CONTRACT NEGOTIATIONS ANNOUNCED BY TRIANGLE TELEVISION NETWORK FOR NEW DISTRIBUTION OF THE COMPANY'S NATIONAL PROGRAMMING
Palm Springs, CA - (BUSINESS WIRE) -- January 17, 2002 -- Triangle Multi-Media Limited, Inc. (NQB Pink Sheet - Symbol: QBID). The Triangle Television Network (TTN) has entered into negotiations with AT&T Broadband to carry the Triangle Television Network. TTN, a premium channel, has a vast library of gay and lesbian programming. TTN http://www.qbid.net/ will also be making presentations about its programming to Time Warner Cable, Cox Communications, Adelphia Communications, Comcast and Charter Communications. TTN President Frank Olsen explained that the Company "seeks to make their gay and lesbian programming available through the largest cable carriers and satellite companies immediately. Our goal is to fast track TTN's gay and lesbian programming which has been well received by the market place and is experiencing strong demand for wider accessibility since its September 7th preview."
Triangle Television Network's program line up includes gay and lesbian movies, original programming, sporting events, regional programming, series, news and information related to the gay community. TTN produces original programming such as Good Morning Gay America, Gay Court, Gay Bandstand, and Female Husbands which have all experienced strong demand for greater coverage via existing television and media providers.
Triangle Television Network has been aggressively seeking placement with cable/satellite companies and media providers. One of TTN's challenges is to respond to the strong product demand to place its network with companies such as AT&T and AOL-Time Warner. Independent consumer surveys demonstrate that the affluent and valuable market for gay and lesbian programming is widely under served. Present negotiations by TTN seeks to convince providers to begin broadcasting the Company's network to this valuable market.
Recently Fortune 500 media companies,Viacom, Showtime and MTV announced they have recognized the value of the gay and lesbian market. TTN is very pleased with these recent announcements.
The final two weeks in January TTN executives will be previewing the network to the aforementioned cable companies.
Forward looking statements (Statements which are not historical facts) in this release are made pursuant to the safe harbor provisions on the Private Securities Litigation Reform Act of 1995. Investor are cautioned that all forward looking statements involve risks and uncertainties, including those risks and uncertainties details in the Company's filings with the Securities and Exchange Commission
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