Press Release Source: QBID
QBID: A Conversation With Frank Olsen
Thursday February 19, 12:01 pm ET
PALM SPRINGS, Calif., Feb. 19 /PRNewswire-FirstCall/ -- During a question and answer session between Frank Olsen, CEO of Triangle Multimedia, Inc. and a group of investors, Mr. Olsen was quoted in the following conversation: "I will try to cover as many topics I can from the calls I have received about the functions and goals of the company.
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"First, we are expected to have a test run on-air beginning in two months to run indefinitely. By a test run I mean we will be broadcasting on satellite a signal for our sales crew to approach advertisers and cable and satellite providers with. You must understand that we are building a network that will be on the air 24/7 and it is our goal to deliver a polished, consistent product with longevity. A few movies and a sitcom don't make a network.
"I get constant questions regarding our contract with the Time-Warner Cable Systems. Our ten-year contract enables us to place our signal throughout the Time-Warner system on a market-by-market basis. After we meet their strict broadcast standards we expect to be throughout their system in the months to come.
"The next most asked question is when can you expect the next press release. It will be posted when it is pertinent to the company. Otherwise, we are planning a phone 'hotline' where you can get constant updates. We are in the business to make a network of quality gay and lesbian programming. We understand that the shareholders are the true owners of this network and we will do our best to keep you updated."
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
