Q Television Network announces Buyback of Company Stock.PALM SPRINGS, Calif. -- Q Television Network (Pink Sheets: QBID) announced today that with proceeds specifically allocated for production equipment, the company will immediately begin to aggressively buyback QBID stock. "I am committed to running a well-rounded company. One that serves the purpose of the gay and lesbian television community and also keeps investor sentiment high," stated Frank Olsen, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Q Television Network. "This immediate investment in our company will also allow us the resources to purchase even better equipment for the Gay Games The Gay Games is the world's largest sporting and cultural event organized by LGBT athletes, artists, musicians, and others. Originally called the Gay Olympics, ," added Olsen. About Q Television Network This television network was organized to create and develop a network devoted to providing television programming for the gay and lesbian community. 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 will be available on a subscription basis to those desiring its programming. The network will broadcast 24 hours per day, 7 days per week. Providing distribution via satellite ensures availability of the network across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , including Alaska, Hawaii and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . Q Television Network is the Network for the Gay Games IIV IIV Integrated Intensity Value . For further information on programming and subscriptions, please visit www.qtelevision.com. Providing distribution via satellite ensures availability of the network across the United States, including Alaska, Hawaii and Puerto Rico. For further information on programming and subscriptions, please visit www.qtelevision.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such matters involve certain risks and uncertainties that could 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. Press Release Information Source: Q Television Network |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion