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Microcap & Penny Stocks : Triangle Multi Media Inc. (QBID) -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (1266)	2/16/2006 4:34:36 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 1286

Not possible. They reaudited and found hundreds of millions in undiscovered assets As long as 3 card monte never ends, QBID is priceless CORRECTING and REPLACING Q Television Network Adds Several Hundred Million Dollars in Assets to Triangle Multi-Media's Bottom-Line Tuesday January 10, 1:06 pm ET BURBANK, Calif.--(BUSINESS WIRE)--Jan. 10, 2006--First graph, first sentence and second graph, second sentence of release should read xxx in accordance with GAAP (sted in accordance with SAAG). The corrected release reads: Q TELEVISION NETWORK ADDS SEVERAL HUNDRED MILLION DOLLARS IN ASSETS TO TRIANGLE MULTI-MEDIA'S BOTTOM-LINE Triangle Multi-Media (Pink Sheets:QBID - News) announced today that, in accordance with GAAP, Triangle Multi-Media will start accounting for Q Television Network as a 100% wholly owned subsidiary. This means Triangle Multi-Media common shareholders own one hundred percent of Q Television Network's (QTN) total asset base, including its contracts with Time Warner, Cox Communications, RCN and Australia's SelecTV, as well as advertising revenue, tangible property, subscriber base and an independent audited film library worth over several hundred million dollars. "Q Television Network has been operating as an independent entity and held in its entirety since it was incorporated. QTN will be accounted for as a wholly owned subsidiary of Triangle Multi-Media in accordance with GAAP. Triangle Multi-Media common shareholders control one hundred percent of Q Television Network," said Frank Olsen, CEO of Triangle Multi-Media and Q Television Network. "Up to thirty percent of QTN may be used for future financing and debt. With the accelerated growth of QTN, management felt it was time to formally announce this to QBID shareholders," added Olsen. About Q Television This 24/7 premium television network is organized to create, develop and feature television programming for the gay and lesbian community, including live & interactive content every weeknight, plus sports, information and entertainment. While the company expects much of its subscriber base to 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. The company's programming is available on a subscription basis to those desiring to subscribe. The monthly fee varies by region of the country. The network is telecast 24 hours per day, 7 days per week and features a variety of live and original programming. Q Television is available on such blue chip cable systems as Time Warner, Cox Communications and RCN, among others, with availability approaching 3 million digital cable households in the U.S. Q Television Network is the official network of Gay Games(r) VII. The network is also ad-supported. For further information on programming and subscriptions, please visit www.qtelevision.com. Contact: for Q Television Network Media Contact: Jim Strzalkowski, 818-338-3555 jim@prioritypr.net or Investor Relations: Richard Brown, 617-314-7379 Staff@EquityRelations.com