QBID/P NEWS
Triangle Multi-Media Relocates Corporate Facility; Move Reduces Expenses by $33,000 Per Month
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."
