Maklyn Venture Capital Corp.

QuStream Corporation

QuStream Corporation

March 22, 2005 12:18 ET

Maklyn Venture Capital Corp.: QuStream Corporation Subsidiary, PESA Appoints Sobey Digital Technology Company for Representation in China


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MAKLYN VENTURE CAPITAL CORP.

TSX VENTURE SYMBOL: MAK.P

AND QUSTREAM CORPORATION

MARCH 22, 2005 - 12:18 ET

Maklyn Venture Capital Corp.: QuStream Corporation
Subsidiary, PESA Appoints Sobey Digital Technology
Company for Representation in China

TORONTO, ONTARIO--(CCNMatthews - March 22, 2005) - Maklyn Venture
Capital Corp. ("Maklyn") (TSX VENTURE:MAK.P) and QuStream Corporation
("QuStream") are pleased to announce that PESA Switching Systems, Inc.
("PESA"), a wholly-owned subsidiary of QuStream, has selected China's
Sobey Digital Technology Co. Ltd. ("Sobey") to sell PESA's entire
product line of digital video and audio equipment in the Chinese market.
Sobey is a leading developer, manufacturer, and system integrator of
non-linear editing and media asset management systems, as well as a
distributor of professional multimedia equipment in China. Sobey's
broadcast software is in use at 360 television stations, including a
24-channel STV system established for national broadcaster CCTV.

"PESA products offer good performance in broadcast applications with the
functionality our clients require and an intuitive control scheme that
simplifies use and configuration," said Chen Jinsu, Vice-President at
Sobey. "We also have found PESA switching systems to provide a
competitive advantage not only with regard to quality, but also in terms
of price. We are very pleased to be representing PESA in China, and we
are confident that this relationship will help both companies extend
their reach within the quickly growing Chinese broadcast market."

Sobey's sales infrastructure includes six branches, 28 offices, and a
sales and support staff team comprising more than 150 staff. Sobey's
network systems have been installed in TV stations of all sizes
throughout the country, including major facilities such as CCTV, Beijing
TV, Shanghai TV, Guangdong TV, Shenzhen TV, and Liaoning TV. The 2004
launch of a six-channel playout system for Wuhan TV also established
Sobey as a premier systems integrator within this market.

"Sobey has had a very successful history of providing first-rate
broadcast solutions to clients across China, and we're excited that the
complete PESA line is now part of this product offering," said Bob
McAlpine, Senior Vice-President, Sales and Marketing for PESA." He
confirmed this is an important step toward even greater adoption of PESA
products worldwide."

Learn more about PESA's complete line of products at www.pesa.com.

As previously announced, Maklyn and QuStream have entered into a
non-arm's length formal amalgamation agreement, pursuant to which Maklyn
and QuStream have agreed to amalgamate (the "Amalgamation") to form a
new company to be called QuStream Corporation.

The completion of the Amalgamation is subject to the approval of TSX
Venture and all other necessary regulatory approval, including from the
Autorite des marches financiers (Quebec). The completion of the
Amalgamation is also subject to additional conditions precedent,
including shareholder approval of Maklyn under applicable corporate law,
shareholder approval of QuStream under applicable corporate law,
satisfactory completion by due diligence reviews by the parties, the
entering into of employment agreements and non-competition agreements
with certain key personnel of QuStream, and certain other conditions.

About Sobey

Sobey Digital Technology Co. Ltd. is one of the largest professional
multimedia equipment manufacturers in China. Sobey's businesses include
research and development, manufacturing, and distributing. For more
information visit www.sobey.com.

About PESA

Located in Melville, N.Y., and Huntsville, Ala., PESA is a leading
manufacturer of high-quality analog and digital video and audio routing
switchers and control systems for the broadcasting, mobile production,
post-production, corporate, educational, cable, religious, industrial,
and government markets. For more information visit PESA at www.pesa.com.

About QuStream

QuStream is a global provider of creative, reliable, high-quality, cost
effective, durable equipment to the creators and distributors of
professional video content. QuStream is headquartered in Toronto, Canada
with offices in New York and Alabama.

All products mentioned herein are trademarked property of their
respective owners.

As indicated above, completion of the Amalgamation is subject to a
number of conditions, including but not limited to, TSX Venture
acceptance and shareholder approval. The Amalgamation cannot close until
the required approvals are obtained. There can be no assurance that the
Amalgamation will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Information
Circular of Maklyn to be prepared in connection with the Amalgamation,
any information released or received with respect to the Amalgamation
may not be accurate or complete and should not be relied upon. Trading
in the securities of Maklyn should be considered highly speculative.

(Not for dissemination in the United States of America)

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Wall Street Communications
    Chris Lesieutre
    Media Contact
    (503) 538-6072
    Email:cles@wallstreetcom.tv
    or
    QuStream
    Paul Haber
    Vice-President & Chief Financial Officer
    (416) 382-2323 extension 201
    Email: phaber@qustream.com
    or
    Maklyn Venture Capital Corp.
    Howard G. Sutton
    President
    (416) 368-1024
    The TSX Venture Exchange Inc. has in no way passed upon the merits of
    the Amalgamation and has neither approved nor disapproved the contents
    of this press release.