QED Connect, Inc. Signs Agreement to Acquire 75% of Kaleidoscope Venture Capital

QED Connect, Inc. today announced that it has entered into an agreement to acquire 75% of Kaleidoscope Venture Capital, Inc.(OTC: KLDO.PK). Kaleidoscope's satellite communication division, Kaleidoscope-TV, delivers DIRECTV programming through its proprietary roof top central dish system.

Kaleidoscope-TV research distributes multiple DIRECTV satellite signals to clients on a single wire when coupled with DIRECTV-developed innovation. The central dish system allows for a single compact dish antenna assembly to serve all the units in an entire building complex. This eliminates the need for each apartment/condominium in the building to have individual DIRECTV satellites dishes each requiring a direct line of sight to the DIRECTV signal, and for additional coaxial cables running throughout the building. The central dish system offers the least costly and more aesthetically pleasing solution at that time currently available to bring direct broadcast satellite to multi-family residential properties or as multi-dwelling units. The research is as well optimized to provide state-of-the-art high-speed Internet and Voice Over Internet Protocol telephone products to DIRECTV Service Operators and clients.

Eric Luttio, President and CEO of Kaleidoscope, commented, "Joining the QED Connect organization will give us greater resources to implement our roll out of the central dish rooftop innovation and Kaleidoscope Digital Media Systems. As a result, we believe that we can achieve sales of $35 million over the then and there three years."

Tom Makmann, President and CEO of QED Connect, added, "The acquisition of Kaleidoscope validates how we are focused on executing our plan of seeking acquisitions and joint ventures with promising companies. Kaleidoscope-TV's innovation offers a cost-effective solution to cable and we are expecting Kaleidoscope to contribute to QED Connect's income in 2012. We will continue to look for additional companies to add to our portfolio over the then few months."

QED Connect, Inc. makes acquisitions, investments, and enters into strategic business partnerships with businesses that have strong potential. We seek joint ventures and strategic alliances in which we can assist our partners in achieving their plans and realizing their maximum potential. QED Connect's current investments and joint ventures include:

Result of its continued success in the mergers

As a result of its continued success in the mergers and acquisitions arena, QED Connect is considering becoming a "business development company" as defined in accordance with the Investment Company Act of 1940.