OMAHA, Neb., Oct. 20, 2011 /PRNewswire/ -- TiVUS, Inc. (PK:
TIVU), today released updated information on ongoing sales and
installations initiatives, as well as the company's regulatory
compliance activities.
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"I would like to update TiVUS friends and shareholders on a
number of new and ongoing projects of interest to all," commented
Shiva Prakash, TiVUS' president and chief executive officer.
"Foremost, I would like to relay that we are awaiting the return
of an executed five-year, multi-million dollar contract from Host
Hotels & Resorts ("Host") for the fully operational
high-definition ("HD") internet-protocol television ("IPTV")
platform with TiVUS' proprietary ad-insertion system. The inaugural
installation is currently running in Host's premier 1408-room
downtown Philadelphia hotel
property adjacent to the convention center."
Announced early this year, TiVUS has developed and completed
installation of a first-in-class HD IPTV ad-insertion platform
allowing Host to migrate away from its legacy video-on-demand
service. The move comes at the same time Marriott Corporation
announced it had instituted a "no adult-content" policy phased in
over the next few years in all of its properties.
With hotel room demand and rates continuing to trend upward this
year, Phil Marriott, TiVUS'
executive vice-president of global sales, reported, "We have had
remarkable success courting a customer with a string of properties
in the Western U.S., and I expect this to come to fruition in the
near future. Although not yet a paper contract, I am very
optimistic – this was a lead from our recent meetings in
Austin, Texas.
"Although the sales team has been courting scores of other
properties, I believe the convergence of Host's acceptance of our
HD IPTV with ad-insertion platform, vis-a-vis room occupancy rates
trending nicely upward and hotel chain mandates to upgrade to HDTV,
bodes extremely well for our sales strategy going forward,"
Marriott concluded.
Prakash continued, "Also, I am happy to report installation of
our HD IPTV platform at the 435-room downtown Doubletree Hotel in
Omaha, Nebraska, has begun; I
expect progress updates as we move forward in much the same fashion
as we did with the recent Host installation. The Omaha installation will be the most advanced
TiVUS HD IPTV system to-date, with many advanced features not seen
before in the industry – we expect this installation will be our
'technological showcase' for the next 12-18 months.
Steve Haag, investor relations
and administration for TiVUS, reports, "After numerous audit
activities, I am comfortable at present reporting I expect
completion of the audit proper in the very near future, possibly
around the beginning of November, maybe sooner. We have
employed an enormous amount of time, energy, and resources to
ensure we maintain a transparent, publicly auditable company. We
intend to file a registration statement immediately following to
become compliant with the fully reporting standards of the United
States Securities and Exchange Commission ("SEC")."
"Right now, the dearth of news lately belies recent progress.
With TiVUS' industry board chair Doug
Marriott's guidance, all of our efforts over the past
two-plus years to build and deploy TiVUS' 'game-changing' hotel HD
IPTV entertainment platform are now beginning to make important
inroads with the world's leading hotels, resorts, and casinos,"
Prakash concluded.
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.wordpress.com,
www.facebook.com/tivusconnect or www.twitter.com/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.
Media Relations:
Steven Haag
(832) 413-6206
stevehaag@tivus.com
SOURCE TiVUS, Inc.