Canadian Gay & Lesbian Network Sold to Shavick Entertainment

VANCOUVER, July 20: Production company Shavick Entertainment
has acquired OUTtv, a Canadian gay and lesbian television network, with plans to
relaunch the channel under a new name and with a slate of new programming.

Shavick acquired a majority interest in 6166954 Canada Inc.,
the company that holds the license for OUTtv, previously controlled by Canadian
broadcaster William Craig. Pink Triangle Press remains a minority shareholder
and will be a Shavick business partner in the new operation. The production
group Peace Point Entertainment will be also a partner.

Shavick intends to rebrand and rename the network, upgrade
its technology infrastructure and stock up on new programming. Regent Studios
in Los Angeles will be a significant content provider.

"OUTtv holds great value as one of Canada's longest
running independent programming services and we look forward to expanding its
boundaries to better serve gay and lesbian audiences," said James Shavick,
the president of Shavick Entertainment. "OUTtv's position as CRTC
must-carry service presents an outstanding opportunity to build a major media
destination that millions of viewers will come to depend on for authentic,
relevant and premium gay and lesbian entertainment.”

"We're going to improve one of Canada's most widely
distributed cable networks by making it a true destination and viewer-oriented
service, filled with quality entertainment and user-friendly content, so our
nation's LGBT audience finally gets the TV they want and deserve," added
Joy MacPhail, a partner in Shavick Entertainment.