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

To: David Rye who wrote (76)	5/1/1998 8:49:00 PM
From: David Rye	Read Replies (2) \| Respond to of 150

WE HAVE NEWS TODAY have a nice weekend all Friday May 1, 11:14 am Eastern Time Company Press Release Triangle Completes Credit Bureau Acquisition COCONUT CREEK, Fla.--(BUSINESS WIRE)--May 1, 1998--Triangle Imaging Group Inc. (OTC BB:TRIG - news) announced Friday that effective April 30, 1998, it has completed the acquisition of 100% of the stock of Credit Bureau Services Inc., through its wholly owned subsidiary QuickCREDIT Corp. (QCC). Credit Bureau Services Inc. is headquartered in Fort Lauderdale, Fla. The contract was executed at the corporate offices of Triangle, and the company through its transition team, is coordinating a smooth changeover, without any interruption of business. Credit Bureau Services Inc. is a local service provider offering single as well as merged credit reports and RMCRs (Residential Mortgage Credit Reports) to clients in their geographical areas. Its clients include banks, mortgage companies and local businesses which require credit services to conduct business more efficiently. According to QuickCREDIT President, Van Saliba, ''This marks our initial foray into this market and affords us a strong platform to carry out our mission of consolidating local credit reporting agencies, nationwide.'' QCC anticipates annualized revenues and income from this acquisition to exceed $1 million and $200,000 respectively. As other agencies come on line, management expects margins to increase through consolidation of redundant expenses. 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. -0- 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. ------------------------------------------------------------------------ Contact: Bill Whalen, Shareholder Services 954/968-2080 stockprofiles.com ------------------------------------------------------------------------ More Quotes and News:Triangle Imaging Group Inc (OTC BB:TRIG - news) Related News Categories: banking, computers, insurance ------------------------------------------------------------------------ Help ------------------------------------------------------------------------ Copyright c 1998 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information