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To: LANCE B who wrote (11963)	6/3/1999 7:37:00 AM
From: kbert	Respond to of 13776

GAAY News!!! TV Auctions Thursday June 3, 7:01 am Eastern Time Company Press Release Triangle Broadcasting Company Inc. Announced the Satellite Distribution Date for the Second Newly Created TV Program to be Produced by Palm Springs Studios Palm Springs, Calif.--(ENTERTAINMENT WIRE)--June 3, 1999--Triangle Broadcasting Company Inc. (OTCBB:GAAY - news) Executive Vice President Dick Weiner announced today the creation of a three hour weekly broadcast to be called AuctionsTelevision to be made available to cable companies via satellite throughout the U.S. and Canada beginning Oct. 2, 1999. The three hour live broadcast will consist of a new auction each week featuring unique items gathered from around the world to originate from our television studios in Palm Springs, Calif. Weiner will serve as executive producer for the new broadcasts. Items to be auctioned each week will range from Superbowl memorabilia to rare Hollywood and rock concert programs and posters, from railroad artifacts to celebrity encounters, from international commemorative coins to distinctive art items, from millennium event reservations to distant romantic getaways and everything in-between. Internet users worldwide will be able to access the auctions through the new bi-lingual interactive Web site now under construction, AuctionsTelevision.com, which will be fully operational in both English and Spanish on Aug. 2, 1999. Beginning on that date participants can begin to register and preview items to be auctioned. 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, including those risks and uncertainties detailed in the company's filings with the Securities and Exchange Commission. For further background information on Palm Springs Studios and BingoTelevision.com please refer to our press releases dated May 11, 1999, May 18, 1999, and May 25, 1999, respectively, or contact our press representative, Roger Asquith. Contact: Triangle Broadcasting Company Inc. Roger Asquith, 760/322-1217, Fax 760/322-9707