From: E. Taylor | 3/13/2006 6:35:40 PM | | | | Monday, March 13, 2006 Q TELEVISION NETWORK CEO LLOYD FAN APPOINTS CAROL HINNANT TO PRESIDENT AND CONSOLIDATES QTN HEADQUARTERS
Q TELEVISION NETWORK, INC. CEO LLOYD FAN APPOINTS CAROL HINNANT TO PRESIDENT AND CONSOLIDATES QTN HEADQUARTERS
Moves Mark First Steps in Restructuring and Growth of Groundbreaking GLBT Network
Burbank, CA – March 13, 2006 – Standing firm by his pledge to strengthen and maximize the network’s business model, Lloyd Fan has announced his first executive appointment since becoming Chairman and CEO of Triangle Multimedia Limited, Inc and its subsidiary, Q Television Network (QTN) (See OTCBB Other: QBID). He has upped Carol Hinnant—formerly QTN Vice President, Sales & Marketing—to the post of President, a move that will help position the network for long-term viability while nurturing and building on its business and community relationships.
Fan has also announced the closing of Triangle Multimedia Limited Inc.’s former Palm Springs headquarters, which had been maintained as a home base of operations for the network’s previous executive staff. Triangle’s operations have been consolidated, with all business now generated from QTN’s Burbank studio location.
These moves—which come just six days after Triangle announced the resignation of its board of directors—mark Fan’s first steps in his plans to restructure and revitalize Triangle’s subsidiary, QTN, the groundbreaking GLBT network. Since taking over as CEO, he has listened to both members of the GLBT community and the shareholder base, working diligently to analyze both the current organization and begin making necessary changes.
“This is a vital, promising network that has unfortunately experienced some growing pains. In her new role, Carol will be a tremendous benefit to QTN, as she has the background and relationships to help lead us in the right direction,“ said Fan. “However, the restructuring of QTN is a major undertaking, and we have a long way to go. I want to express my gratitude to all employees, vendors and community members for their support while we work through this transitional period.”
Added Hinnant: “I accepted this role knowing we had a lot of work ahead of us. QTN not only has a very loyal audience of viewers but also has many respected partners and affiliates deserving of answers to their questions. It is our goal to deliver transparency to this company and fulfill some of the promises made by former management.”
As QTN’s Vice President of Sales and Marketing, Hinnant played an integral role in building the network’s presence in the cable television marketplace. Hinnant is a 15-year veteran of the cable programming industry, having held senior management positions with HBO, Inc. and Jones Media Network, Inc. (JMN) and Here!, Hinnant began her career as a paralegal at the Houston, Texas based law firm, Hutchison & Grundy and quickly excelled into the management ranks of a public company when joining General Homes Corporation, Inc. as Director of the Legal Department.
About Q Television Network
Q Television Network is a 100% wholly owned subsidiary of Triangle Multi Media. 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.
###
MEDIA CONTACT:
Kristien Brada-Thompson
T: 818-338-3555 x224
Email: kristien@prioritypr.net
Jim Strzalkowski
T: 818-338-3555 x222
Email: jim@prioritypr.net
|
| 1st Gay TV Network to be worth Billion$ per Sumner Redstone | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
From: SKARLOEY | 3/14/2006 12:29:31 AM | | | | Rich735 Member
Member Rated: posted March 13, 2006 21:27 -------------------------------------------------------------------------------- Anyone see this yet? From the investor page!!
3/13/2006 - CEO UPDATE
Letter from the CEO of TMM/QTN
March 13, 2006
To Our Shareholders:
I am pleased to announce that many important changes are beginning to take shape both within our holding company of Triangle Multimedia and our wholly owned subsidiary, QTelevision Network. I will be assigning seats for our board of directors and personally will be interviewing qualified individuals for our executive team. We will be diligent in our search and will not set a specific time frame as to the completion of these important matters because our mission is to seat qualified people within the media, financial and operational fields very carefully. We feel our company is positioned to prosper in the GLBT marketplace and making these changes is the first step.
Our ultimate goal is to become a publicly traded company that holds both the respect of our shareholder base and the financial marketplace in whole. We fully understand the need to supply our current and future investors with the proper resources to make intelligent investment decisions concerning our security. We are working hard to become transparent, thus enabling the investment community to track our growth. These tasks are not without their difficulties, and we intend to keep our shareholder base involved and up to date with any specific changes that will directly affect our security. We feel strongly in our attempt to successfully compete within our market sector and in turn add much needed value to our stock.
Our existing team of employees has endured quite a bit and I must applaud the resilience our staff has shown. They believe, as I do, that this company has a bright future and with hard work, honesty and the loyal support of our investor base, we can continue to be a company we are proud of.
I will be supplying our investor relations team with information shortly and any questions that can publicly be answered will be done through Richard Brown.
We appreciate your continued patience and confidence.
Sincerely,
Lloyd Fan |
| 1st Gay TV Network to be worth Billion$ per Sumner Redstone | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
From: E. Taylor | 3/27/2006 5:33:09 PM | | | | Friday, March 24, 2006 TRIANGLE MULTI-MEDIA LIMITED INC. RELEASES Q TELEVISION NETWORK FINANCIAL STATEMENTS
TRIANGLE MULTI-MEDIA LIMITED INC. RELEASES Q TELEVISION NETWORK FINANCIAL STATEMENTS
BURBANK, CA - March 23, 2006 - Triangle Multi-Media Limited Inc. (See OTCBB Other: QBID) has announced today the release of financial statements for its wholly owned subsidiary, Q Television Network, Inc. (QTN). The information which will be available on the Network's website (here) covers all activities since QTN's inception through December 31, 2005. This highly anticipated release comes on the heels of the new CEO Lloyd Fan assuming total control of Triangle Multi-Media and QTN.
"We have a commitment to our shareholders to provide them with as much fundamental data as possible, and the QTN statement was long overdue," said Lloyd Fan, CEO of Triangle Multi-Media and the Q Television Network. "In the two weeks that I have been in control, I have spent the majority of my time devoted to the financial records in order to provide the shareholder base the information it has been demanding. We are also currently working on the Triangle Multi-Media financial statement and hope to release that to the public very soon."
Fan has also confirmed that previous executive management has resigned all of its fiduciary and executive interest in Triangle and QTN, as well as its 53% majority ownership of QBID.
About Q Television Network:
Q Television Network is a 100% wholly owned subsidiary of Triangle Multi Media. 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 Investor Relations Richard Brown Equity Relations, Inc (617) 314-7379 Staff@EquityRelations.com |
| 1st Gay TV Network to be worth Billion$ per Sumner Redstone | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
From: E. Taylor | 3/28/2006 3:57:54 PM | | | | Talk TV Veteran to Offer Studio a Wealth of Programming/Production Experience Coupled by Strong GLBT Industry Ties
BURBANK, Calif., March 28 /PRNewswire-FirstCall/ -- Q Television Network, Inc. (QTN) -- a wholly owned subsidiary of Triangle Multi-Media Limited Inc.
(OTC: QBID) -- as made another move in its continuing efforts to rebuild the Network's management and creative restructure. President Carol Hinnant announced today that seasoned television producer Frank Hagan has been hired as QTN's new General Manager and Programming Director.
"Drawing from his many years working in live talk television, Frank Hagan will be an incredible asset to our executive team," Hinnant said. "I look forward to his leadership at the studio, and I am certain that his expertise will bring the right ingredients to QTN's programming formula."
Hagan's extensive television background includes over two decades in the world of live talk show programming. As a producer, his credit list reads like a "who's who" of talk hosts, with such greats as Joan Lunden, Oprah, Phil Donohue, Danny Bonaduce and Morton Downey Jr., among others. Hagan was also instrumental in launching talk show pilots for such media houses as Tribune, NBC, Group W and Universal. Outside the talk show realm, Hagan has developed and produced reality programs, game shows and scripted series. He is represented by the Broder Webb Agency.
As a long standing member of the gay community in New York and Los Angeles, Hagan has also been active in numerous facets of gay activism and media, having served GLBT organizations from the local grassroots level all the way to the White House. He served as one of the Communications and Media Relations staff members and an Advance Person for the Presidential Commission on the HIV Epidemic in 1987 and 1988.
About Q Television Network: Q Television Network is a 100% wholly owned subsidiary of Triangle Multi Media. 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 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 Kristien Brada-Thompson Priority Public Relations (818) 338-3555 kristien@prioritypr.net
QTN Investor Relations Richard Brown Equity Relations, Inc (617) 314-7379 Staff@EquityRelations.com
SOURCE Q Television Network, Inc. Web Site: qtelevision.com |
| 1st Gay TV Network to be worth Billion$ per Sumner Redstone | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
From: E. Taylor | 5/7/2006 1:10:49 AM | | | | 05/06/06-05/08/06
QTV: "We're restructuring"
Q Television chairman Lloyd Fan says the gay cable channel is in the middle of restructuring and expects to resume production soon. On Wednesday, QTN shut down its Burbank, Calif., studios and sent out an e-mail terminating all its employees after it was unable to meet its payroll. But Friday afternoon, Fan told Sirius OutQ Radio that the termination message was just a "standard type of form" that gets sent out in such situations. Fan said he couldn't comment in detail because of "delicate" negotiations that are under way but that the company is "still moving forward with a restructuring" and that he expects the network to resume operations. QTN is still continuing to transmit prerecorded programming to cable systems around the country through hired master control facilities in Texas. Fan took over the company two months ago after QTN founder Frank Olsen departed in a management shakeup. (Sirius OutQ Radio) |
| 1st Gay TV Network to be worth Billion$ per Sumner Redstone | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
From: E. Taylor | 5/28/2006 2:38:14 PM | | | | Goes Dark May 27, 2006
Q Television goes dark after failing to secure new funding The gay cable channel Q Television has finally gone dark, after the network turned off the repeats it had been running from a hired master control in Texas on Thursday.
The gay cable channel Q Television has finally gone dark, after the network turned off the repeats it had been running from a hired master control in Texas on Thursday. The channel laid off its staff and halted all live programming two weeks ago.
QTN chairman Lloyd Fan blamed the shutdown on the company's inability to secure new funding. An East Asian entrepreneur, Fan took over the company in March, after founder Frank Olsen was pushed out in a management shakeup.
In the statement issued Thursday, Fan said that at the time he took over, the company owed $600,000 to former employees and some $7 million to its vendors. But in Fan's words, "Given the GLBT demographic and the success the network had experienced in distribution, I thought securing funding would be easy—I was wrong."
Fan apologized to those who "have suffered because of their affiliation with Q Television Network." He promised full forensic accounting and bankruptcy proceedings but offered no details.
At its peak, QTN reached about 3 million U.S. homes. (Sirius OutQ News) |
| 1st Gay TV Network to be worth Billion$ per Sumner Redstone | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
From: E. Taylor | 8/22/2006 10:02:27 AM | | | | Anyone have any information on the following? Is this hope or hype?:
Triangle Multi-Media Limited, Inc. and Q Television Network, Inc. Make Two Major Announcements WOODLAND HILLS, CA -- (MARKET WIRE) -- 08/21/2006 -- Triangle Multi-Media Limited, Inc. ("TMM") (PINKSHEETS: QBID)
1) Triangle Multi-Media Limited, Inc. and Q Television Network, Inc. CEO, Chairman and majority shareholder Lloyd Fan appoints Anthony (Tony) J. Gouveia as a consultant to develop and execute a business plan that addresses the concerns of shareholders, creditors and employees.
2) Triangle Multi-Media Limited, Inc. and Q Television Network, Inc. announces sale of Triangle Multi-Media Limited, Inc. and plans for Q Television Network, Inc.
In May of 2006, Q Television Network, Inc. ("QTN"), a wholly-owned subsidiary of Triangle Multi-Media Limited, Inc. ("TMM") (PINKSHEETS: QBID), ceased operations due to the inability to secure additional financing to cover the financial obligations of QTN. Chairman and CEO Lloyd Fan has worked diligently since March 7, 2006, the date of his appointment as Chairman and CEO, to develop and implement a business plan to save the network. "When I took over control of the network, the company was roughly $7 million behind in payments to vendors; numerous lawsuits had been filed against the company and over $600,000 was owed to former employees. The financial challenges that the network faced proved too difficult and I was simply unable to turn around the network. I am deeply disappointed as many talented people devoted themselves to saving it. "I would like to again thank the cable affiliates, our uplink provider, all the vendors and the staff that supported my takeover. I had hoped to make good on all the debts incurred and owed by the former management team and truly thought that with the new team and proper funding, QTN could have succeeded. My sincere apologies to all the individuals and businesses who have suffered because of their affiliation with QTN.
"Even though we ceased operation as a network, I wanted to find a way to help shareholders, creditors and employees recover some of their investment in QTN. I have never experienced a business failure in my career and I want to do everything possible to help everyone that believed in QTN, and who invested their time, energies and resources as shareholders, creditors and employees. For this reason, I appointed Anthony (Tony) J. Gouveia as a consultant in July 2006 to help me restructure TMM/QTN. Mr. Gouveia's financial expertise, experience, impressive communication skills and understanding of the tools necessary to manage complex transactions will be invaluable. His extensive accounting background, his experience as a dynamic senior financial executive and his unquestionable character and integrity as a CPA for 20 years make him the ideal person to manage this process. Mr.Gouveia has held various positions in public and privately held companies as CFO, Vice President of Finance and Corporate Controller. He spent several years as an auditor for large international accounting firms. Tony has my full support. I will remain involved in all business decisions with Tony's assistance. I want to thank Tony for taking on this difficult task."
Mr.Gouveia responded, "I'm very impressed with Mr. Fan's commitment as CEO and Chairman. He took over at a difficult time when things were totally hopeless. He has committed a significant amount of his time and resources to try to save this network. I admire and respect what he tried to do, and I know there are many others who feel the same way.
"I have been assisting Mr. Fan with his Taiwan-based company, QTN Asia, in which I own an interest. This is a new marketing and distribution company of high end consumer products. This company will provide an innovative sales and distribution channel for consumer products to the United States. We will offer the highest quality products at a significant discount directly to the consumer. This is a complete overhaul of the current business model every retailer, wholesaler and importer is using today. We are currently working on obtaining the necessary financing to launch this company. Mr. Fan is a very creative and innovative businessman who believes strongly in always conducting himself with integrity and that convinced me to work with Mr. Fan on this mission."
Mr. Fan added, "My dream is to consolidate the GLBT community strength and buying power, to use part of the proceeds to support local community events and to communicate an agenda to educate others to spread peace, love and equal rights.
"The unfair treatment to the vendors, shareholders and QTN employees was painful for me to bear, and thanks to the thousands of supporters and community leaders whom have rallied behind me, I'm able to find the strength to move forward and to find the best solution for all of us."
Mr. Gouveia added, "I have had no previous involvement with TMM, QTN or any other company associated with TMM or QTN. At no time was I a shareholder, creditor, employee or consultant prior to July 2006. Furthermore, I have had no personal relationships with anyone associated with TMM, QTN or any other company connected with TMM or QTN, except Lloyd Fan. I was introduced to Mr. Fan in May 2006 as a consultant who might be able to assist him in this process.
"It is very disturbing to hear some of the circumstances surrounding what happened at TMM and QTN prior to Lloyd's appointment as CEO and Chairman. We will consider all possible actions going forward to determine what went wrong, which could include a forensic accounting of all the various transactions that we believe require further investigation."
Triangle Multi-Media Limited, Inc. and Q Television Network, Inc. announces sale of Triangle Multi-Media Limited, Inc. and plans for Q Television Network, Inc.
Mr. Gouveia stated, "We are very pleased to announce the proposed sale of TMM to Cinemax Pictures and Production Company International, Inc. (Canada) ('Cinemax Pictures'), pending completion of due diligence and shareholder approval. Cinemax Pictures is not affiliated with Time Warner Entertainment. The sale of TMM will be an all-stock deal. TMM shareholders will receive 20% of Cinemax Pictures on a 'Pro-Rata' basis.
"Cinemax Pictures is a production company that has three distinct lines of business. First, Cinemax Pictures owns a reality television show that will be shown to 18 television networks. Cinemax Pictures expects to get this syndicated and to start generating revenue. The reality show is called 'Three Patriots and a Wagon.' It is a comedy drama that explores the relationship between a Native Indian and a 'Pale-Face' who has an intricate knowledge of law. Second, Cinemax Pictures owns six movies that are in different stages of production. Cinemax Pictures considers these movies to be blockbusters, not only because of the actors and actresses that have signed on, but because of the scripts that have been reviewed. The movies range from comedies to action-thrillers. Finally, due to Cinemax Pictures relationships and contacts throughout the industry, Cinemax Pictures has the opportunity to provide bridge-financing (or 'gap-funding' as it is referred to in the industry) to movies that go over their production budget. Cinemax Pictures will take a large percentage of the rights to the movies and will receive a return-on-investment once the movie has completed production and is sold to a distributor.
"Cinemax Pictures is committed to its new shareholders and it is interviewing a number of investor relation firms to keep the shareholders abreast of all the new developments. Cinemax Pictures' website is presently under construction, but it is expected to be revamped within the next month.
"Mr. Fan and I are both committed to supporting Cinemax Pictures. After the sale is completed, I will be a Director."
Mr. Gouveia added, "Mr. Fan and I are currently reviewing what will be the disposition of QTN. We will communicate our intentions when this process is finalized. The possible solutions under consideration are to sell QTN or to reacquire assets that may legally belong to QTN in order to pay off creditors and employees. We will consult with our attorneys on the proper method of accomplishing the above.
"We have negotiated a deal with the Obion Group. They are in the process of purchasing a shell company to reverse merge with. This will be a publicly traded holding company. This company will focus on a number of different fast food restaurant chains with products ranging from: Chicago Style Hot Dogs, Fish & Chips, Pizza, BBQ, Hamburgers, Spuds, Gyros, Hot Wings, Oriental, Tex-Mex, Vegetarian, Salads, and Diabetic eateries. The first of these fast food restaurant chains is Chicago Style Hot Dogs (a Nevada Corporation) which is being test marketed in Texas with two operating establishments. Furthermore, the Obion Group owns an interest in a virtual reality technology company and will explore opportunities in the resorts/destination industry. The Obion Group will set aside 25 billion of its authorized shares for the TMM shareholders. There will be a distribution of these shares on a 'Pro-Rata' basis at no cost to the TMM shareholders once the Obion Group is approved for public trading.
"The purpose of the distribution to TMM shareholders is to assist shareholders in recouping some of their losses. There is no requirement to invest in the Obion Group.
"Mr. Fan and I will be Directors and we will have an ownership interest in the Obion Group and all related businesses.
"Mr. Fan and I have formed a recovery team for two reasons: (1) to determine if there are assets that can be reacquired that rightfully belong to QTN, which may include a forensic accounting of all pertinent records associated with these assets; and (2) provide shareholders other opportunities to recover their investment. The cash value of all assets that may be acquired, less administrative costs and fees, will be used to pay-off creditors and employees. We will set up a website that will periodically be updated to provide all concerned with the status on our progress. This website will also be a vehicle for communicating information to us that might be used to assist us in this process."
Mr. Fan stated, "I'm very excited about what Tony has been able to accomplish. Tony did an outstanding job and exceeded my expectations. Everyone involved with these transactions was impressed with his significant skills and experience. He worked 24/7 to make this happen as quickly as possible. I fully support and approve of everything that he was able to accomplish."
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "anticipated," or "may," and similar conditional expressions, are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the company's industry and general economy; competitive factors; ability to attract and retain personnel; and the price of the company's stock. Triangle Multi-Media, Q Television Network, Cinemax Pictures and the Obion Group take no obligation to update or correct forward-looking statements and also take no obligation to update or correct information prepared by third parties that is not paid for by the companies.
--------------------------------------------------------------
Investor Relations: Website: www.cinemaxpictures.com
|
| 1st Gay TV Network to be worth Billion$ per Sumner Redstone | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| |