FROM THE DESK OF FRANK OLSEN – AUGUST 16, 2001
As CEO/President of Triangle Multi-Media Limited, Inc., a publicly-traded Washington Corporation (NQB-Pink Sheets, QBID); the following information is provided for shareholders, subscribers and as a response to recent statements made by individuals with their own agenda or alternative motives to harm and destroy the Triangle Television Network (TTN) before it even launches.
First, let me provide you with our mission statement. Our goal is to provide affordable, high-quality gay and lesbian programming for the gay and lesbian community. All TTN programming and products will always focus on meeting the wide-variety of needs and interests required to entertain, educate and inform the gay and lesbian community. The company is to be run primarily by gay and lesbian staff, but we are an Equal Opportunity Employer and include everyone.
We are not asking anyone to buy QBID stock. If anyone should ever decide to buy a penny-stock, any financial advisor or manager will always remind the person never to invest more in a penny-stock company, including ours, than that person can afford to lose in Vegas. This is a development stage venture and should be viewed and treated as such. The shareholders who invest in and buy QBID stock should feel comfortable with these facts.
Since the inception of Triangle Multi-Media Limited, Inc, over $7 million of cash and guaranteed obligations has been invested in both the company (QBID) and the launch and broadcast of TTN. Of this money, 79 percent has come from private investors, 17 percent has been raised from sales of product and advertising and 4 percent has come from the sale of stock. With $5.5 million of cash and personal guarantees invested by the primary operators of both companies, you know they will do everything possible to make it a success.
The following is provided to address the questions regarding the relationship of Co-Media, Inc (a private Nevada company) and Triangle Multi-Media Limited, Inc (QBID). Co-Media, Inc. is the investment and banking entity funding and guaranteeing contracts, leases and obligations on behalf of Triangle Multi-Media Limited, Inc. Co-Media, Inc is owned by the private investors who have provided the $5.5 million in cash and guaranteed obligations to fund both QBID and the launch of the Triangle Television Network. They will continue to back QBID until it can stand on its own. Please view Co-Media, Inc as the investment banker for QBID because this relationship is similar to what most all companies have with their investment bank or funding source.
Triangle Multi-Media Limited, Inc (QBID) has a 100 percent ownership in the Triangle Television Network. There is a security agreement on behalf of Co-Media which provides for all past, current and future funding.
The launch date for TTN remains September 5, 2001. Once TTN launches with programming for the gay and lesbian community and we begin to grow both our subscriber and sponsorship base, I believe people throughout the gay and lesbian community will be pleased. Also, I believe our legitimate investors and shareholders will be pleased.
All subscribers will receive the first 30 days of TTN for free. Call your local cable or satellite provider to request the Triangle Television Network so you can receive the channel and your free 30-day trial subscription. Watch TTN and then give us your opinion. The only thing we ask of subscribers and shareholders is to give us a chance to get on the air.
If you have any questions or concerns, please email me on frank@triangletelevisionnetwork.com
Looking forward to seeing you on the air.
Frank Olsen
CEO/President, Triangle Multi-Media Limited, Inc.
CEO/President, Co-Media, Inc.
.
"..Have you hugged your Grandgirlie today.."??
. |
