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Engineered Business Systems Selected for GNMA Contract.


COCONUT CREEK, Fla.--(BUSINESS WIRE)--Oct. 26, 1998--Triangle Imaging Group Inc. (OTC OTC

See: Over-the-counter.


OTC

See over-the-counter market (OTC).
 BB:TRIG) announced that its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 Engineered Business Systems Inc. (EBS See Swiss Electronic Bourse.

EBS

See electronic blue sheet (EBS).
) has been selected as one of four companies to service a $6.7 million Government National Mortgage Association (GNMA GNMA
abbr.
Government National Mortgage Association
) consulting and educational program.

The selection process considered the qualifications and expertise of the personnel at each bidding firm that will provide the respective services. Rebecca Walzak, VP of Consulting Services and William Heyman, senior advisor In some countries, a Senior Advisor is an appointed position by the Head of State to advise on the highest levels of national and government policy. Sometimes a junior position to this is called a National Policy Advisor.  at EBS are two individuals who stood out as respected industry leaders.

EBS will provide market research, consulting, training, and educational services estimated at over $1.6 million over a three-year period. "As described in the initial RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system.

1. (business) RFP - Request for Proposal.
2.
, GNMA's focus is to redesign the current operational processes in order to attract more lender participation, including minority and women-owned firms. The expertise and experience of key EBS personnel is well-suited to this task," said Rebecca Walzak.

Harold S. Fischer, president of Triangle, stated, "This contract, the first government contract for EBS, confirms our belief that the consulting division, led by industry-recognized individuals will be yet another substantial profit center, while bringing prestige to the company and confirming our leadership position in the mortgage industry." EBS is seeking other government contracts.

Triangle is the parent of its wholly owned subsidiaries, Engineered Business Systems Inc., QuickCREDIT Corp., and MultiTask Computer Systems Inc., whose corporate resources include some of the leading figures in the computer, computer software, mortgage, finance, credit reporting and insurance fields, with both U.S. and global experience.

For more information contact Bill Whalen, Shareholder Services, at 954/968-2080 x302, or send e-mail to stock@trig.com, or visit our web site at http://www.trig.com.

This release may include forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 from the company that may or may not materialize. Additional factors that could potentially affect the company's financial results may be found in the company's filings with the Securities and Exchange Commission.
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Oct 26, 1998
Words:324
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