SOURCE: Kaleidoscope Venture Capital Inc.

January 25, 2012 10:29 ET

Kaleidoscope Digital Media Systems, DBA of Kaleidoscope Venture Capital Inc., Announces the Creation of Kaleidoscope Internet Protocol (IP) TV Entertainment Channel

SEATTLE, WA--(Marketwire - Jan 25, 2012) - 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.

This Press Release does not constitute or form any part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment therefore. "Forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are predictions and may differ materially from actual future events or results. Kaleidoscope disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Kaleidoscope identifies for the readers' consideration important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with our ability to: (i) generate revenues and gain profitability, (ii) obtain financing necessary to complete the acquisition of its current and future acquisition transaction and to meet and restructure its current liabilities and long term debt obligations, (iii) collect payables, (iv) successfully integrate the business, books and records and management regarding Kaleidoscope's proposed acquisitions and ventures, (v) respond to actions of our competitors, (vi) develop new services and markets for our services, become and remain in compliance with regulatory rules and regulations and to integrate such services with the products/services of co-joint ventures, (vi) manage and finance potential business acquisitions and their consolidations into a single business and (vii) foresee and make necessary changes to our business strategies.

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