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Microcap & Penny Stocks : GAAY - Triangle Broadcasting Company (was TBCS) -- Ignore unavailable to you. Want to Upgrade?

To: E. Taylor who wrote (1896)	9/22/1999 1:22:00 PM
From: E. Taylor	Read Replies (1) \| Respond to of 2118

Frank Olsen retires 14.1 Million shares Wednesday September 22, 12:41 pm Eastern Time Company Press Release Ex-Chairman Olsen to Retire 14.1 Million Shares PALM SPRINGS, Calif.--(BUSINESS WIRE)--Sept. 22, 1999--Triangle Broadcasting Corp. (OTCBB:GAAY - news) announced today that Ex-Chairman Frank Olsen has retired 14.1 million shares of Triangle Broadcasting Corp. Common Stock. This retirement represents Olsen's entire holdings in the company. ``The sweetened number that was sent to me was based on current projects, tangibles and intangibles and did not include projects that Triangle Broadcasting had on the drawing boards but could not fund. The only adjustment I could see to help the GAAY shareholders increase their position was to retire my personal holdings in Triangle Broadcasting Company. I've put my money where my mouth is and I am for this merger. Now the future of the two companies rests with their shareholders exclusively,' stated Olsen. Management stated that this retirement will adjust the share exchange ratio to 2.375 shares of GAAY to 1 share of QBID. Triangle Broadcasting management has informed Triangle MultiMedia Limited of the adjustment and both companies have agreed to ``Sticker' next week's proxy with the new conversion rate. The adjusted offer will be based upon the same four items as previously outlined in the September 14th News Release. Shareholders of QBID will be asked first to consider the new offer in an amended Proxy which will be mailed at the end of next week. The shareholders will have 60 days as per their by-laws to vote for or against a business combination. If the offer is accepted it will need to be ratified by the shareholders of GAAY in a proxy. The proxy period will be for 60 days following the end of the QBID proxy period. If the GAAY shareholders do ratify the proxy then the ratio will be 2.375 shares of GAAY for every 1 new share of QBID. If QBID does not approve the combination or if QBID approves the combination and GAAY rejects the combination, each company will continue on as separate entities. Prior to the GAAY proxy, the books of QBID will be available for review at the offices of Palm Springs Television Studios Inc., a wholly owned subsidiary of Triangle MultiMedia Limited (OTCBB:QBID - news). Shareholders of QBID will have a list of assets available in their proxy for review and will have GAAY management available to answer questions during the proxy period. Management of GAAY will abstain in the proxy vote if it is voted favorably on by the QBID shareholders. Triangle MultiMedia Limited is in the process of beginning its audit so that it may become a reporting company. If these audits are available to management on a completed or near completed basis they too will be available to the shareholders of Triangle Broadcasting Company. Additionally, a business plan for Triangle MultiMedia Limited will be available to GAAY shareholders for review prior to the proxy period. Safe Harbor Statement Under the Private Securities Reform Act of 1995: The statements contained herein that are not historical facts 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. There is no guarantee that the shareholders of either company will accept this offer of business combination. Investors at this and other stages of this transaction are subject to a high degree of risk and can lose up to their entire investment on both companies at anytime. Triangle Broadcasting Company has not begun their financial audit to become compliant with current listing requirements as set forth by the OTC Bulletin Board. This may cause Triangle Broadcasting Co. (OTCBB:GAAY - news) to be delisted and placed on the ``Pink Sheets.' An investment in either company is deemed to be high risk. -------------------------------------------------------------------------------- Contact: Triangle Broadcasting Company James French, 760/322-1217

To: E. Taylor who wrote (1896)	9/22/1999 1:32:00 PM
From: steve patagonia	Read Replies (1) \| Respond to of 2118

The site looks great. Macromedia's plug-in shockwave is now necessary. I don't know if that was such a great move. Bingo people don't need all the sounds and frills. Most will probably watch TV and play. I wonder if this will be a trend with games on the net. Could be really good for Macromedia. I noticed the little sign that read:" This game sponsored by" after which it was blank. It'll be interesting to see who the first sponsor will be. These guys are going to make money, I just get tired of seeing more shares coming out of the closet. I'm not sure buy I thought I read that Olsen got 10 million. Anyway, this dance is nowhere near over.