original programming. Q Television is available on such blue chip cable systems as Time Warner, Cox communications and RCN, among others, with availability approaching 3 million digital cable households in the U.S. Q Television Network is the official network of Gay Games(r) VII. The network is also ad-supported. 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.
Contacts:
QTN Media Relations
Jim Strzalkowski & Kristien Brada-Thompson
Priority Public Relations
(818) 338-3555
jim@prioritypr.net / kristien@prioritypr.net
QTN Investor Relations
Richard Brown
Equity Relations, Inc
(617) 314-7379
Staff@EquityRelations.com |
