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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (13580)	8/6/1999 3:54:00 PM
From: wbASSETt	Respond to of 108040

GAAY & ITHC news is officially out ! see GAAY thread wbASSETt

To: $Mogul who wrote (13580)	8/6/1999 3:59:00 PM
From: vagabond	Read Replies (1) \| Respond to of 108040

GAAY news!!! (COMTEX) B: Triangle Broadcasting Company Inc. Announces That a Decis B: Triangle Broadcasting Company Inc. Announces That a Decision Will be Made by the Close of Business Monday, Aug. 9, 1999 PALM SPRINGS, Calif., Aug 6, 1999 (ENTERTAINMENT WIRE via COMTEX) -- Triangle Broadcasting Company Inc. (OTCBB:GAAY) confirmed today that they are considering an unsolicited bid by Integrated Healthcare Inc. Management has asked Integrated Healthcare (OTCBB:ITHC) to deliver a more definitive management plan which includes a firm contract, instead of a letter of intent, as is typical in the industry by the close of business Aug. 9, 1999. "We are evaluating all aspects of this transaction to see what best suits our shareholders," stated Frank Olsen, chairman. "The proposed arrangement must allow us to move to the next phase of development." The offer includes the acquisition of all "in process" mergers which include the Palm Springs Production Center and the television station on a separate basis. The transaction is staged into multiple parts but is executable quickly. Management will advise shareholders after Monday evening when a full outline of the plan will be available. Olsen stated, "No one has a clear picture yet, not even management let alone anyone in the marketplace of what the final deal will be." 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 filings with the Securities and Exchange Commission. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Triangle Broadcasting Company Inc. Roger Asquith, 760/322-1217, Fax 760/322-9707 WEB PAGE: businesswire.com GEOGRAPHY: CALIFORNIA INDUSTRY CODE: ENTERTAINMENT INTERACTIVE/MULTIMEDIA/INTERNET Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *