CORRECTING and REPLACING Wall Street Tunes into Q Television Network; Successful Industry Launch Generates Interest from Carriers, Advertisers and Investment Leaders

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Dateline of release should read: PALM SPRINGS, Calif. (sted PALM SPRINGS, Fla.).

The corrected release reads:


Q Television Network (Pink Sheets: QBID) announces details surrounding the results of its industry launch, which began June 1.

Within the first day of the network's availability on Intelsat America's 7, 129 degrees West, Channel 1, Q Television received considerable response from potential carriers and advertisers seeking more information regarding the network and its anticipated public launch.

As a result, network executives will travel to New York City June 6 - 11 to meet with private equity funds, hedge funds and securities dealers. All of these firms have indicated a strong interest in the upcoming launch and the opportunity for equity participation.

In addition, the executives also have appointments scheduled with cable companies and advertisers to present the current direction of Q Television Network.

"We anticipated that the soft launch would generate lots of inquiries regarding the availability of Q Television for carriage and advertising," notes president Frank Olsen. "Yet we were amazed how quickly everything has moved forward within the past 24 hours."

The network expects to announce major contracts within the coming weeks.

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, including Alaska, Hawaii and Puerto Rico.

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.

For more information regarding carriage and advertising opportunities, contact the network at 760-323-4455.


Deveney Communications

Kendra Van Nostran, 888-810-4212

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James Koch