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Microcap & Penny Stocks
1st Gay TV Network to be worth Billion$ per Sumner Redstone
An SI Board Since December 2004
Posts SubjectMarks Bans Symbol
1031 6 0 QBID
Emcee:  SKARLOEY Type:  Moderated
QTN - Ticker Symbol QBID - Trading on Pink Sheets

qtelevision.com
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Board pushed at gay TV channel
Larry Buhl, GAY.COM/PlanetOut Network
Thursday 9 March, 2006 11:26 | More from this date | Today's headlines

After gay TV stations folded in the UK and other European countries, the problems for American channel Q Television Network continue to grow.

Less than a month after laying off most of its staff, the financially troubled QTN, one of three television networks in the United States with primarily lesbian and gay content, has ousted its top management in hope of pulling itself back into the black.

The company reported on Tuesday that investor Lloyd Fan, who was recently brought in as president, would replace company founder Frank Olsen as chairman and CEO of QTN and parent Triangle Multi-Media. In addition, Fan has replaced the board and top management, including Olsen and other top executives.

"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," said a prepared statement from Q. "Details of the new management infrastructure, with an emphasis on both television and finance industry, will be forthcoming."

QTN is available to 3 million cable subscribers in several cities, but is still not available in many major markets.

The company came under fire last month for laying off the majority of its staff while owing them a month's pay, leading to speculation that the company would go under. At that time, a spokesman for the network told GAY.com that Q would stay afloat and that the new management structure would ultimately succeed.

"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," Fan said in a prepared statement.

Lloyd Fan runs Best Prop Holding Group and has a long career in corporate finance, manufacturing, international trade and patenting throughout Asia, according to a company press release. However, he has no experience in television or entertainment.

QTN executives refused to comment for this story.

However, laid-off employees -- who have still not been paid for the month of January -- have a lot to say.

Vanessa Mayer, a graphics generator who was laid off February 1st, lays the blame for the company's hard times on Olsen's management skills. "The only reason the changes are happening is that Q needed money and nobody would give them money with Frank (Olsen) as the head of the company," she told GAY.com.

"It's funny that they say Q's new emphasis will be on television and finance," Mayer said. "They're a television network. What was their emphasis before?"

Jane Bloom, a production coordinator, told GAY.com that even though they are waiting to be paid for the entire month of January, she and most of the former staffers have moved on.

"I think it's not a question of getting hired back, but a matter of when we get the money they owe us," she said. Bloom ended up taking a survival job at a health club while looking for television production work.

Less than 10 out of more than 100 laid-off staffers have been asked back to the network, and only as independent contractors at less than their previous wages.

Both Mayer and Bloom say the consensus among the still-close staffers is that nothing Q Television could do at this point would undo the damage to its reputation.

"Nobody with any TV experience is going anywhere near Q to look for a job," Mayer said. Bloom concurred: "Almost everyone I've interviewed with say they heard about what happened at Q and that it's very screwed up."


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Check out the web site!!!

CC on 10/19/05 - Frank said NYC will be added very soon,,and Lincoln Neb., plus San Diego and Eureka CA... Still on track for 150 areas nation wide before June 06!!!

CHICAGO starts October 17 on RCN!!!

ROCHESTER, NY AND SYRACUSE, NY START OCTOBER 1, 2005!!!

No TV Networks trade under $1.00,, QBID as of 12-14-2004 @ .0054

More Carriers will be announced soon...Currently,,cox cable,,rcn,,time warner!!!

This network is available as a paid monthly subscription,, no forcing it on anyone!!! Very Family oriented!!!
The only untapped Demographic Target Market in U.S. and they have a combined yearly spending of 1/2 Trillion Dollar$$$ Investors are pouring into this company,,anticipating it will rise to $1.00!!!

Frank Olsen has stated in writing many times he will not RS this stock as long as he is with the company!!! Not many CEOs would say this,, but Frank is committed to see his "baby" take off and fly!!!

QBID, via its wholly owned subsidiary "The Q Television Network (QTN)," IS the first U.S. broadcaster of 24/7, family oriented TV programming tailored for the Gay, Lesbian, Bisexual, and Transgendered (GLBT) Communities!

Frank Olsen is President/CEO of Q Television Network, a subsidiary of Triangle Multi-Media Limited, Inc.. Mr. Olsen has been in the broadcasting industry for over 35 years and has helped shape minority programming. He created Q Television Network to provide quality programming for and about the gay, lesbian, bisexual and transgender communities around the world. Mr. Olsen previously launched the first radio station focused on African Americans and their culture in Seattle. He entered the television arena with a four-hour home shopping program which was the forerunner of the current home shopping channels. He was president of The Hospitality Movie Channel which he sold that business to Showtime/Viacom. In addition to his broadcasting ventures, Mr. Olsen has also worked in the LGBT communities, starting 17 clubs centered on LGBT entertainment. His wealth of experience in broadcasting and business, combined with his creativity, has helped him bring Q Television Network to a national audience and create the premiere LGBT television network of his dreams."
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9/15/2005 - For Shareholders (Updated)

Dear Shareholders,

Thank you for your letters. I’m aware of your concerns regarding our current share price and I would not say the drop in stock is entirely due to market manipulation, but we have seen certain instances where market makers will sit on the ask absorbing many shares and our investigation in attempting to uncover where that inventory is coming from. I also think some of the drop is a result of lack of awareness and education as to what Q Television Network is really doing.

One year ago, Triangle Multi Media was a shell with great plans and approximately 91/2 billion shares outstanding. With restricted shares committed against the Gay Games, films, contracts, stock bonuses, etc. the outstanding shares are now 19.5 billion, but only 14 billion are actually in the float as the rest are long-term restricted shares. This has allowed us to buy production studios in Burbank, California worth $25 million, a film library worth $2 billion - I’m aware it’s difficult to wrap your arms around a figure that high for our library, but the value of a library is for an indefinite amount of time and is calculated by monthly rental revenue and the high turnover each movie gets from different networks leasing them out. An easy example of this would be one of our many thousand of movies will be leased out for roughly $25,000 dollars and can be viewed 17 times. Now, our library has over 2000 films that again, will continuously generate these dollar amounts for many, many years. It has allowed us to do 1,000 hours of original programming which bring in $400,000 per year over the next 10 years and has bought us the rights to the Gay Games. Further, it has put us on RCN, Time Warner and Cox Cable.

We are currently attempting to buy a teleport which will bring in $300,000 to $400,000 per month forever. This will produce a company powerful enough to compete with major networks and only increase your value in QBID.

So, ultimately, we are going to be a teleport, a production company, a gay television network and voice for the GLBT community – and more. I believe that as we continue to announce what we are doing, the stock will go up. We currently have an appraised market cap of $150-$200 million and we are trading way below that cap, we have recently been offered a nine digit figure for our company and tangible assets of over $1,000,100,000. This is not bad for a company that started with nothing.

It is my intention to put all of this information on a DVD that will be available in the near future. I believe that education and information about Q Television Network’s activities and progress will be key in helping to raise the stock price and increase overall awareness of Q Television Network.

I understand as a shareholder that the growth phase of a company can be difficult, but numbers do not lie and we are building a company that will have a street value of more than a billion dollars. We appreciate and would never take for granted our shareholders who have helped us get here, but what everyone needs to understand is we are growing and all the dollars, stock, etc. put into the company is being done strictly with the growth of the company and success of the shareholders in mind.

We will begin very shortly with a new page on the website outlining our financials, specific breakdowns of deals we have put into place and all necessary information the shareholders should view. This will outline our accomplishments and will aide you in mapping our future plans of becoming the most powerful GLBT network in the world.

Sincerely,
Frank Olsen
CEO, Q Television Network
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Go to reply# or date (mm/dd/yy):
ReplyMessage PreviewFromRecsPosted
1031Hey Every body..!! Can any one tell me if QBID is out of business and no luck aCharlie Quidley-9/19/2007
1030obiongroup.comJustBrowsing-9/7/2006
1029cinemaxpictures.comJustBrowsing-9/7/2006
1028Round 2. ding ding. I hope they do revive this and it does good. I won't buyJustBrowsing-8/24/2006
1027Anyone have any information on the following? Is this hope or hype?: Triangle ME. Taylor-8/22/2006
1026So.. what now?JustBrowsing-7/14/2006
1025Goes Dark May 27, 2006 Q Television goes dark after failing to secure new fundE. Taylor-5/28/2006
102405/06/06-05/08/06 QTV: "We're restructuring" Q Television chaiE. Taylor-5/7/2006
1023What other boards?ChuckieWuckie-4/2/2006
1022This one been getting a lot of hype and i can see by visiting the other boards ,wiseman68-4/1/2006
1021Talk TV Veteran to Offer Studio a Wealth of Programming/Production Experience E. Taylor-3/28/2006
1020Friday, March 24, 2006 TRIANGLE MULTI-MEDIA LIMITED INC. RELEASES Q TELEVISION NE. Taylor-3/27/2006
1019Rich735 Member Member Rated: posted March 13, 2006 21:27 SKARLOEY-3/14/2006
1018Monday, March 13, 2006 Q TELEVISION NETWORK CEO LLOYD FAN APPOINTS CAROL HINNANTE. Taylor-3/13/2006
1017frank created a good thing but his personal problems over came him,,he leaves inSKARLOEY-3/10/2006
1016Triangle Multi-Media Limited and Q Television Network Enter Into Agreement to NaE. Taylor-3/8/2006
1015Frank's out - expect a reverse split now.Patricia Meaney-3/7/2006
1014FYI I received a reply to an email I sent to Richard Brown early today inquirinE. Taylor-2/15/2006
1013fwiw...certainly we have hit a new low in morale today...time will tell now,,fouSKARLOEY-2/8/2006
1012Bravo readies gay-themed broadband network Tue Feb 7, 2006 5:34 AM ET By Carly E. Taylor-2/7/2006
1011advocate.com time will tell,,too much gossip,,no way to know anything unless itSKARLOEY-2/7/2006
1010Mr. Brown kept his word, I received my Triangle Multimedia ”Investor Reel 2006” E. Taylor-2/3/2006
1009Posted by: YearOfTheDog In reply to: None Date:2/2/2006 11:03:00 PM Post #of 216SKARLOEY-2/3/2006
1008Posted by: skunksyard In reply to: dkgross who wrote msg# 216513 Date:2/2/2006 9SKARLOEY-2/2/2006
1007broadcastingcable.comSKARLOEY-2/2/2006
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