Olsen and Lamont to Broadcast Gay Network Monday March 15, 6:01 am ET
PALM SPRINGS, Calif., March 15 /PRNewswire-FirstCall/-- Triangle MultiMedia Ltd., Inc. (QBID) has announced the creation of a new television network. This 24-hour channel, featuring a broad spectrum of programming directed at gay and lesbian audiences, will be offered to cable and satellite systems throughout the United States. The network will feature original plays, motion pictures, series and documentaries as well as sports, travel and lifestyle programming combined with live news broadcasts and specials. Triangle MultiMedia Ltd, Inc. has contracted with Network Teleports Inc. and its president Barbara Lamont, to coordinate the launch, webcasting and satellite uplink on a popular C-band cable bird whose footprint reaches all of North America.
Providing all technical and programming aspects are met, the network will have a "soft" launch by middle May 2004, running one-hour sampler programming blocks in various dayparts to give cable operators a chance to preview the network. Regular programming will begin transmission via satellite and will be available as a subscription channel on selected cable systems once all transmission issues have been resolved.
In addition, Chairman Frank Olsen has created a Sponsorship Program aimed at large corporations. These select few corporations will receive preferred status regarding advertising and placement on the network during the first broadcast year. The company's sales team has already begun targeting these organizations.
Barbara Lamont has served as President and Chief Operating Officer of Network Teleports since 1988. Highlights of her professional career include the building of a satellite telecommunications hub and an independent television station, a background in network broadcast journalism, and a 25- year career as a classical and jazz pianist.
Fluent in seven languages, Ms. Lamont has lived and worked in Europe, Africa, and North and South America. She has worked for numerous companies, including CBS and ABC Networks, CBS Radio Network, Metromedia, and served for two years as Director of Operations for the Nigerian Television Network. After returning to the U.S. from Nigeria, Ms. Lamont was awarded an FCC license to build a television station in New Orleans. After obtaining her license, she built both WCCL-TV 49 and Network Teleports, a major satellite transmission facility. Network Teleports, Inc. was started in 1988 with two antennas and seven employees. As one of the largest fiber-optic interconnected teleports in the world, NTI now serves a wide range of clients, including corporations, universities, medical institutions, oil and gas companies, and the broadcast news and entertainment industries in the transmission of voice, video and data.
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: 760-323-4455 NTI Contact: 504-942-9200
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