TTN Ready to Commence Broadcasting
February 02, 2004 12:13:00 PM ET
PALM SPRINGS, Calif., Feb. 2 /PRNewswire-FirstCall/ -- Triangle Multi-Media Limited, Inc. (OTC: QBID)
During a question and answer session with a select group of analysts, Frank Olsen, CEO of Triangle Multi-Media stated today, "We have finally completed the move into our new offices, the phones are working properly and we can look forward to living within the budget that we have set up for 2004."
"We are looking to fill certain open spots within our executive ranks, so we can bring the hard work and efforts of the last 6 years to a successful ending. Our first item will be to restrict the stock holdings of those people considered inside traders and to put an end to the infighting that has taken place among certain investors of the company. Contracts for outsourcing are in place for 90 % of all broadcasting functions including the uplink facilities and we are actively pursuing the stalled contracts with broadcasting companies to ascertain definite air times."
QBID Overview
The Triangle Television Network (the 'Company' or 'TTN'), a wholly owned subsidiary of Triangle Multi-Media Limited, Inc (QBID) was organized to create and develop a network devoted to providing both television programming for the gay and lesbian community. While TTN expects much of its subscriber base will be comprised of members of the gay and lesbian population, management also believes that quality programming about the gay and lesbian experience, designed to entertain, educate and inform, will attract many other segments of the viewing public. TTN's programming will be provided on a subscription basis to those desiring its programming. The Triangle Television Network will broadcast 24 hours per day, 7 days per week. Providing distribution via satellite ensures availability of the Triangle Television Network across the United States, including Alaska, Hawaii and Puerto Rico.
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 uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; Triangle Multi-Media'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.
QBID Contact: 760-323-4199
Triangle Multi-Media Inc. is traded on the Nasdaq Pink Sheet Exchange, Symbol QBID.
© 2004 PRNewswire
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