Tuesday May 18, 3:25 pm Eastern Time
Company Press Release
Triangle Broadcasting Company Inc. Announced the Satellite Distribution Date for a Newly Created Tv Program to be Produced Through Palm Springs Studios Productions as a Result of the Strategic Alliance Announced Last Week
PALM SPRINGS, Calif.--(BUSINESS WIRE)--May 18, 1999--Triangle Broadcasting Co. Inc. (OTCBB:GAAY - news) President Frank Olsen announced today the creation of a three hour daily broadcast to be called BingoTelevision to be made available to television stations and cable companies via satellite throughout the U.S. and Canada beginning Aug. 2, 1999.
The three hour broadcast will consist of six one-half hour blackout bingo games to originate live from our Palm Springs Studios. Each week new bingo cards will be made available free to players at participating supermarkets, fast food stores and on the Internet. Dick Weiner, Triangle and Palm Springs Studios executive vice president, will serve as executive producer.
Winners will be able to win up to $10,000 in cash and/or a wide array of prizes in each game. Promotional tapes will be available for viewing by stations and cable companies during the first week of July. BingoTelevision is the first production to be announced by the new Triangle profit center, Palm Springs Studios Productions.
Triangle has chosen BingoTelevision as its initial production offering because of bingo's proven ability to generate revenue. Internet users worldwide will be able to access the game and play free through the new web site now under construction ''BingoTelevision.com'' which will open simultaneously with the first TV broadcast.
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.
Dick Weiner -- Profile
Weiner, Creator of BingoTelevision, is a Peabody award-winning television producer and the former Executive Vice-President and General Manager of a major CBS television affiliate KGMB-TV in Honolulu and the Hawaii Production Center.
A native of New York city, Weiner graduated from Allegheny College, receiving a BA in history and political science. He attended St. John's University of Law, beginning his career as an attorney for the prominent New York firm of Cahill, Gordon & Reindel. He served as Assistant Resident Counsel for Paramount Television in Hollywood, and for 4 years prior to that served as an attorney for all the ABC owned radio and television stations, and the ABC Radio Networks.
From 1981 to 1986 he was Executive Vice-President of Lee Productions, a television program production company, producing many outstanding network and syndicated programs, including the Peabody Award-winning ''Beyond the Great Wall, Journey to the End of China,'' and NBC's ''The Most Beautiful Girl in the World Pageants'' (co-produced with Dick Clark).
Weiner also created and was Executive Producer of the syndicated musical special ''Christmas in Hawaii'' staring Jim Nabors, Carol Burnett and Tom Selleck. Prior to his television station and production work, Weiner was Account Executive at KIQQ-FM (K100) in Los Angeles then owned by Drake-Chault Enterprises. He is currently a member of the Producers Guild of American and the Academy of Television, Arts and Sciences.
Contact:
Triangle Broadcasting Company Inc. Roger Asquith, 760/322-1217
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