Triangle Multi-Media Limited and Q Television Network Enter Into Agreement to Name New Chairman and CEO
All PRNewswire NewsBURBANK, Calif., March 7
-- Triangle Multi-Media Limited (OTC: QBID) 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. |