QBID.News out.Got me some for the hell of it.(COMTEX) B: TTN Ready to Commence Broadcasting ( PRNewswire-FirstCall )
B: TTN Ready to Commence Broadcasting ( PRNewswire-FirstCall )
PALM SPRINGS, Calif., Feb 2, 2004 /PRNewswire-FirstCall via COMTEX/ -- Triangle
Multi-Media Limited, Inc. (OTC: QBID)
During a question and answer session with a select group of analysts, Frank
Olsen, CEO of Triangle Multi-Media stated today, "We have finally completed the
move into our new offices, the phones are working properly and we can look
forward to living within the budget that we have set up for 2004."
"We are looking to fill certain open spots within our executive ranks, so we can
bring the hard work and efforts of the last 6 years to a successful ending. Our
first item will be to restrict the stock holdings of those people considered
inside traders and to put an end to the infighting that has taken place among
certain investors of the company. Contracts for outsourcing are in place for 90
% of all broadcasting functions including the uplink facilities and we are
actively pursuing the stalled contracts with broadcasting companies to ascertain
definite air times."
QBID Overview
The Triangle Television Network (the 'Company' or 'TTN'), a wholly owned
subsidiary of Triangle Multi-Media Limited, Inc (QBID) was organized to create
and develop a network devoted to providing both television programming for the
gay and lesbian community. While TTN expects much of its subscriber base will be
comprised of members of the gay and lesbian population, management also believes
that quality programming about the gay and lesbian experience, designed to
entertain, educate and inform, will attract many other segments of the viewing
public. TTN's programming will be provided on a subscription basis to those
desiring its programming. The Triangle Television Network will broadcast 24
hours per day, 7 days per week. Providing distribution via satellite ensures
availability of the Triangle Television Network across the United States,
including Alaska, Hawaii and Puerto Rico.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press
release may be forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such matters involve risks and
uncertainties that may cause actual results to differ materially, including the
following: changes in economic conditions; general competitive factors; Triangle
Multi-Media's ability to execute its business model and strategic plans; and the
risks described from time to time in the company's Securities and Exchange
Commission filings.
QBID Contact: 760-323-4199
Triangle Multi-Media Inc. is traded on the Nasdaq Pink Sheet Exchange, Symbol
QBID.
SOURCE QBID
CONTACT: QBID Contact, +1-760-323-4199
(QBID)
prnewswire.com
Copyright (C) 2004 PR Newswire. All rights reserved.
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KEYWORD: California
INDUSTRY KEYWORD: ENT
OTC
TVN
SUBJECT CODE: PDT
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