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Microcap & Penny Stocks : Triangle Imaging Group (TRIG) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Schrader who wrote (38)	4/15/1998 10:21:00 AM
From: Bill Schrader	Read Replies (1) \| Respond to of 150

COCONUT CREEK, Fla.--(BUSINESS WIRE)--April 15, 1998--Triangle Imaging Group Inc. (OTC BB:TRIG - news) announced Wednesday that QuickCREDIT Corp., its wholly owned subsidiary, has entered into Letters of Intent for the purchase of 100% of the stock of four independently owned credit reporting agencies in Florida. The company expects to close on the acquisition of Credit Bureau Services Inc., headquartered in Fort Lauderdale, Fla., by May 1, 1998, and on EJG Services Inc., headquartered in Jacksonville, Fla., and Florida Credit Bureau and Capital Credit Services headquartered in the Orlando, Fla., area, soon afterwards. Each of the companies provide local service in their geographic areas to banks, mortgage companies and local businesses in need of obtaining credit reports for their potential customers. Services provided include obtaining single and merged in-file credit reports and residential mortgage credit reports (RMCRs). According to Triangle President, Harold S. Fischer: ''These acquisitions are the first steps in our ambitious strategy to acquire local credit reporting agencies throughout the United States. Our vast experience, hi-tech facilities and current proprietary software will allow us to consolidate operations very effectively in centralized headquarters.'' QuickCREDIT Corp., as part of the agreements, has agreed to retain certain key management personnel of the acquired firms, in order to insure a smooth transition. Combined revenue for the four companies exceeds $3 million, with significant profit margins. Triangle also anticipates enhancing profits at its EBS Division by implementing its QuickCREDIT Software at each of the four acquired agencies. Triangle is the parent of its wholly owned subsidiaries, whose corporate resources include some of the leading figures in the computer, computer software, mortgage, finance, credit reporting and insurance fields, with both U.S. and global experience. Triangle, and its subsidiaries, are actively seeking acquisitions in complementary technological fields and are currently negotiating with several additional acquisition candidates. For more information contact Bill Whalen, Shareholder Services, at 954/968-2080, or visit our listing at stockprofiles.com. This release may include forward-looking statements from the company that may or may not materialize. Additional factors that could potentially affect the company's financial results may be found in the company's filings with the Securities and Exchange Commission.