1.

PRESS RELEASE Exciting Celebrity Co-Host Lineup on Q Television Network

For further information on programming and
subscriptions, please visit www.

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(Matsushita (NYSE symbol: MC)), best known for
its Panasonic brand, announced that its Board of Directors today
resolved to repurchase its own shares, pursuant to Article 211-3,
Paragraph 1, Item 2 of the Commercial Code of Japan.
Jett ," which airs nightly on Q Television Network at 12:30 AM (EST) is:

-- 10/17, 18 - Judy Tenuta , Comedian
-- 10/24, 25 - Butch Patrick, "Eddie Munster"
-- 10/31, 11/1 - Julie Brown, Comedian
-- 11/7, 8 - Billy Bean, Former Major League Baseball Player and Author

A nightly talk show like nothing you've ever seen, "Queer Edge with Jack E. The show covers everything from arts and news to celebrities and
internet subcultures -- all from a refreshing GLBT perspective. "Queer
Edge " gives viewers a truly out-of-this-world experience as they are
launched into the outlandish conversations between Jett and his hosts. Jack
E.

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Matsushita to Execute Own Share Repurchase

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9% of the total number of shares issued)

3.

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Providing distribution via satellite ensures availability of the
network across the United States, including Alaska, Hawaii and Puerto Rico.

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The
network is also ad-supported.

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Aggregate repurchase amount: Up to 150 billion yen

4.

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The network is telecast 24 hours per day, 7 days per
week.

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, Ltd.

The co-host schedule for upcoming episodes of "The Queer Edge with Jack E.

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Period of repurchase: From May 2, 2005 to late March 2006

(Repurchase )

Total number of shares issued and treasury stock as of March 31,
2005:

Total number of shares issued (excluding treasury stock):
2,258,357,710 shares

Treasury stock: 194,695,787 shares


Host Jett focuses on pop culture
and subculture with a cutting edge that is dynamic, witty and downright
zany.

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Jett's "Queer Edge" encompasses all that is queer in the world of
counter-culture, in an effort to show that the word "queer" is more that
just a term for gays.
Q Television Network is the official network of Gay Games VII.com.

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Aggregate number of repurchaseable shares: Up to 120 million
shares (4.

iconography identities

constructions deviant



2.

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Class of shares: Common stock

2.

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qtelevision.

Mentions of it are to be found in the earliest known texts, and it occupies a central position in the culture up to the Meiji restoration of the late 1800's, when the Japanese felt the need to emulate the Western intruders and classified homosexuality as deviant.

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Business Editors/High -Tech Editors

OSAKA,Japan----Matsushita Electric
Industrial Co. Jett," which is also syndicated
to Canada's OUTtv.

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showa deviant

Reason for Share Repurchase

This resolution is a part of continuing efforts to enhance
corporate value through shareholder-oriented management, and enables
flexible and agile capital management, while increasing shareholder
value per share.
Q Television (OTC BB: QBID ), America's
groundbreaking network for gays, lesbians, bisexuals and transgendered
individuals , has announced today an all-star lineup of guest co-hosts
appearing on "The Queer Edge with Jack E.

About Q Television

This 24/7 premium television network is organized to create, develop and
feature television programming for the gay and lesbian community, including
live & interactive content every weeknight, plus sports, information and
entertainment. While the company expects much of its subscriber base to be
comprised of members of the gay and lesbian population, management also
believes that quality programming about the gay and lesbian experience,
designed to entertain , educate and inform, will attract many other segments
of the viewing public.

The company's programming is available on a subscription basis to those
desiring to subscribe.

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Details of Share Repurchase

1.
Jett" takes comedy to a whole new level.

Homosexuality has been an integral part of Japanese culture, presumably from prehistoric times.

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