SOURCE: Kaleidoscope Venture Capital, Inc.

January 23, 2012 10:45 ET

Kaleidoscope Venture Capital, Inc. Announces the Creation of KALEIDOSCOPE CONNECT

SEATTLE, WA--(Marketwire - Jan 23, 2012) - Kaleidoscope Venture Capital, Inc. ("Kaleidoscope" or the "Company") (PINKSHEETS: KLDO), under its DBA Kaleidoscope Media Systems, has created KALEIDOSCOPE CONNECT.

KALEIDOSCOPE CONNECT is a digital media company, which will operate on its own private area network offering businesses an all in one solution for engaging with, connecting to and staying in contact with all their customers and demographics. Customers will interface with businesses via an integrated, networked, high resolution, touch screen kiosk at the business location, as well as mobile devices, IP TVs and computers. Eric Luttio, CEO, sees Kaleidoscope Connect bringing the future of connecting with customers to the entertainment content delivery, high speed Internet, mobile applications and communication Industries. PALs (portal access locations) will become as common as ATMs with the growth of high-speed networks. Traditional marketing and customer acquisition strategies are in the past. Television, direct mail, newspapers and email are no longer effective. Using strategically placed interactive touch screen kiosks with easily accessible social media applications, Kaleidoscope Connect will have a measurable advantage over any competition in the lucrative digital media content and communication services marketplace.* The Internet advertising market is growing. The annual amount spent for online advertising in the US climbs higher every year. The latest research from indicates numbers will top 40 billion dollars in 2014. That's twice as high as 2009 up from 22.7 billion. Eric Luttio, CEO, also is excited to confirm Kaleidoscope Connect has signed a letter of intent with Gym Marketing LLC, which is one of the first acquisitions for Kaleidoscope in the Kiosk and digital media industry. Gym Marketing, LLC offers Kiosk marketing solutions to gyms as part of an overall customer interface, and marketing though social and digital media marketing. Kaleidoscope's high-end marketing system will appeal to all membership and appointment driven businesses, apartment communities, high traffic business locations, malls, hospitals, Where customer engagement, connection and follow up is a necessity.

About KLDO: Kaleidoscope Venture Capital, Inc., a Nevada corporation (the "Company"), is a multi-tiered communications and media holding company, currently focused on the acquisition of, or partnership with, regional communications and media companies that are planning to grow nationally and which provide digital satellite television, high-speed Internet, and voice over IP, to customers living in multi-dwelling units (MDUs), as well as other media information and communication services including strategically placed, touch-screen kiosks integrated with social networking. MDUs include apartment buildings, condominiums, gated communities, universities and other properties having multiple units located within a defined property area. The Company and its subsidiaries negotiate extended access agreements with the owners of MDU properties allowing it the right to design and install various proprietary systems required to provide digital satellite television, high-speed Internet, VoIP, and potentially other services, to their residents.

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 Xillient's ROEs and related business with that of Kaleidoscope, (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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