NEWS: Triangle Multi-Media Limited, Inc. President announces acquisition of new company
Palm Springs, CA, Nov 20, 2001 (M2 PRESSWIRE via COMTEX) -- Triangle Multi-Media Limited, Inc. (OTC - QBID) President, Frank Olsen, today announced the acquisition of a company called Liquidation by Satellite, or LBS. LBS is a liquidation company specializing in large inventories of television equipment, heavy machinery, electric equipment, education materials and other products primarily related to the airline industry. LBS began in 1991 and has continued to do business up to this date. LBS`s main source of merchandise is the Boeing Company. LBS has purchased and resold millions of dollars of merchandise over the past 10 years and, with the help of Triangle Mutli-Media Limited over the past 24 months, LBS has helped to open up the California market. With the current downsizing of airlines, there are numerous inventories for sale. There are also numerous customers. LBS has a specialized list of customers developed over the last 10 years that have other uses for airline equipment and this customer list continues to grow. LBS owns Rolling stock and leases warehouses in several areas.
When the original founders of LBS sold their interest in 1994, they remained active in consulting and sales. During the year 2001 Triangle Multi-Media has been involved in sales, advertising and marketing for LBS, generating substantial income for QBID. Due to the health concerns of the remaining principals of LBS, they offered, as of the first of the year, to sell LBS to Triangle in exchange for stock.
Olsen stated, "We are happy to announce that as of today Triangle Multi-Media will be taking over the LBS operation. This will ensure that Triangle will have additional revenue to continue the development of Triangle Television Network.. Mr. Olsen stated, "This is a great time to be in the liquidation business. It`s all marketing and fits in well under the Triangle umbrella.
We believe this acquisition will have a major positive impact on our cash flow. LBS offices will be moved to 1000 East Tahquitzin Palm Springs, but the company will maintain its independence. We want to thank the previous owners of LBS for the confidence they have shown in Triangle Multi-Media by accepting Triangle stock as payment. This is a great achievement for us and will enable us to continue to put funds into our operation."
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 un certainties 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.
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COMTEX) B: (QBID) Triangle Broadcasting to Sweeten Offer to Triangle MultiMedia Limited for Business Combination
PALM SPRINGS, Calif., Sep 14, 1999 (ENTERTAINMENT WIRE) -- Triangle Broadcasting Company (OTCBB:GAAY) announced today that it is increasing its share offer to Triangle MultiMedia Limited (OTCBB:QBID) for the purposes of facilitating a Business Combination.
Management has requested that Triangle MultiMedia Limited "sticker" their current proxy to include the increased offer. Previously, management had offered a 1 share for 1 share exchange. The new offer is three and three-quarter shares of GAAY for each share of QBID. The offer is made to the QBID shareholders based upon the following items: (1) Net Asset Value of each company. (2) Number of shares outstanding in each company. (3) Management of each company. (4) Share Price and Market Capitalization of each company.
Shareholders of QBID will be asked first to consider the new offer in their current proxy. If the offer is not accepted by QBID shareholders each company will continue as an individual entity. If the offer is accepted then it will need to be ratified by GAAY shareholders in a proxy within the next 30 days following the end of the QBID proxy period. If GAAY shareholders do not ratify the combination ratio then each company will go on as individual entities. If GAAY shareholders do ratify the combination ratio then the companies will be combined into a new entity also called Triangle MultiMedia Limited on a ratio of three and three-quarter GAAY shares to one QBID share.
Due to a potential conflict of interest with GAAY shareholders neither management nor Frank Olsen will vote any of their GAAY shares. The decision to combine or not combine on the proposed ratios is solely in the hands of the public shareholders of GAAY at that point. Prior to the GAAY proxy, if it is needed, independent appraisals of QBID's assets and liabilities will be available for review by GAAY shareholders in the offices of Triangle MultiMedia Limited.
Triangle MultiMedia is in the process of beginning its audit so that it may become a reporting company. If these audits are available to management on a completed or nearly completed basis they too will be made available to the shareholders of Triangle Broadcasting Company. Additionally a business plan for Triangle MultiMedia will be available to GAAY shareholders for review if complete at the time of proxy.
Safe Harbor Statement Under the Private Securities Reform Act of 1995: The statements contained herein that are not historical facts are forward looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward looking statement. There is no guarantee that the shareholders of either company will accept this offer of a business combination. Investors at this and other stages of this transaction are subject to a high degree of risk and can lose up to their entire investment on both companies at anytime.
Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Triangle Broadcasting Company James French, 760/322-1217
This will provide much revenue, it will also give them a foothold in that market for future development. I would not be surprised to find out that Firestone Communications is also behind them. A future NTI purchase could give them an independent feed into a market that they want.
-------------------- QBID 3,000,000 LONG
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quote:Originally posted by Doctoall: Okay Frank bring on my cake. I am going to buy me a big bunch of shares today, that is the best gift I could give myself
In honor of your birthday, I think I'll treat myself too!! Have a good one.
quote:Originally posted by MillerTIME: wow guys i am completely confused about what this PR states...we makin money???
i know were making friendships and relationships in this part of the business...but what exactly does this company do???
in lamens terms..ahhaahah....no idea what all this fiber optic cable, blah blah blah stuff is!!ahah....
NTI an independant satilletie company that has a very small amount of subscribers???says they fix things???says they are around the world?!!!?!?
wow, im confused!!lol
With full faith in the future revitalization of New Orleans as a thriving metropolis, Triangle Multi-Media looks forward to continuing its plans to ultimately purchase NTI.
NTI's transmission facilities include satellite antennas, fiber optic and microwave systems, studios, and editing and playback facilities for both audio and video. Its control center in New Orleans houses one of the first digital hubs for National Public Radio. NTI also has a team of technicians in every state in the U.S. who install and maintain satellite systems. NTI is linked via fiber optic lines to every major sports stadium and most large convention centers and hotels in the lower 48 states. In response to the economic needs of the 21st century, NTI has established itself as a "Virtual Teleport," integrating facilities to give customers rapid, convenient, reliable access to advanced communications.
quote:Originally posted by pennnies: It does not say we are making anything off of this. We are just helping them get set up again.
Wrong: It says that the services will be free to emergency services, it does not say free to business who need uplinks. JMHO
One of the essentials in a disaster relief effort is communications," "We will provide uplink services at no cost to emergency crews that need it. The satellite services will also be available to networks and other businesses that need uplink capabilities."
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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quote:Originally posted by pennnies: It does not say we are making anything off of this. We are just helping them get set up again.
Wrong: It says that the services will be free to emergency services, it does not say free to business who need uplinks. JMHO
One of the essentials in a disaster relief effort is communications," "We will provide uplink services at no cost to emergency crews that need it. The satellite services will also be available to networks and other businesses that need uplink capabilities."
It doesn't say they will be charging or making money. NTI makes the money. No deal is in place with Q. Q is trying to buy NTI, but for now it sounds like all of this is for free.
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So was there a plan to purchase these facilities prior to the disaster? It sure sounds like it.
With full faith in the future revitalization of New Orleans as a thriving metropolis, Triangle Multi-Media looks forward to "continuing its plans" to ultimately purchase NTI.
Go QBID!!!!!!! Looks Like A Very Green Future To Me
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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quote:Originally posted by pennnies: It does not say we are making anything off of this. We are just helping them get set up again.
Wrong: It says that the services will be free to emergency services, it does not say free to business who need uplinks. JMHO
One of the essentials in a disaster relief effort is communications," "We will provide uplink services at no cost to emergency crews that need it. The satellite services will also be available to networks and other businesses that need uplink capabilities."
It doesn't say they will be charging or making money. NTI makes the money. No deal is in place with Q. Q is trying to buy NTI, but for now it sounds like all of this is for free.
So who in this day and age works for "free" there has to be some benefit for "Q" at the end, I do not think that Frank does much for free
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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quote:Originally posted by Doctoall: So was there a plan to purchase these facilities prior to the disaster? It sure sounds like it.
With full faith in the future revitalization of New Orleans as a thriving metropolis, Triangle Multi-Media looks forward to "continuing its plans" to ultimately purchase NTI.
Go QBID!!!!!!! Looks Like A Very Green Future To Me
hahahahah wow!!! yeah pennies, i guess i didnt read the PR right....purchasing this company!!!WHAT FRANK!!!how many other companies your plannin to buy???lol this is crazy!!!
talk about revenue streams
how would this company make money???NTI
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call
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[/qb][/QUOTE]So who in this day and age works for "free" there has to be some benefit for "Q" at the end, I do not think that Frank does much for free [/QB][/QUOTE]
ahahhahahahaahahahahahha DOC!!!!ohh man, same thing i was thinking!!!!ahahahhaahahaha
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call
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I completely disagree pennies. Doing a good thing is great and all, but Q would not be involved if they weren't planning on taking over. Also, this line in the PR indicates they will purchase all of NTI.:
"With full faith in the future revitalization of New Orleans as a thriving metropolis, Triangle Multi-Media looks forward to continuing its plans to ultimately purchase NTI. "
quote:Originally posted by pennnies: I don't think they will be making money off of this. They are just helping NTI get back up and going. No deal was made and once they are up I am sure Q will step down.
-------------------- Still holding, Still waiting, ...
Don't forget to send your letter to Echostar/DISH Network. 20 letters a day gets Q some play :)
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No I agree with everyone that this is good. We are looking to buy them out, but this IMO is for free maybe to sweeten up the deal in Q's favor. Either way it is great news.
posted
anyone have any idea how this company makes money...or just explain to me (im probably the only one who is confused) what this company does...ahah
-------------------- Buy the silence-Sell the noise SFTV.004-.0075 AVNT.0018-.0033 FPPL.0034-.03 WEGI. My new Call
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Customers of NTI include major domestic and international radio and television networks, including ABC, CBS, CNN, EBU, NHK, Conus, BBC, and RAI, among others. NTI's parent company, New Orleans Teleport, Inc., operates and maintains the nationwide satellite network for the U.S. Social Security Administration.
-------------------- Sometimes the poorest man leaves his children the richest inheritance.
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