OMAHA, Neb., Aug. 28, 2012 /PRNewswire/ -- TiVUS, Inc.
(OTCPK: TIVU), a leading U.S. hotel technology IPTV company, today
announced its first contract in the Asia
Pacific region with Neesa Leisure Ltd. (NLL), which owns and
operates hotel properties in India
under the brand name "CAMBAY Hotels & Resorts."
Tivus USA, through a joint
venture with Tivus Smartv India Pvt Ltd (TSIL), has been working
with NLL for the last year negotiating this contract. TSIL will
provide financing for installation in the 10 hotels served under
this contract. The installation will begin in the next 30 days with
the required management already hired by TSIL for the Asia deployment.
"This contract was won in a very competitive marketplace. It
demonstrates the value of our content distribution and the return
on investment that TiVUS technology delivers to hotels in the
Asia market. This is an exciting
milestone for TiVUS. We're committed to further expansion in
Asia and look forward to
announcing additional contracts soon," commented Shiva Prakash, CEO
of TiVUS, Inc.
TiVUS recently announced the start of its operations in the
Asia Pacific region, which has
provided hotel chains significant growth opportunities. The top ten
leading chains have a total inventory of more than 770,000 rooms
under management as of 2011 with likely plans for another 1 million
rooms in the next 3-4 years. TiVUS is very pleased to be a part of
this growth, a lucrative revenue source for the company.
For more information on TiVUS and the company's plans for growth
in Asia, keep connected at
www.tivus.com or www.tivusconnect.com. You can also follow us at
www.facebook.com/TIvusConnect or via Twitter @TivusInc.
About TiVUS, Inc.
TiVUS, Inc. is a hotel technology entertainment services
company providing internet-based TV and cable programming,
interactive game content as well as other goods and 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 hotels
through ad revenue sharing.
Media Contact: Shiva Prakash,
investorrelations@tivus.com, 402.507.5076.
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.
SOURCE TiVUS, Inc.