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SCHEDULE 14A
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EXCHANGE ACT OF 1934 (AMENDMENT NO. )
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<TABLE>
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</TABLE>
Triad Park, LLC
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(Name of Registrant as Specified In Its Charter)
The Kontrabecki Group, Inc.
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(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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COURT ENJOINS TRIAD PARK, ORDERS VOTE ON TKG MERGER
TO GO FORWARD
San Mateo, Calif. (March 20, 1998). A Delaware court has ordered the
upcoming meeting of Triad Park LLC shareholders to go forward by March 28 to
vote on The Kontrabecki Group's offer to acquire Triad Park for $1.65125 per
share in cash. The court also enjoined Triad Park from terminating its merger
agreement with The Kontrabecki Group in favor of a new offer, with undisclosed
and uncertain funding, from a group led by Richard C. Blum & Associates, a Triad
Park insider.
John Kontrabecki, president of The Kontrabecki Group (TKG), said: "We are
delighted that the court has given Triad Park shareholders the opportunity to
vote for the real and immediate value offered by TKG. The court's ruling allows
Triad Park shareholders, not the Blum group and its allies on the Triad Park
advisory board, to decide for themselves whether they prefer $1.65125 now or a
pie-in-the-sky prospect of waiting months longer for the uncertain possibility
of a few pennies more."
"Triad Park shareholders should ask themselves:
o Why hasn't the Blum group come clean on where its money is coming from?
o If shareholders vote down the TKG deal, can they count on the Blum
group's offer?
o Will the Blum group still be offering $1.74, and what will the
conditions be?
o What assurance do shareholders have that the Blum group will get any
deal done, when it was unable to complete its last lowball offer of
$1.32 for Triad Park despite five months of trying?
o How many more months will Triad Park shareholders have to wait this
time?"
"By contrast, TKG's offer is fully financed and days away from completion.
The choice is clear: real money now from TKG, or smoke, mirrors and
unsubstantiated promises of a little bit more a lot later from the Blum group."
In a related move, TKG has filed suit in federal court against the Blum
group alleging violations of the federal securities laws. TKG has asked the
federal court to require the Blum group to disclose where the money for its bid
will come from. Said Kontrabecki: "Shareholders are entitled to know where the
Blum group will get the money to deliver on its offer. Shareholders are entitled
under the federal securities laws to see that the emperor has no clothes. We are
determined to force the Blum group to come clean so that Triad Park shareholders
vote on the TKG merger with full knowledge."
For additional information and copies of court filings, Triad Park
shareholders may contact Mark Harnett of MacKenzie Partners, 212-929-5877, or
John Kontrabecki at 650-372-1222.
