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Microcap & Penny Stocks : GAAY - Triangle Broadcasting Company (was TBCS)
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To: Joe Lyddon who wrote (2080)12/27/1999 5:54:00 PM
From: E. Taylor  Read Replies (1) of 2118
 
Monday December 27, 3:49 pm Eastern Time
Company Press Release
Triangle Multi-Media Limited Inc. Announces That The Each Item In The Proxy Statement Issued To Shareholders Was Overwhelmingly Approved By Said Shareholders:
PALM SPRINGS, Calif.--(BUSINESS WIRE)--Dec. 27, 1999--Triangle Multi-Media Limited Inc. (OTCBB:QBIDE - news) announces That The Each Item In The Proxy Statement Issued To Shareholders Was Overwhelmingly Approved By Said Shareholders:

1.) Name change from Integrated Healthcare Inc. to Triangle
Multi-Media Limited Inc. (symbol "QBIDE");

2.) Ratification of authorizing 300,000,000 common shares no par
value and creation of 20,000,000 super voting convertible
preferred stock ($.001 per share);

3.) Ratification of a Class B Preferred Stock which shall convert for
100 shares of common stock;

4.) Ratification of a Class B non-voting convertible stock with a
five (5) year callable 8.25% cumulative interest rate and no par
value;

5.) The election of Frank Olsen, Rene Schenk, and Ronald Orden as
Directors of the Corporation (although elected a director Dr.
Haggett has heretofore declined the office due to other business
endeavors);

6.) For ratification of the Merger Agreement between Palm Springs
Television Studios and Integrated Health Care Inc. (now known as
Triangle Multi-Media Limited Inc.) as a part of the merger which
closed on Aug. 30, 1999; and

7.) For approval of the proposed business combination of Triangle
Multi-Media Limited Inc. and Triangle Broadcasting Company
("GAAY"). It is QBID's understanding that said proxies for "GAAY"
shareholders will be mailed within approximately 5 working days.

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.

--------------------------------------------------------------------------------
Contact:
IMS
Public Relations, 888/497-0606
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