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Microcap & Penny Stocks : Triangle Multi Media Inc. (QBID)

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To: Debbie777 who wrote (13)10/27/1999 10:39:00 PM
From: bob sims  Read Replies (1) of 1286
 
PALM SPRINGS, Calif.--(BUSINESS WIRE)--Oct. 27, 1999 - Triangle
Multi Media, Limited Inc. (OTCBB:QBID) announced today that the FCC
has consented to the transfer of license of Television Station KPSP-TV
in Palm Springs, Calif., to QBID'S wholly owned subsidiary Palm
Springs Television Studios Inc. The actual transfer should be
consummated within a short period of time.

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 detailed in the company's filing with the Securities and
Exchange Commission.
Any questions should be directed to Derek Benson, Media Resource
Division, 760/322-1217.

--30--jf/sd* lc/sd

CONTACT: Triangle Broadcasting Company Inc.
Derek Benson, 760/322-1217

KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: TELEVISION/RADIO ENTERTAINMENT

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