Tivus Announces First 300 Rooms Live at Host Hotels & Resorts Property
March 30 2011 - 2:03PM
Marketwired
Tivus, Inc. (PINKSHEETS: TIVU) today announced successful
deployment of its new Internet-based, in-room content-on-demand
(COD) systems in more than 300 rooms of a 1408 room Host Hotels
& Resorts, Inc. property in downtown Philadelphia,
Pennsylvania.
"With more than 300 rooms now live and experiencing regular
guest traffic, Tivus' pure IP-based COD IPTV system has already
been enjoyed by thousands of hotel guests," commented Shiva
Prakash, Tivus' president and chief executive officer.
"It is important to understand Tivus' business model relies on
ad-revenue, not video-on-demand. To illustrate how such a model
works, we have provided an example here (note: this link is an
example of our revenue model, not projections for a specific
installation.)"
Previously, in a March 2, 2010, press release, the Company
announced it had entered into a memorandum of understanding (MOU)
to deploy its new Internet-based, in-room content-on-demand (COD)
systems in certain Host Hotels & Resorts, Inc. properties.
"This milestone represents one-quarter of the property's total
room count. As our installation technicians are working in tandem
with the hotel's remodeling crews, we currently still expect
completion in late summer," Prakash concluded.
"Our IP-based 'backbone' has been performing well," commented
Randall Francis, Tivus' chief technology officer. "Due to the
efficiency of our IP-based high-definition content distribution, it
ensures an enjoyable, uninterrupted in-room entertainment
experience."
Tivus continues leading the industry advancing its new HD IPTV
entertainment system for the hotel/hospitality industry and
creating a new revenue source from the hotel's in-room televisions
through ad-revenue sharing. In this way, hotels are no longer
dependent on currently declining pay-per-view movie sales.
Moreover, Tivus offers full customization of the content for its
clients, including the option of omitting any objectionable content
at no additional premium.
About Tivus, Inc. Tivus, Inc. is a
technology entertainment services company providing internet-based
TV and Cable programming, interactive game content, and goods &
services to the hotel/hospitality industry. Tivus' unique HD IPTV
system is a complete hotel entertainment platform that, for the
first time in the industry, generates previously untapped income
for the hotel through ad-revenue sharing. For more information,
please visit www.tivus.com and www.tivusconnect.com, or check us
out on Facebook.com/TivusConnect or on Twitter @TivusInc.
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with shareholders in an open and direct manner. Comments are based
on current management expectations, and are considered
"forward-looking statements," generally preceded by words such as
"plans," "expects," "believes," "anticipates," or "intends." We
cannot promise future returns. Our statements reflect our best
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and/or Securities and Exchange Commission.
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Media Relations: Steven Haag (832) 413-6206
stevehaag@tivus.com