Sunday, May 01, 2005 1:20:46 PM
QBID's 15c211 Filing can be found here:
http://web.archive.org/web/20010306120136/www.qbid.net/15c211.htm
TMM(QBID)/QTN - Corporation Links / UBI
http://www.secstate.wa.gov/corps/search_detail.aspx?name=TRIANGLE+MULTIMEDIA+LIMITED&ubi=6010477....
http://www.secstate.wa.gov/corps/search_detail.aspx?name=Q+TELEVISION+NETWORK%2c+INC.&ubi=602391....
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TRIANGLE MULTIMEDIA LIMITED
UBI Number 601 047 757
Category Regular Corporation
Profit/Nonprofit Profit
Active/Inactive Active
State of Incorporation WA
Date of Incorporation 05/08/1951
License Expiration Date 05/31/2005
Registered Agent Information
Agent Name FRANK W OLSON
Address 28609 14TH AVE SW
City FEDERAL WAY
State WA
ZIP 98003
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Q TELEVISION NETWORK, INC.
UBI Number 602 391 767
Category Regular Corporation
Profit/Nonprofit Profit
Active/Inactive Active
State of Incorporation WA
Date of Incorporation 05/03/2004
License Expiration Date 05/31/2005
Registered Agent Information
Agent Name BUSINESS FILINGS INCORPORATED
Address 410 11TH AVENUE SE STE 202
City OLYMPIA
State WA
ZIP 98501
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Triangle Multi-Media Limited, Inc.
A Washington Corporation
July 20, 2000
Information Provided Pursuant to
Rule 15c2-11 of the Securities
Exchange Act of 1934, as Amended
CORPORATE INFORMATION REGARDING
Triangle Multi-Media Limited, Inc.
A Washington Corporation
July 20, 2000
The following information is being provided to interested broker-dealers and others pursuant to
Provisions of Subparagraph (a)(5) of Rule 15c2-11 Promulgated by the United States Securities
and Exchange Commission pursuant to the Securities Exchange Act of 1934.
1 . Exact Name of the Issuer and Its Predecessors.
Triangle Multi-Media Limited, Inc., a publicly held Washington corporation (the
"Registrant"), was originally organized in the State of Washington on May 8th, 1951, under the
corporate name Puget Sound Development Co., Inc. Its name was changed to Integrated Health
Care, Inc. and to Triangle Multi-Media Limited, Inc., on September 28, 1999. On September 28,
1999, the Registrant changed its name to Triangle Multi-Media Limited, Inc., its current name,
and on August 3, 1999, the Registrant reincorporated into Washington through a statutory
merger with a wholly owned Washington subsidiary in reliance on the exemption from registration
requirements of Section 5 of the Securities Act of 1933, as amended, provided by Rule 145(a)(2)
promulgated thereunder.
2 . The Address of its Principal Executive Offices.
1000 East Tahquitz Canyon Way
Palm Springs, California 92262
3. The State and Date of incorporation.
The Company was incorporated May 8th , 1951, under the laws of Washington. The Company's
predecessor was incorporated under Washington law on August 3, 1999.
4 . The Exact Title and Class of the Security .
The company has two (2) classes of equity securities authorized, that being Common Stock with
full voting rights and a Class of Preferred Stock issuable In such series and with such
characteristics as are adopted by the Board of Directors.
5 . The Par Value or Stated Value of the Security.
The Company's has authorized 300,000,000 of Common Stock and has a no par value. There are
presently issued and outstanding as of May 30, 2000; 74,416,987 of which 67,323,891 are free
trading and 7,093,096 are restricted.
The Company's also has 20,000,000 shares of Preferred $.001 par value convertible stock,
convertible at the holder' request at the rate of one (1) share of preferred for ten (10) shares of
common. The Company presently has 13,277,566 of said shares outstanding, all such shares are
restricted.
The Company also has preferred class B stock no par value which is non voting, non convertible,
and has a five (5) year call at 8.25% annual accumulation interest. One Million (1,000,000) shares
of said class are authorized and 267,538 are outstanding.
6 . The Number of Shares or Total Amount of Securities Outstanding as of the End of the
Issuer's Most Recent Fiscal Year.
The Company's fiscal year is the calendar year. As of March 31, 2000, 74,416,987 of which
67,323,891 are free trading and 7,093,096 are restricted.
7. Name and Address of the Transfer
OTR, Inc.
317 SW Alder, Suite 1120
Portland, OR 97204
Phone: (503) 225-0375
Fax: (503) 273-9168
8. The Nature of the Issuer's Business
The Company was formed to engage in -the acquisition of any speculative investment or business
opportunity without restriction as to type or classification.
The Company's primary business is the creation and distribution of Television and Radio
programming as well as the operation of a studio and television facilities. The company is also
engaged in substantial Internet business. Including having an on-line provider, called "The
Provider," as well as providing on-line sites for its programming and permitting customers to play
Bingo and download Bingo cards for its television programming. All of the company's game
shows are free sweepstakes-like programming and can be classified as entertainment.
The Company produces and broadcasts Bingo Television five (5) nights per week for 1 hour
during prime time. It also does the same for its Auction Television show once a week in prime
time. The Company also makes its production facilities available on both a straight rental for
profit on participation basis to third parties who wish to develop Television shows and/or CD
ROM's. By way of example the company has a joint venture with certain doctors to produce
medical/educational CD ROMs. The Company also, through its subsidiary "The Provider,"
provides access to the World Wide Web.
9. New Project.
A. The Company has acquired a management agreement with Palm Springs Television Studios
to operate its channel 58 in Palm Springs. The Company is also seeking to acquire a CBS affiliate
and move channel 58 to cable channel 2.
Item 10. The Company's office is located at the television station at 1000 Tahquits Canyon
Way, Palm Springs, California 92262.
Item 11. THE FOLLOWING TABLE SETS FOR THE INFORMATION CONCERNING
THE OFFICERS AND DIRECTORS OF THE COMPANY AS OF MAY 31st IN THE
YEAR 2000.
OFFICERS:
President _________Frank Olsen___________ Address: 1000 E. Tahquitz Cyn Way_
Palm Springs, CA 92262 _
V/President_______Dr. Marion Sherman_____ Address: 1000 E. Tahquitz Cyn Way_
Palm Springs, CA 92262__
Sec/Treasurer_______Rene Schenk__________ Address: 1000 E. Tahquitz Cyn Way_
Palm Springs, CA 92262 _
DIRECTORS:
Director _________Frank Olsen___________ Address: 1000 E. Tahquitz Cyn Way_
Palm Springs, CA 92262 _
Director _______Dr. Marion Sherman__ __ Address: 1000 E. Tahquitz Cyn Way_
Palm Springs, CA 92262__
Director _______ Rene Schenk ___ Address: 1000 E. Tahquitz Cyn Way_
Palm Springs, CA 92262__
D. Glossary
How satellite television works: There are currently approximately 42 major domestic
communications satellites that broadcast television signals to the United States. These satellites
are in "geostationary orbit". I.e., they have fixed positions directly over the equator approximately
22,300 miles above the earth and they orbit at the same speed and in the same direction as the
earth's rotation, thus appearing stationary in the sky. The orbital location of a satellite determines
what area of the earth It will cover with Its signal, and the shape of the signal on the earth's
surface is known as the satellite's "footprints"
A satellite communications system consists of an up-l int or transmitting earth station, a satellite
and a receiving earth station of down-link or satellite dish. Each satellite general ly has 24
transponders (or channels), which are the devices which relay the signal: beamed to the satellite
back to earth. Each transponder can retransmit one complete color television signal, along with
additional audio sidebands. Regardless of their size, receiving earth stations generally are
limited to reception of the signals of the satellite on which they are focused.
To broadcast a program, the broadcaster directs a signal containing audio and transmitting earth
station to the satellite. This broadcast is called an "uplink". The satellite then converts the signal
and relay it toward the earth, as the "down-link". The down-link signal can be received only
within the footprint of the satellite.
The down linked broadcast can be received only by a satellite dish or earth station aimed at the
broadcasting satellite. As discussed below, the surface of the dish collects the broadcasted signals
and focuses them toward a single point, strengthening the signal. receiver translates these signals
into television image and sound.
How subscription satellite television works:
Broadcasters can transmit up-l ink signals In an "unscrambled" or "scrambled" state. An
unscrambled signal may be received by any sate 11 ite dish and viewed with an ordinary satellite
receiver. Broadcasters may also alter their up-link signals to prevent unauthorized reception of
the down-link programming. Such a scrambled signal may be viewed only if the signal has passed
through and activated a decoder; otherwise, it will appear on the television screen with an
unstable Image and no or unintelligible sound. The scrambled up-link signal contains addressable
information so that only an activated Video Cipher II can de-scramble it. However, the decoder
can only be activated via satellite, as follows: When a customer order subscription programming,
he provides his decoder's unique serial or identification number, which is put into a computerized
digital code and added to the universe of similar codes from al I purchases of the subscription
programming. These codes are then continuously up-linked to the satellite for broadcast along
with the subscription programming, if the decoder has been authorized for a specific program, it
will be activated by its own broadcasted "address" code (no other broadcasted "address" code will
affect that particular decoder). In the event a subscriber becomes delinquent In paying for the
programming, or elects not to renew, the broadcaster will issue a de-authorization code which
alters the decoder's "address" code within the up-linked signal, and the subscriber will no longer
be able to decode the scrambled signal.
Components of a home satellite television system or earth station:
A home satellite system consists of an outdoor "dish" (which essentially functions like the familiar
rooftop antenna, i.e., it receives and collects television signals), an Indoor electronic receiver and
an television set or monitor. In order to receive a particular signal, the owner of the earth station
or dish must aim the dish at the broadcasting satellite, either electronically or manually, and tune
the receiver to the desired transponder or channel. Mounted in the front of the dish is an
electronic device cal led a "feed-horn". A broadcast from a satellite bounces off the dish and into
the feed-horn, where It is translated into an electronic signal. This signal is then fed by wires to
the tuned receiver, which converts it into a television image and sound. However, as described
above, a scrambled television signal will not generate visible images or sound unless the receiver
is combined with a decoder which has been activated.
Programming Distribution
Triangle Multi-Media Limited, Inc., distributes its programming to satellite dish owners and a
limited number of television stations and small cable television systems via domestic
communications satellites and a third party satellite service provider. Its programs are potentially
available to anyone having the proper satellite receiving facilities. Participating cable operators
re-scramble the signal and offer it to their customers a: part of their premium service.
Satellite Transmission
Satellite services are available from approximately 42 domestic communications satellites which
are regularly used for broadcast transmissions, on a "protected" or "unprotected" basis,
replacement transponders are reserved for use in the event that either the transponders used by the
customer fail or the satellite containing such transponders fail. Replacement transponders are not
reserved for service provided on an "unprotected" basis. Consequently, one customers'
"unprotected" service can be interrupted for indefinite periods in order to restore service to a
customer whose service is "protected" or in the event the satellite
owner requires transponder space in an emergency.
TMM has a written agreement with Keystone Corporation giving it the "unprotected" right to use
one transponder on its domestic communications satellite until December 31, 1993. Pursuant to
agreements expiring throughout 1993, a satellite up-link facility in Hollywood, California,
converts it programming from a live broadcast into scrambled audio and video signals,
which it transmits or "up-links" to the transponder on the satellites, which in turn relay or "down-I
Ink" the signals to satellite dishes located within the satellite's footprint for viewing.
Each transponder lease is subject to a tariff filed with the FCC (the "Tariff") which generally sets
forth the terms and nature of the service provided by the satellite owner to its lessees. In
particular, under the terms of each Tariff SBI is provided with transponder time twenty-four
hours a day, seven days a week through the lease expiration date on an unprotected, preemptible
basis as defined In the Tariff. There can be no assurance that these satellites will continue to be
the satellite from which transmits Its signals.
Sales and Marketing
TMM currently offers sponsors advertising commercials within the content of the two show it
broadcasts. The Auction Television and Bingo Television programs which contain 26 each 30
seconds spots per hour. These programs are marketing national and have the following sponsors.
Blockbusters Videos, Mobil Oil, and ect.
Programming guide with game cards may also be mailed, upon request, monthly to the
viewer/contestants. Games cards may be obtained over the Internet at www.bingotelevision.com.
12. Competition.
The Company competes with all broadcast game shows and more generally, all types of broadcast
promotions designed to increase audience share and advertising revenues. Management is not
aware of any nationally broadcasted bingo shows. Some locally-originated show: exist in various
locations. Management believes, without assurance, that it has a competitive edge over the other
broadcast bingo promotions since Frank Olsen originated the concept and has been promoting it
since 1999. Management believes that the Company has established a reputation of equitable and
complete service to the broadcast and gaming industry.
With respect to game shows and other types of broadcast promotion, management believes that
the simplicity of the bingo game and its mass audience appeal enables the Company to compete
with other game shows.
13. The Nature of Products or Services offered.
As stated in Item 8, the Company sells advertising, licensing agreements, and related services.
Bingo are free (cards relating to a live, viewer participation or interactive television game show.
Also, national marketing and fulfillment of products on a contract basis.
14. The Nature and Extent of the Issuer's Facilities.
The Company's offices are rented from 12,500 at a price of $12,100.00. The offices consist of
approximately 4,800 sq. feet. The offices are considered adequate for the Company's current
needs. This facility's remaining footage is in production studio, television broadcasting and
transmission facilities.
15. The Executive Officers and Member of the Board of Directors.
Name
Title
Term of Office
Frank Olsen
President/CEO/ Chairman of the Board of Directors
Until next annual meeting
Dr. Marion Sherman
Vice President/Director
Until next annual meeting
Rene Shenk
Secretary/Treasurer/ Director
Until next annual meeting
16. The Issuer's Most Recent Balance Sheet and Profit and Loss and Retained Earnings
Statements .
The Company's most recent audited financial statement is
attached hereto as Exhibit "A".
17. Similar Financial Information for Such Part of the Two Preceding Fiscal Years as the
Issuer or Its Predecessor has been Existence.
See Exhibit "A'
18. Whether the Broker-Dealer or Associated Persons are Affiliated Directly or Indirectly
with the Issuer .
To the best of the Company's knowledge, information and belief, no broker-dealer submitting
quotations with respect to the stock of the Company nor any associated person thereof, are
affiliated directly or indirectly with the Company.
19. Whether the Quotations are Being Published or Submitted on Behalf of any Other
Broker or Dealer, and, If so, the Name of such Broker-Dealer.
To the best of the Company's knowledge. Information and belief, no broker or dealer publishing
or submitting quotations with respect to the Company's stock is doing so on behalf of any other
broker or dealer.
20. Whether the Quotations are Being Submitted or Published Directly or indirectly on
Behalf of the Issuer, or any Director , Officer , or nay Person Directly or Indirectly the
Beneficial Owner of More that 10% of the Outstanding Units or Shares of any Equity
Security of the Issuer .
To the best of the Company's knowledge, information and belief, quotations being published or
submitted by brokers or dealers are not submitted on behalf of the Company or any Director,
Officer or any person directly or Indirectly the beneficial owner of more than 10% of the
Company.
21. Exhibits.
The Exhibits to this information Statement consists of the following:
A) Report of H. M. Richard & Associates, CPA P.C. dated May 20, 2000 on Financial
Statement for the years ended March 31, 2000 and accompanying Balance Sheet, Statement
of Income, Statement of Stockholders' Equity, Statement of Changes in Financial Position and
Notes.
B) Certificate of Incorporation
C) Biographies of the Registrant's Executive Officers and Directors
D) By Laws
Biographies of the Registrant's Executive Officers and Directors
MR. FRANK OLSEN
President and Director
He was born into a family bakery business, taking over the management and operation of 60
employees at the early age of sixteen after the unexpected passing of his father. He sold the
business at the age of 23 and, during its operation, increased the annual income twelve times. He
attended the University of Washington. For several years, he acted as consultant to Boeing
Company in the Salvage and Surplus Department. Mr. Olsen took advantage of the opportunity
to buy several broadcasting companies through the federal bankruptcy courts and have profitably
operated and resold both radio and television stations during his years in business.
MARION M. SHERMAN, MD
Vice President and Director
He was born in Hampton, Virginia on February 13th 1928. He has two children. His education is
as follows:
High School:Hampton High School Graduation 1945
College:University of Virginia BA1945-1948
University of Virginia Medical School 1948-1952
University of Texas,
Internship:John Sealy Hospital, Galveston, TX 1952-1953
Obstetrics and Gynecology
University of Florida
Residency:Cornell, The New York Hospital
University of Texas, Dallas
Post Graduate Master Public Health University of North Carolina
Dr. Sherman was a United States Navy Flight Surgeon and attained Rank of Commander in 2 1/2
years. He was Flight Surgeon Air Group on Carrier USS wasp to Far East during Korea and later
on USS Intrepid to Mediterranean. His medical practice was as follows:
1959-1971 Cape Canaveral at Cocoa Beach, Florida
1972-1977 Palos Verdes, California area
1977-1998Palm Desert and Palm Springs area
He belongs to the American College of Obstetrics and gynecology Diplomat and Board Certified
American Board of Obstetrics and Gynecology. Dr. Sherman has also engaged in multiple civic
societies and has traveled throughout the world.
RENE SCHENK
Secretary/Treasurer and Director
Mr. Schenk is an international financial executive with over 30 years of experience. A native of
Holland, Mr. Schenk graduated from the University of Birmingham, England with a degree in
Economics. He emigrated to the United States in 1967 and began hs career as a staff accountant
with Emerson Electric Company ending up as the Regional Controller of this company in charge
of all administrative and financial functions in the seven western states. Following a brief
relocation to the east coast in 1982, Mr. Schenk accepted the position of Regional Controller of
Magic Chef (currently Maytag) in charge of all operations of a $200 million region of this major
appliance manufacturer.
As a result of Mr. Schenk's experience as a seasoned financial executive and his ability to act as a
mediator between diverse management groups, as well as his ability to speak several languages,
Mr. Schenk was recruited to become Vice President and CFO of Delta Lithograph Company, a
division of Bertelsmann AG, the European entertainment and publishing conglomerate, where he
not only served in various capacities as a liaison between the European and American
Management.
Prior to coming to Triangle Multi-Media Limited, Mr. Schenk was a highly successful consultant
in the publishing, printing and entertainment industry. Mr. Schenk serves on the board of
directors of an independent investment group and is a member of various charitable organizations.
Mr. Schenk has been married for 22 years and resides in the Palm Springs Area.
http://web.archive.org/web/20010306120136/www.qbid.net/15c211.htm
TMM(QBID)/QTN - Corporation Links / UBI
http://www.secstate.wa.gov/corps/search_detail.aspx?name=TRIANGLE+MULTIMEDIA+LIMITED&ubi=6010477....
http://www.secstate.wa.gov/corps/search_detail.aspx?name=Q+TELEVISION+NETWORK%2c+INC.&ubi=602391....
--------------------------------------------------------------
TRIANGLE MULTIMEDIA LIMITED
UBI Number 601 047 757
Category Regular Corporation
Profit/Nonprofit Profit
Active/Inactive Active
State of Incorporation WA
Date of Incorporation 05/08/1951
License Expiration Date 05/31/2005
Registered Agent Information
Agent Name FRANK W OLSON
Address 28609 14TH AVE SW
City FEDERAL WAY
State WA
ZIP 98003
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Q TELEVISION NETWORK, INC.
UBI Number 602 391 767
Category Regular Corporation
Profit/Nonprofit Profit
Active/Inactive Active
State of Incorporation WA
Date of Incorporation 05/03/2004
License Expiration Date 05/31/2005
Registered Agent Information
Agent Name BUSINESS FILINGS INCORPORATED
Address 410 11TH AVENUE SE STE 202
City OLYMPIA
State WA
ZIP 98501
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Triangle Multi-Media Limited, Inc.
A Washington Corporation
July 20, 2000
Information Provided Pursuant to
Rule 15c2-11 of the Securities
Exchange Act of 1934, as Amended
CORPORATE INFORMATION REGARDING
Triangle Multi-Media Limited, Inc.
A Washington Corporation
July 20, 2000
The following information is being provided to interested broker-dealers and others pursuant to
Provisions of Subparagraph (a)(5) of Rule 15c2-11 Promulgated by the United States Securities
and Exchange Commission pursuant to the Securities Exchange Act of 1934.
1 . Exact Name of the Issuer and Its Predecessors.
Triangle Multi-Media Limited, Inc., a publicly held Washington corporation (the
"Registrant"), was originally organized in the State of Washington on May 8th, 1951, under the
corporate name Puget Sound Development Co., Inc. Its name was changed to Integrated Health
Care, Inc. and to Triangle Multi-Media Limited, Inc., on September 28, 1999. On September 28,
1999, the Registrant changed its name to Triangle Multi-Media Limited, Inc., its current name,
and on August 3, 1999, the Registrant reincorporated into Washington through a statutory
merger with a wholly owned Washington subsidiary in reliance on the exemption from registration
requirements of Section 5 of the Securities Act of 1933, as amended, provided by Rule 145(a)(2)
promulgated thereunder.
2 . The Address of its Principal Executive Offices.
1000 East Tahquitz Canyon Way
Palm Springs, California 92262
3. The State and Date of incorporation.
The Company was incorporated May 8th , 1951, under the laws of Washington. The Company's
predecessor was incorporated under Washington law on August 3, 1999.
4 . The Exact Title and Class of the Security .
The company has two (2) classes of equity securities authorized, that being Common Stock with
full voting rights and a Class of Preferred Stock issuable In such series and with such
characteristics as are adopted by the Board of Directors.
5 . The Par Value or Stated Value of the Security.
The Company's has authorized 300,000,000 of Common Stock and has a no par value. There are
presently issued and outstanding as of May 30, 2000; 74,416,987 of which 67,323,891 are free
trading and 7,093,096 are restricted.
The Company's also has 20,000,000 shares of Preferred $.001 par value convertible stock,
convertible at the holder' request at the rate of one (1) share of preferred for ten (10) shares of
common. The Company presently has 13,277,566 of said shares outstanding, all such shares are
restricted.
The Company also has preferred class B stock no par value which is non voting, non convertible,
and has a five (5) year call at 8.25% annual accumulation interest. One Million (1,000,000) shares
of said class are authorized and 267,538 are outstanding.
6 . The Number of Shares or Total Amount of Securities Outstanding as of the End of the
Issuer's Most Recent Fiscal Year.
The Company's fiscal year is the calendar year. As of March 31, 2000, 74,416,987 of which
67,323,891 are free trading and 7,093,096 are restricted.
7. Name and Address of the Transfer
OTR, Inc.
317 SW Alder, Suite 1120
Portland, OR 97204
Phone: (503) 225-0375
Fax: (503) 273-9168
8. The Nature of the Issuer's Business
The Company was formed to engage in -the acquisition of any speculative investment or business
opportunity without restriction as to type or classification.
The Company's primary business is the creation and distribution of Television and Radio
programming as well as the operation of a studio and television facilities. The company is also
engaged in substantial Internet business. Including having an on-line provider, called "The
Provider," as well as providing on-line sites for its programming and permitting customers to play
Bingo and download Bingo cards for its television programming. All of the company's game
shows are free sweepstakes-like programming and can be classified as entertainment.
The Company produces and broadcasts Bingo Television five (5) nights per week for 1 hour
during prime time. It also does the same for its Auction Television show once a week in prime
time. The Company also makes its production facilities available on both a straight rental for
profit on participation basis to third parties who wish to develop Television shows and/or CD
ROM's. By way of example the company has a joint venture with certain doctors to produce
medical/educational CD ROMs. The Company also, through its subsidiary "The Provider,"
provides access to the World Wide Web.
9. New Project.
A. The Company has acquired a management agreement with Palm Springs Television Studios
to operate its channel 58 in Palm Springs. The Company is also seeking to acquire a CBS affiliate
and move channel 58 to cable channel 2.
Item 10. The Company's office is located at the television station at 1000 Tahquits Canyon
Way, Palm Springs, California 92262.
Item 11. THE FOLLOWING TABLE SETS FOR THE INFORMATION CONCERNING
THE OFFICERS AND DIRECTORS OF THE COMPANY AS OF MAY 31st IN THE
YEAR 2000.
OFFICERS:
President _________Frank Olsen___________ Address: 1000 E. Tahquitz Cyn Way_
Palm Springs, CA 92262 _
V/President_______Dr. Marion Sherman_____ Address: 1000 E. Tahquitz Cyn Way_
Palm Springs, CA 92262__
Sec/Treasurer_______Rene Schenk__________ Address: 1000 E. Tahquitz Cyn Way_
Palm Springs, CA 92262 _
DIRECTORS:
Director _________Frank Olsen___________ Address: 1000 E. Tahquitz Cyn Way_
Palm Springs, CA 92262 _
Director _______Dr. Marion Sherman__ __ Address: 1000 E. Tahquitz Cyn Way_
Palm Springs, CA 92262__
Director _______ Rene Schenk ___ Address: 1000 E. Tahquitz Cyn Way_
Palm Springs, CA 92262__
D. Glossary
How satellite television works: There are currently approximately 42 major domestic
communications satellites that broadcast television signals to the United States. These satellites
are in "geostationary orbit". I.e., they have fixed positions directly over the equator approximately
22,300 miles above the earth and they orbit at the same speed and in the same direction as the
earth's rotation, thus appearing stationary in the sky. The orbital location of a satellite determines
what area of the earth It will cover with Its signal, and the shape of the signal on the earth's
surface is known as the satellite's "footprints"
A satellite communications system consists of an up-l int or transmitting earth station, a satellite
and a receiving earth station of down-link or satellite dish. Each satellite general ly has 24
transponders (or channels), which are the devices which relay the signal: beamed to the satellite
back to earth. Each transponder can retransmit one complete color television signal, along with
additional audio sidebands. Regardless of their size, receiving earth stations generally are
limited to reception of the signals of the satellite on which they are focused.
To broadcast a program, the broadcaster directs a signal containing audio and transmitting earth
station to the satellite. This broadcast is called an "uplink". The satellite then converts the signal
and relay it toward the earth, as the "down-link". The down-link signal can be received only
within the footprint of the satellite.
The down linked broadcast can be received only by a satellite dish or earth station aimed at the
broadcasting satellite. As discussed below, the surface of the dish collects the broadcasted signals
and focuses them toward a single point, strengthening the signal. receiver translates these signals
into television image and sound.
How subscription satellite television works:
Broadcasters can transmit up-l ink signals In an "unscrambled" or "scrambled" state. An
unscrambled signal may be received by any sate 11 ite dish and viewed with an ordinary satellite
receiver. Broadcasters may also alter their up-link signals to prevent unauthorized reception of
the down-link programming. Such a scrambled signal may be viewed only if the signal has passed
through and activated a decoder; otherwise, it will appear on the television screen with an
unstable Image and no or unintelligible sound. The scrambled up-link signal contains addressable
information so that only an activated Video Cipher II can de-scramble it. However, the decoder
can only be activated via satellite, as follows: When a customer order subscription programming,
he provides his decoder's unique serial or identification number, which is put into a computerized
digital code and added to the universe of similar codes from al I purchases of the subscription
programming. These codes are then continuously up-linked to the satellite for broadcast along
with the subscription programming, if the decoder has been authorized for a specific program, it
will be activated by its own broadcasted "address" code (no other broadcasted "address" code will
affect that particular decoder). In the event a subscriber becomes delinquent In paying for the
programming, or elects not to renew, the broadcaster will issue a de-authorization code which
alters the decoder's "address" code within the up-linked signal, and the subscriber will no longer
be able to decode the scrambled signal.
Components of a home satellite television system or earth station:
A home satellite system consists of an outdoor "dish" (which essentially functions like the familiar
rooftop antenna, i.e., it receives and collects television signals), an Indoor electronic receiver and
an television set or monitor. In order to receive a particular signal, the owner of the earth station
or dish must aim the dish at the broadcasting satellite, either electronically or manually, and tune
the receiver to the desired transponder or channel. Mounted in the front of the dish is an
electronic device cal led a "feed-horn". A broadcast from a satellite bounces off the dish and into
the feed-horn, where It is translated into an electronic signal. This signal is then fed by wires to
the tuned receiver, which converts it into a television image and sound. However, as described
above, a scrambled television signal will not generate visible images or sound unless the receiver
is combined with a decoder which has been activated.
Programming Distribution
Triangle Multi-Media Limited, Inc., distributes its programming to satellite dish owners and a
limited number of television stations and small cable television systems via domestic
communications satellites and a third party satellite service provider. Its programs are potentially
available to anyone having the proper satellite receiving facilities. Participating cable operators
re-scramble the signal and offer it to their customers a: part of their premium service.
Satellite Transmission
Satellite services are available from approximately 42 domestic communications satellites which
are regularly used for broadcast transmissions, on a "protected" or "unprotected" basis,
replacement transponders are reserved for use in the event that either the transponders used by the
customer fail or the satellite containing such transponders fail. Replacement transponders are not
reserved for service provided on an "unprotected" basis. Consequently, one customers'
"unprotected" service can be interrupted for indefinite periods in order to restore service to a
customer whose service is "protected" or in the event the satellite
owner requires transponder space in an emergency.
TMM has a written agreement with Keystone Corporation giving it the "unprotected" right to use
one transponder on its domestic communications satellite until December 31, 1993. Pursuant to
agreements expiring throughout 1993, a satellite up-link facility in Hollywood, California,
converts it programming from a live broadcast into scrambled audio and video signals,
which it transmits or "up-links" to the transponder on the satellites, which in turn relay or "down-I
Ink" the signals to satellite dishes located within the satellite's footprint for viewing.
Each transponder lease is subject to a tariff filed with the FCC (the "Tariff") which generally sets
forth the terms and nature of the service provided by the satellite owner to its lessees. In
particular, under the terms of each Tariff SBI is provided with transponder time twenty-four
hours a day, seven days a week through the lease expiration date on an unprotected, preemptible
basis as defined In the Tariff. There can be no assurance that these satellites will continue to be
the satellite from which transmits Its signals.
Sales and Marketing
TMM currently offers sponsors advertising commercials within the content of the two show it
broadcasts. The Auction Television and Bingo Television programs which contain 26 each 30
seconds spots per hour. These programs are marketing national and have the following sponsors.
Blockbusters Videos, Mobil Oil, and ect.
Programming guide with game cards may also be mailed, upon request, monthly to the
viewer/contestants. Games cards may be obtained over the Internet at www.bingotelevision.com.
12. Competition.
The Company competes with all broadcast game shows and more generally, all types of broadcast
promotions designed to increase audience share and advertising revenues. Management is not
aware of any nationally broadcasted bingo shows. Some locally-originated show: exist in various
locations. Management believes, without assurance, that it has a competitive edge over the other
broadcast bingo promotions since Frank Olsen originated the concept and has been promoting it
since 1999. Management believes that the Company has established a reputation of equitable and
complete service to the broadcast and gaming industry.
With respect to game shows and other types of broadcast promotion, management believes that
the simplicity of the bingo game and its mass audience appeal enables the Company to compete
with other game shows.
13. The Nature of Products or Services offered.
As stated in Item 8, the Company sells advertising, licensing agreements, and related services.
Bingo are free (cards relating to a live, viewer participation or interactive television game show.
Also, national marketing and fulfillment of products on a contract basis.
14. The Nature and Extent of the Issuer's Facilities.
The Company's offices are rented from 12,500 at a price of $12,100.00. The offices consist of
approximately 4,800 sq. feet. The offices are considered adequate for the Company's current
needs. This facility's remaining footage is in production studio, television broadcasting and
transmission facilities.
15. The Executive Officers and Member of the Board of Directors.
Name
Title
Term of Office
Frank Olsen
President/CEO/ Chairman of the Board of Directors
Until next annual meeting
Dr. Marion Sherman
Vice President/Director
Until next annual meeting
Rene Shenk
Secretary/Treasurer/ Director
Until next annual meeting
16. The Issuer's Most Recent Balance Sheet and Profit and Loss and Retained Earnings
Statements .
The Company's most recent audited financial statement is
attached hereto as Exhibit "A".
17. Similar Financial Information for Such Part of the Two Preceding Fiscal Years as the
Issuer or Its Predecessor has been Existence.
See Exhibit "A'
18. Whether the Broker-Dealer or Associated Persons are Affiliated Directly or Indirectly
with the Issuer .
To the best of the Company's knowledge, information and belief, no broker-dealer submitting
quotations with respect to the stock of the Company nor any associated person thereof, are
affiliated directly or indirectly with the Company.
19. Whether the Quotations are Being Published or Submitted on Behalf of any Other
Broker or Dealer, and, If so, the Name of such Broker-Dealer.
To the best of the Company's knowledge. Information and belief, no broker or dealer publishing
or submitting quotations with respect to the Company's stock is doing so on behalf of any other
broker or dealer.
20. Whether the Quotations are Being Submitted or Published Directly or indirectly on
Behalf of the Issuer, or any Director , Officer , or nay Person Directly or Indirectly the
Beneficial Owner of More that 10% of the Outstanding Units or Shares of any Equity
Security of the Issuer .
To the best of the Company's knowledge, information and belief, quotations being published or
submitted by brokers or dealers are not submitted on behalf of the Company or any Director,
Officer or any person directly or Indirectly the beneficial owner of more than 10% of the
Company.
21. Exhibits.
The Exhibits to this information Statement consists of the following:
A) Report of H. M. Richard & Associates, CPA P.C. dated May 20, 2000 on Financial
Statement for the years ended March 31, 2000 and accompanying Balance Sheet, Statement
of Income, Statement of Stockholders' Equity, Statement of Changes in Financial Position and
Notes.
B) Certificate of Incorporation
C) Biographies of the Registrant's Executive Officers and Directors
D) By Laws
Biographies of the Registrant's Executive Officers and Directors
MR. FRANK OLSEN
President and Director
He was born into a family bakery business, taking over the management and operation of 60
employees at the early age of sixteen after the unexpected passing of his father. He sold the
business at the age of 23 and, during its operation, increased the annual income twelve times. He
attended the University of Washington. For several years, he acted as consultant to Boeing
Company in the Salvage and Surplus Department. Mr. Olsen took advantage of the opportunity
to buy several broadcasting companies through the federal bankruptcy courts and have profitably
operated and resold both radio and television stations during his years in business.
MARION M. SHERMAN, MD
Vice President and Director
He was born in Hampton, Virginia on February 13th 1928. He has two children. His education is
as follows:
High School:Hampton High School Graduation 1945
College:University of Virginia BA1945-1948
University of Virginia Medical School 1948-1952
University of Texas,
Internship:John Sealy Hospital, Galveston, TX 1952-1953
Obstetrics and Gynecology
University of Florida
Residency:Cornell, The New York Hospital
University of Texas, Dallas
Post Graduate Master Public Health University of North Carolina
Dr. Sherman was a United States Navy Flight Surgeon and attained Rank of Commander in 2 1/2
years. He was Flight Surgeon Air Group on Carrier USS wasp to Far East during Korea and later
on USS Intrepid to Mediterranean. His medical practice was as follows:
1959-1971 Cape Canaveral at Cocoa Beach, Florida
1972-1977 Palos Verdes, California area
1977-1998Palm Desert and Palm Springs area
He belongs to the American College of Obstetrics and gynecology Diplomat and Board Certified
American Board of Obstetrics and Gynecology. Dr. Sherman has also engaged in multiple civic
societies and has traveled throughout the world.
RENE SCHENK
Secretary/Treasurer and Director
Mr. Schenk is an international financial executive with over 30 years of experience. A native of
Holland, Mr. Schenk graduated from the University of Birmingham, England with a degree in
Economics. He emigrated to the United States in 1967 and began hs career as a staff accountant
with Emerson Electric Company ending up as the Regional Controller of this company in charge
of all administrative and financial functions in the seven western states. Following a brief
relocation to the east coast in 1982, Mr. Schenk accepted the position of Regional Controller of
Magic Chef (currently Maytag) in charge of all operations of a $200 million region of this major
appliance manufacturer.
As a result of Mr. Schenk's experience as a seasoned financial executive and his ability to act as a
mediator between diverse management groups, as well as his ability to speak several languages,
Mr. Schenk was recruited to become Vice President and CFO of Delta Lithograph Company, a
division of Bertelsmann AG, the European entertainment and publishing conglomerate, where he
not only served in various capacities as a liaison between the European and American
Management.
Prior to coming to Triangle Multi-Media Limited, Mr. Schenk was a highly successful consultant
in the publishing, printing and entertainment industry. Mr. Schenk serves on the board of
directors of an independent investment group and is a member of various charitable organizations.
Mr. Schenk has been married for 22 years and resides in the Palm Springs Area.
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