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

To: 2MAR$ who wrote (13593)	8/9/1999 8:57:00 AM
From: vagabond	Respond to of 108040

More news on GAAY/ITHC proposal... Vagabond =================== COMTEX) Integrated Healthcare, Inc. Discusses its Proposal to Triangle Broadcasting Company, Inc., its Board of Directors and its Shareholders TORRANCE, Calif., Aug 9, 1999 (BUSINESS WIRE via COMTEX) -- Joseph L. Pittera, Pro Tem Chairman and CEO of Integrated Healthcare, Inc. (OTC BB:ITHC) announced today what the Company's intentions will be with respect to Triangle Broadcasting Company, Inc. (OTC BB:GAAY), Palm Springs Television Studios, Inc. and several other Triangle mid-merger candidates. "I would like to take this opportunity to respond to or clarify our position on the Triangle matter so that the shareholders of both companies can better understand what is being offered," stated Pittera. "As a Preamble I would like to state that we view Integrated Healthcare, Inc. as a 'platform company' in a 'leveraged buildup' scenario. In a leveraged buildup investment format a platform company (ITHC) is used to 'back' a management team in a public forum with a publicly traded vehicle and cash for acquisitions within a certain industry. The industry focus is very narrow. For example, a verylarge and famous platform company would have been 'K-III Communications Corp.' which was controlled by KKR and had acquired over 200 different publications in a relatively short period of time. The management team then began to build a 'new' company by making smaller acquisitions of smaller companies. Our goal is the same in that we also going to back a management team comprised of the Triangle Broadcasting Company's current management. We feel by shifting Mr. Olsen into a newly created position of head of 'Acquisitions and Mergers' and out of the day-to-day operations we can become very pro active. In addition to Mr. Olsen we would add some 'top notch' lawyers and 'in house' finance people to the 'Olsen Division' as we define it. As stated before I will be exiting ITHC. I am however the Chairman of a company that will be making an investment into the new platform company Triangle MultiMedia Corp. formerly Integrated Healthcare, Inc. if this transaction becomes final. "The basic outline of our offer is as follows: (a) Integrated Healthcare, Inc. (OTC BB:GAAY) will acquire Palm Springs Television Studios, Inc., a private company from its private stockholders, which is currently in "mid-merger" with Triangle Broadcasting Company, Inc. (OTC BB:GAAY) Broadcasting for Preferred Stock in ITHC and cash. The Cash will then be invested into the completion of the Bingo and Auction programming which will make these two programs available for syndication far ahead of schedule. (b) ITHC will acquire the licensing for the Television Channel which is also in "mid-merger" with Triangle Broadcasting for Preferred Stock in ITHC and cash. (c) The Preferred Stock of ITHC which will be issued to all insiders, management and used for acquisitions of both (a) and (b) above. It will be structured into a voting trust to be controlled in majority by existing Triangle management. Each share of preferred is convertible to common stock only after a three years from the new date of issuance and can only be sold on a limited basis until year five of maturity. This will assure Triangle of management involvement on both major and minor issues with respect to running the company. (d) ITHC shall acquire all of the assets of GAAY the publicly traded company for common stock of ITHC. The stock shall then be available for exchange with existing GAAY shareholders on some basis as provided by some "moving day average" of both stocks and the ITHC market value as set forth in the marketplace prior to the asset purchase. The ITHC Common Stock shall be used in the purchase of the assets and the exchange of the GAAY Common Stock if the shareholder elects to exchange. These shares will then be registered under a Registration Statement so that they will be "Free Trading" securities in the marketplace. (e) Depending on the asset value of all the acquisitions (post GAAY) Triangle MultiMedia, Inc. (Proposed symbol "QBID") will attempt to list on a regional stock exchange or NASDAQ. (f) The "Olsen Division" (working title) headed by Frank Olsen will focus their efforts on the acquisition of stations, affiliates, hardware and pre-existing content. This division will operate autonomously from the day-to-day operations of Triangle MultiMedia Inc. The "Mission Statement" of this division is to seek out acquisitions and acquire them for a price below their book value. We would like to see the Preferred Stock or a combination of the Preferred Stock, Common Stock and Cash be used for these acquisitions provided the marketplace "shows" a solid value for the stock. "This is a very brief overview of what our offer is to the current management of Triangle Broadcasting Company, Inc. I like to advise every shareholder that this is a speculative and high risk deal. It may not come to fruition for any number of reasons. I strongly suggest that individuals do not buy ITHC stock unless you first speak to your broker and/or financial planner. I wish to thank the shareholders of GAAY and of ITHC for the opportunity to respond to some of the outstanding issues. Our offer to Triangle Broadcasting Company, Inc. will be extended from the close of business Monday until the close of business Friday the 13th of August 1999." Safe-Harbor Statement Under the Private Securities Reform Act of 1995: The statements contained herein that are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward looking statements, including certain delays in testing and evaluation of products and other risks detailed from time-to-time Integrated Healthcare's filings with the Securities and Exchange Commission. Individuals are further warned by ITHC management that they could suffer losses to the full extent of their investment virtually overnight if this offer is not accepted by the above mentioned companies. Related news categories: television, multimedia, Internet, communications, radio Symbols: ITHC, GAAY Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Evans, Lambert & Associates Rod Evans or Joseph Pittera, 310/328-3588 evlam2000@aol.com

To: 2MAR$ who wrote (13593)	8/9/1999 9:41:00 AM
From: Mr.Manners	Respond to of 108040

LOCH in LOCH again Monday August 9, 12:01 am Eastern Time Company Press Release SOURCE: Loch Harris, Inc. Loch's Blair Proves VAMMP Technology AUSTIN, Texas, Aug. 9 /PRNewswire/ -- ''Noted physicist Dr. Henry Blair released laboratory results today that show Loch's proprietary VAMMP (Vacuum Multi-constituent Monitor for Plasma) technology has been proven,'' according to Rodney Boone, CEO for Chemical Detection Technologies, Inc. (ChemTech) and its parent, Loch Harris, Inc. (OTC Bulletin Board: LOCH - news). Blair is expected to include these results as an integral part of his abstract and presentation at the prestigious Semi/Sematech's AEC/APC Symposium in Vail, Colorado on September 14th. ''Blair's findings on this ultraviolet based system could have a far reaching impact on the semiconductor manufacturing industry, and could easily challenge the economic significance of ChemTech's landmine detector, the E.L.F. (Eliminate Landmines Forever),'' said Boone. Blair's paper, ''Real-time, in situ, Plasma Process Monitoring'' describes the VAMMP as ''standoff, allowing in situ, noninvasive, real-time monitoring'' using light in the ultraviolet spectrum as compared to E.L.F.'s use of X-ray. Boone said results of validation tests received this week from ChemTech's Tucson, Ariz. lab in the ''Optics Valley'' show that Blair has already proven the technology on which VAMMP is based. ''We know the technology is viable,'' Blair told Loch officials, ''based upon the large system we built previously for DOE (the U.S. Department of Energy). These evaluations were necessary to assure that our miniaturization strategies are appropriate. The DOE systems are quite large and employ very powerful excitation sources.'' ''The results of these tests have shown that our efforts to miniaturize the already proven large scale technologies are successful,'' Blair said. ''In addition to the VAMMP system, we can confidently investigate other possibilities where the sensing and metrology of chemical constituents can be of great benefit in the commercial arena. The value of these results cannot be over emphasized.'' ''Optical management allows tomographic analysis of the plasma environment thus providing unique single wafer data in real time,'' Blair explained. ''Discrimination and species recognition are managed by ChemTech's proprietary PC Sentry 93000(P) neural net based software. The software package can provide closed-loop system high-level data. The system can also provide alarm, digital or graphic operator reporting.'' ''By the time of the symposium, said Boone, ''we expect to complete private funding negotiations now underway that will allow us to proceed with the VAMMP prototype without incurring any long-term debt to the company. When the funding is in place, we will 'fast-track' VAMMP to make it available within 9 months.'' With funding for the prototype expected to be competed soon, Loch Harris and ChemTech are aggressively seeking non-financial partnerships in order to speed VAMMP's entry into the market. Further information about the AEC/APC Symposium may be seen at semi.org and sematech.org. More about ChemTech's VAMMP system may be seen at lochharris.com Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. For further information contact: Loch Harris Inc., 512-328-7808, or fax, 512-341-7721. Or visit the Web site at lochharris.com SOURCE: Loch Harris, Inc. More Quotes and News: Loch Harris Inc (OTC BB:LOCH - news) Related News Categories: aerospace/defense