OMAHA, NE -- (Marketwire) -- 04/11/11 -- Tivus, Inc. (PINKSHEETS: TIVU) today announced it has completed more than 500 rooms of its new high-definition (HD) Internet-protocol television (IPTV) content-on-demand (COD) in-room entertainment solution at a Host Hotels & Resorts property in downtown Philadelphia, Pennsylvania.
"Tivus' technical team continues the 1408 room inaugural installation of our new HD IPTV COD system in Philadelphia," commented Shiva Prakash, Tivus' president and chief executive officer. "I believe the newly remodeled rooms with our technically advanced HD IPTV COD systems are not only user-friendly, offering easily accessible connections for personal electronics, but aesthetically attractive and complement the hotel's room décor.
"Revenue examples of our unique-to-the-industry ad-revenue-based business model, are available here.* For example, a basic, fully implemented Tivus HD IPTV COD installation earning an average of $3.50 per-day generates annual gross revenues of $1.2M for every 1,000 rooms live.
"Our agreement with Host Hotels to deploy Tivus' new HD IPTV COD systems was previously announced in a March 2011 press release.
"I expect to maintain our installation schedule and meet the projected late-summer completion date. With corporate, sales, & installation activities in full swing, I look forward to soon providing further updates on this and our other initiatives," 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.com, or check us out on 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.
*(Note: this is a revenue model example, not projections for any specific installation.)
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Media Relations:
Steven Haag
(832) 413-6206
stevehaag@tivus.com
