Triangle Multi-Media Limited, Inc. President Frank Olsen Announces Founding Sponsor Program for TTN is Ahead of Schedule
PALM SPRINGS, Calif., June 5 /PRNewswire/ -- Triangle Multi-Media Limited, Inc. (OTC: QBID) President and CEO Frank Olsen announced today that the Founding Sponsor Program is moving ahead of schedule. Triangle Multi-Media's goal for their Triangle Television Network is to sign up 35 founding sponsors on or before January 1, 2002. A founding sponsor is a sponsor who purchases $100,000 worth of advertising for the first year on TTN. The founding sponsors are made up of Fortune 500 companies. Most participating companies want to thank the gay community for its loyal patronage over the years. As the Marketing Supervisor from a major corporation recently stated, "What a wonderful way to show the gay community that we appreciate their business and that we wish to seek an even greater market share." Being a premium channel, access to TTN will be restricted to those customers who request it. TTN and its founding sponsors have agreed to make a joint announcement in early July. President Frank Olsen said they hoped to have at least 10 founding sponsors by that time. The gay community has a $500 billion disposable income and with TTN they will soon have a television network of quality programming. Olsen further announced that TTN will release its fall programming schedule on June 20.
Safe Harbor Statement As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and un certainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; Triangle Multi-Media Limited Inc.'s ability to execute its business model and strategic plans; and the risks described from time to time in the company's Securities and Exchange Commission filings.
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