Communications and media holding company Kaleidoscope Venture Capital has created and is developing KaleidoscopeIPTV.com to index and make available free entertainment content online. Kaleidoscope expects to formally launch the site during the current quarter.
Kaleidoscope Venture Capital Inc. (“Kaleidoscope” or the “Company”) (PINKSHEETS: KLDO), today announces that it has created, and is currently developing, KaleidoscopeIPTV.com to index and make available free entertainment content online. Internet Protocol television is growing quickly along with the trend of consumers streaming movies to their laptops and mobile devices. Kaleidoscope commenced this project in order to provide their clients and consumers with a simple-to-navigate library of commercial-free and cost-free content that can be viewed anywhere. At no cost to the viewer and with no time wasted watching commercials or other advertising content, anyone can visit kaleidoscopeiptv.com and instantly start viewing full movies, television shows and full-length concerts. Once completed, Kaleidoscopeiptv.com will also provide trailers, performer bios, password options for PG and R-rated content and options to view other content not available on kaleidoscopeiptv.com with commercials. Kaleidoscope expects to formally launch the site during the current quarter.
Eric Luttio, CEO of Kaleidoscope, commented, “We are excited to provide valuable media content to viewers that we expect will increase traffic to, and strengthen, our integrated kiosk, marketing and social media solutions.”
Kaleidoscope also announced the termination of its acquisition agreement with QED Connect, Inc. (“QED”), under which QED was to purchase 75% of Kaleidoscope in exchange for $750,000.00 in financing. QED had announced its entry into the agreement in October 2011.
About KLDO: Kaleidoscope Venture Capital Inc., a Nevada corporation, is a multi-tiered communications and media holding company, currently focused on the acquisition of, or partnership with, regional communications and media companies providing services including strategically placed, touch-screen kiosks integrated with social networking and complimentary media services.
Media services by: Penny Stocks Digest
Safe Harbor Statement
This Press Release contains forward-looking statements identified as such because the context of the statement includes the words such as Kaleidoscope “expects,” “should,” “believes,” “anticipates” or words of similar import. Forward-looking statements are subject to certain risks and uncertainties including the financial performance of Kaleidoscope, which could cause actual results, performance or achievements of Kaleidoscope to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
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