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drumroll please..QBID news..lol Triangle Multi-Media Relocates Corporate Facility; Move Reduces Expenses by $33,000 Per Month
PR Newswire - December 17, 2003 07:35

PALM SPRINGS, Calif., Dec 17, 2003 /PRNewswire-FirstCall via Comtex/ -- Triangle Multi-Media (OTC: QBID) a distributor of unique and compelling quality programming focused on alternative lifestyles, is pleased to announce that it has moved its primary business location, thereby reducing expenses by $33,000 per month.

The move to the facility located at 303 North Indian Canyon Way, Palm Springs, CA 92262, has allowed the Company to dramatically reduce its operating costs. Furthermore, the Company has begun outsourcing materials and production and is now operating as a distributor of content, realizing the associated improvements in margins and reduction of operating expenses that come along with the shift.

Frank Olson, Chairman and CEO commented, "By relocating to a smaller space and outsourcing the more intensive materials and production elements of our business, we have been able to significantly improve our financial position." He added, "The results of the move and the shift to distribution will provide us with the resources to aggressively pursue our business strategy."

About Triangle Multi-Media

Triangle Multi-Media, Inc. operates the Triangle Television Network (TTN). TTN is a distributor of unique and compelling quality programming focused on alternative lifestyles. TTN was founded in 1993 and had its start in radio in the Seattle/Tacoma area.

The Company is well positioned to exploit significant first-mover advantages by providing high-quality cable television programming for the gay and lesbian community. TTN has assembled a seasoned management and advisory team consisting of entertainment industry veterans.

With an estimated 20 million gay and lesbian people in the US, the market is large and attractive. Disposable spending for this group exceeds $500 billion, advertisers have taken note, making it the fastest growing advertising segment in the US.

For further information, please contact: Marion Sherman of Triangle Multi-Media, Inc., 760-323-4199.

This release contains forward-looking statements with respect to the results of operations and business of Triangle Multi-Media, Inc. which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

SOURCE Triangle Multi-Media, Inc.

Marion Sherman of Triangle Multi-Media, Inc., 760-323-4199

http://www.prnewswire.com