POOL SAFE PARTNERS WITH GLOBAL RESORT AND CASINO OPERATOR FOR LAS VEGAS PROPERTY
March 26 2019 - 11:56AM
InvestorsHub NewsWire
POOL
SAFE PARTNERS WITH GLOBAL RESORT AND CASINO OPERATOR FOR LAS VEGAS
PROPERTY
TORONTO, ON, CANADA -- March 26, 2019 --
InvestorsHub NewsWire -- Pool Safe Inc. ("Pool Safe” or
the “Company”)
(TSXV: POOL) is pleased to announce that it has entered
into a Revenue Share Partnership with one of Las Vegas’s premier
global resort and casino operators.
Under the terms of the agreement, Pool Safe will provide and deploy
34 PoolSafes in all the cabanas of the Las Vegas-based
property. The installation of the PoolSafes has been
completed, and the Company expects operations to commence before
the end of the month. As with all Pool Safe revenue share
agreements, the Company will fund the production, delivery and
integration of the PoolSafes at the property. In return, the
PoolSafes will be deployed in VIP seating locations, with the
Company receiving 60% of the daily rental revenues.
Based upon historical revenue increases generated from similar
high-end locations, Pool Safe expects to install many more PoolSafe
units to other properties owned by the resort operator over the
course of the year.
“This particular property will be a wonderful Las Vegas proving
ground for our PoolSafes”, said David Berger, CEO of Pool
Safe. He continued, “the Las Vegas strip and their many
magnificent hotels and resorts will benefit greatly from the added
level of luxury and security the PoolSafe units provide.”
Pool Safe
Inc.
Pool Safe Inc. designs, develops and distributes a product known as
the “PoolSafe”, which functions as a multi-purpose personal
poolside attendant. The PoolSafe is designed to provide safety,
convenience and peace of mind for hotels, resorts, waterparks and
cruise ship guests. Functions include: lockable safe, solar-powered
charger for USB compatible electronic devices including phones and
tablets in addition to a server call-button, a beverage cooler and
holders. Conveniently located alongside pool or beach lounge
chairs, PoolSafe is a unique way of providing vacationers with a
comforting sense of security for their belongings, while they enjoy
their vacation. For more information please
visit www.poolsafeinc.com.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this
release.
Pool Safe Inc. is a fully reporting publicly traded company which
is listed on the TSX Venture Exchange under the symbol POOL.
Cautionary
Statements
Certain
statements contained in this press release constitute
forward-looking information. These statements relate to future
events or future performance. The use of any of the words "could",
"intend", "expect", "believe", "will", "projected", "estimated" and
similar expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on the Corporation's current belief or
assumptions as to the outcome and timing of such future
events. The forward-looking information contained in this
release is made as of the date hereof and the Corporation is not
obligated to update or revise any forward-looking information,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws. Because of the
risks, uncertainties and assumptions contained herein, investors
should not place undue reliance on forward-looking information. The
foregoing statements expressly qualify any forward-looking
information contained herein.
Pool
Safe Inc.
Steven Glaser
Chief Operating Officer
E: sglaser@poolsafeinc.com
T: 416-630-2444
Pool Safe (TSXV:POOL)
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