Businessweek

On March 1, 2012, the Board of Directors of Kaleidoscope appointed Ronald Tate to the position of director and Chief Executive Officer of Kaleidoscope. Ron Tate has over twenty-five years experience in business, as a business owner, investor and executive. He has spent over twenty of those years in upper level management and marketing with a strong focus on athletic industries and retail. He founded HCG Gold Wellness Center, Inc. in 2009. Mr. Tate is in the process of expanding this franchise to twenty other gym facilities, as well as independent locations throughout the West Coast. Mr. Tate is also a member of Westlake Capital Partners, LLC. Additionally, on March 12, 2012, Kaleidoscope Venture Capital, Inc. appointed Ryan Wear to the position of director of the Company. Ryan Wear has eighteen years experience in business acquisitions, financing and operations. Mr. Wear is also a member of Westlake Capital Partners, LLC. Concurrent with the appointments of Mr. Tate and Mr. Wear, Eric Luttio resigned from his position as Chief Executive Officer, which Mr. Luttio held with Kaleidoscope since June 2011; Denny Andrews resigned from his position as Vice President of Sales & Marketing, which Mr. Andrews held since September 2011, and: Allen Patterson resigned from his position as director, which Mr. Patterson held since July 2011.

Kaleidoscope Venture Capital, Inc. 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. 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. 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.

QED Connect, Inc. announced that it has entered into an agreement to acquire 75% of Kaleidoscope Venture Capital, Inc. Denny Andrews, Kaleidoscope's Executive Vice President of Sales and Marketing, will head up Kaleidoscope's new division, "Kaleidoscope Digital Media Systems," which will focus on customer integration of services and Social Media Marketing deployment.

On July 28, 2011, the Kaleidoscope Venture Capital, Inc. appointed Allen Patterson to the Board of Directors of the Company. Mr. Patterson, is the CEO and Co-founder of Dynatek Power, Inc. Mr. Patterson commenced his professional career in the Middle East working for Aramco, where he was a field engineer responsible voice and telemetry communications, design and implementation along the Saudi Arabian pipeline in an active war zone. Following Armaco, he worked for Collins Radio Company as a design and application engineer to introduce new products and for Hughes Electronics as a member of the technical staff working on The Syncom Communications Satellite and various space systems for the military. The company also confirmed the resignation of Jay Gordon from his position as Director. Mr. Gordon served briefly on the Board since March 2011. Mr. Gordon's resignation did not arise from any disagreement on any matter relating to the company's operations, policies or practices, nor regarding the general direction of the company. The Board does not expect to name Allen Patterson to any committee of the Board at this time.

Te board of directors of Kaleidoscope Venture Capital, Inc. appointed Eric Luttio to the position of Chief Executive Officer of the company. Mr. Luttio, who was recently appointed Chief Operating Officer, has a proven track record in building and developing new markets and new companies from Micro- and Mid-Cap to fully diversified Fortune 500 companies. Mr. Luttio has held senior positions in several sectors including industrial products, green energy, medical products, telecommunications structuring, B-to-B Sales, Biotechnology, computer technology and engineering, both domestically and internationally, including Propulsion Technologies International, Inc., EH Ventures, PureSurce, Clearant, Inc., and Edge Mobile Medical Inc., Mr. Luttio earned a B.A. in Industrial Arts from Lane Community College. The company also confirmed the appointment of Jay Gordon to the Board. Mr. Gordon is President, CEO, and founder of the company's subsidiary, Direct Digital Service, Inc. Additionally, on June 22, 2011, M. Thomas Makmann submitted his resignation from his positions of Director, President and Chief Executive Officer.