Tivus, Inc. (PINKSHEETS: TIVU) today commented on its first quarter
2011 progress deploying the hotel industry's first Internet-based,
in-room, high-definition (HD), Internet-protocol television (IPTV)
content-on-demand (COD) system in 2,500 hotel rooms.
"The first quarter has ended with our pioneering HD IPTV COD
system live in more than three-hundred rooms and has already been
enjoyed by tens-of-thousands of hotel guests," commented Shiva
Prakash, Tivus' president and chief executive officer. "The first
quarter of 2011 has exceeded our expectations, while the entire
company has been at work on multiple, concurrent initiatives.
"The highpoint of our fiscal 2011 first quarter was our
execution of a memorandum of understanding (MOU) to deploy our new
IP-based, in-room HD IPTV COD systems in Host Hotels & Resorts,
Inc. properties. An S&P 500 and Fortune 500 company, Host is
the nation's largest lodging real estate investment trust
(REIT).
"Within 10 days of the Host Hotel agreement, the Company
announced an HD IPTV COD system installation was underway in a
downtown Philadelphia, Pennsylvania, 1408 room Host hotel property.
To-date, the company has entered into agreements for 2,500 hotel
rooms; and, with more than 300 rooms installed during the first
quarter, we expect three times, or more, that number of rooms to go
live during the second quarter.
"The company also released revenue examples of its ad-revenue
sharing business model. To illustrate, we have provided an example
here*. Using data from the chart, we find a fully implemented Tivus
HD IPTV COD system, generating an average of $3.50 per-day,
multiplied by 365 days, equals annual gross revenues of $383,250
for every 300 rooms, or $1,277,500 for every 10000 rooms.
"Tivus also commenced with the Doubletree® Hotel & Executive
Meeting Center Downtown project in Omaha, Nebraska. Upon receipt of
more than $300,000 from the Doubletree recently, the company
ordered approximately 450 Tivus-brand HD IP-based televisions with
integrated set-top boxes. Currently, we have confirmed that the
shipment is in route to the United States and we expect delivery
within the next three weeks.
"In other corporate progress, the Company successfully completed
its initiative to attain GAAP compliance. With that completed, the
filing of our attorney's opinion completed the requirements for
Tivus to attain full 'PS' or Pink Sheets Current Information
Status. Upon completion of the Company's audit this quarter, we
intend to file for up-listing.
"The Company also announced the launch of its advanced,
Internet-based in-room video-on-demand (VOD) system enabling hotel
customers to select and control available content providing a
family-friendly guest entertainment. Tivus' HD Internet-based VOD
system empowers our hotel customers to perfectly tailor the
entertainment content to best suit the hotel's brand experience and
their guests' tastes and needs.
"In addition, we formed a strategic partnership with Falcon
IP/Complete, a proven HD IPTV engineering and systems integration
solutions provider, to integrate and install Tivus'
unique-to-the-industry HD IPTV COD entertainment system.
"2011 has already seen remarkable progress in the execution of
our hotel entertainment business plan; finally, I look forward to
soon sharing a new Company milestone as well as another Tivus
first-in-class innovation," Prakash concluded.
About in Host Hotels & Resorts, Inc.
in Host Hotels & Resorts, Inc. controls properties in 25 states
and Washington, D.C. and partners with some of the most
well-recognized names in the industry such as Marriott®,
Ritz-Carlton®, Westin®, Sheraton®, Hyatt®, Four Seasons® and
Hilton®, to name just a few.
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.
One of our most important responsibilities is to communicate
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
judgment at the time they are issued, and we disclaim any
obligation to update forward-looking statements as the result of
new information or future events. We urge investors to review the
risks and uncertainties within its filings with the OTC Markets
and/or Securities and Exchange Commission.
*(Note: this link is an example of our revenue model, not
projections for a specific installation.)
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Media Relations: Steven Haag (832) 413-6206
stevehaag@tivus.com