QVC Qustream Corporation

QuStream Corporation ("QuStream" or the "Company") (TSX VENTURE:QVC), a provider
of broadcast, Pro A/V and multimedia solutions, today announced its third
quarter fiscal year 2010 results.


Revenue for the third quarter of fiscal 2010 was US $3.0 million compared to US
$3.1 million in the same period in fiscal 2009, a decrease of 1%. Revenue for
the nine months ended September 30, 2010 was US $9.0 million compared to US $9.0
million in the same period last year.


Net loss for the third quarter of fiscal 2010 was US $0.3 million or ($0.01) per
share compared to a net loss of US $0.4 million or ($0.02) per share for the
same period last year. Net loss for the nine months ended September 30, 2010 was
US $0.7 million or ($0.03) per share compared to a net loss of US $5.4 million
or ($0.23) per share for the same period last year.


"The third quarter of fiscal 2010 continued to be a challenging and competitive
environment," stated Chuck Tillett, President and COO of QuStream. "The Company
remains focused on executing its strategic initiatives to return to growth and
profitability."


The 2010 Third Quarter Financial Statements and Management's Discussion &
Analysis have been filed on SEDAR at www.sedar.com.


Forward-Looking Statements:

The statements made in this press release that are not historical facts contain
forward-looking information that involves risk and uncertainties. All
statements, other than statements of historical facts, which address QuStream's
expectations, should be considered forward-looking statements. Such statements
are based on management's exercise of business judgment as well as assumptions
made by and information currently available to management. When used in this
document, the words "may", "will", "anticipate", "believe", "estimate",
"expect", "intend" and words of similar import, are intended to identify any
forward-looking statements. You should not place undue reliance on these
forward-looking statements. These statements reflect our current view of future
events and are subject to certain risks and uncertainties as contained in the
Company's filings with Canadian securities regulatory authorities, which in
relation to this press release include, but are not limited to, our expected
fiscal 2010 organic revenue growth, our expected future design wins, and our
expected market share across various customers and product segments. Should one
or more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, our actual results could differ materially from
those anticipated in these forward-looking statements. We undertake no
obligation, and do not intend, to update, revise or otherwise publicly release
any revisions to these forward-looking statements to reflect events or
circumstances after the date hereof, or to reflect the occurrence of any
unanticipated events. Although we believe that our expectations are based on
reasonable assumptions, we can give no assurance that our expectations will
materialize.

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