L Q Corporation, Inc. Reports Second Quarter and Six Month Results

L Q Corporation, Inc. Reports Second Quarter and Six Month
Results 


NEW YORK, July 22  /PRNewswire-FirstCall/ -- L Q Corporation, Inc. (formerly
Liquid Audio, Inc.) (OTC:LQID) (BULLETIN BOARD: LQID)  announced today its
financial results for the second quarter and six month period ended June 30,
2004.

For the second quarter ended June 30, 2004, the Company reported a net loss of
$384,000, or $ (0.12) per diluted share, compared to a net loss of $4,894,000,
or $ (0.21) per diluted share, for the same period in 2003.  For the six month
period ended June 30, 2004, the Company reported a net loss of $487,000, or
$(0.15) per diluted share, compared to a net loss of $6,082,000, or $(0.26) per
diluted share, for the same period in 2003. Per share figures for the quarter
and six-month period ended June 30, 2004 take into account the reverse and
forward stock splits effective as of June 8, 2004.

As announced in the Company's filings with the Securities and Exchange
Commission, including the Company's most recent filings on Form 10-K and Form
10-Q, the Company has not operated any business since January 2003 and is
exploring options for the use of its remaining assets.

                            June 30, 2004*        June 30, 2003

  Quarter Ended

  Net Income                   $ (383,795)         $ (4,894,000)

  Per Share Earnings              $ (0.12)              $ (0.21)

  Shares Outstanding            3,190,180            23,166,000

  Six Months Ended

  Net Income                     (486,908)           (6,082,000)

  Per Share Earnings              $ (0.15)              $ (0.26)

  Shares Outstanding            3,190,180            23,166,000

   * Figures for the quarter and six-month period ended June 30, 2004 take
     into account the reverse and forward stock splits effective as of
     June 8, 2004.



This press release may contain "forward-looking statements" within the meaning
of the federal securities laws and, as such, concerns matters that are not
historical facts.  The forward-looking statements are based on the opinions and
estimates of management at the time the statements were made and are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those anticipated in the forward-looking statements. Such
statements are not guarantees of future performance and are subject to risks
and uncertainties, including those set forth in the Company's Form 10-K and
other SEC filings, that could cause actual results to differ materially from
those expressed in such statements. Readers are cautioned not to place undue
reliance upon these forward-looking statements, which speak only as to the date
of this release. Except as required by law, L Q Corporation, Inc. undertakes no
obligation to update any forward-looking or other statements in this press
release, whether as a result of new information, future events or otherwise. 

DATASOURCE: L Q Corporation, Inc.



CONTACT:  Mel Brunt, Chief Financial Officer of L Q Corporation, Inc.,

[phone]

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