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Microcap & Penny Stocks : Triangle Multi Media Inc. (QBID)
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To: E. Taylor who wrote (2)10/5/1999 12:12:00 AM
From: E. Taylor  Read Replies (1) of 1286
 
Monday October 4, 6:46 pm Eastern Time
Company Press Release
Triangle Multi-Media Limited Inc. Announced Today Its Pursuit of the Purchase of a Radio Station in Salt Lake City
PALM SPRINGS, Calif.--(BUSINESS WIRE)--Oct. 4, 1999--Triangle Multi-Media Limited Inc. (OTCBB:QBID - news) President Frank Olsen announced tentative pursuit of the purchase of radio station KWUN in Salt Lake City.

It was announced that Triangle Multi-Media Limited Inc. was the high-qualified bidder during the sealed bid portion of the sale in the U.S. Bankruptcy Court in Salt Lake City this morning. Olsen said he expects to remain the highest bidder during the oral bidding that will take place on Tuesday, Oct. 5, 1999 at 2:00 p.m. in the Trustee Attorney's office.

Olsen added, ``We believe that the Salt Lake City market and station KWUN will be an excellent addition to our growth plans to provide gay & lesbian programming throughout the U.S.'

Any questions should be directed to Derek Benson, Media Resource Division, 760/322-1217.

Forward looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission.

--------------------------------------------------------------------------------
Contact:

Triangle Broadcasting Company Inc.
Rene Schenk, 760/342-2063
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