NTN Communications Signs Substantial Software License Agreement With Major Hospitality Operator
NTN Communications Signs Substantial Software License Agreement With Major Hospitality Operator
Contract Is Expected to Become the Largest Software License Ever Signed by NTN
CARLSBAD, Calif., June 22 /PRNewswire-FirstCall/ -- NTN Communications, Inc. (AMEX:NTN), a leader in interactive communications and entertainment products for the home and for the hospitality industry, announced today that it has signed an agreement with a major hospitality operator for licensing of its RSViP(R) Reservation Management System software. The contract is expected to bring NTN over $1 million in license, installation and maintenance revenues in the coming 12 months. The ultimate value of the agreement will be determined by the number of operator locations that elect to install the system and the extent of expanded products and services ordered.
The RSViP Reservation Management System allows reservations for all property restaurants to be made in real time from any property restaurant and from dozens of satellite locations on and off the property. The RSViP System is currently in use at over 300 locations in North America and is being marketed to hotels, casinos, theme parks and fine dining restaurants nationwide.
About NTN Communications
Based in Carlsbad, CA, NTN Communications, Inc. is the parent corporation of the NTN Hospitality Technologies(TM) segment and Buzztime Entertainment, Inc., a subsidiary. The NTN Hospitality Technologies segment, which focuses on integrated front-of-house solutions for the hospitality industry, is comprised of the NTN iTV Entertainment Network, NTN Wireless Communications, Inc., and NTN Software Solutions, Inc. NTN Hospitality Technologies provides services and products to leading restaurants such as The Cheesecake Factory, Darden Restaurants, Domino's Pizza, Gaylord Entertainment, TGI Friday's and more. Buzztime Entertainment, Inc. produces Buzztime(R), the interactive trivia channel, and live sports prediction games such as QB1(R) from its live interactive broadcast studio. Buzztime's partners include: Scientific- Atlanta, Inc., Media General, Inc., Comcast Cable, Airborne Entertainment and the National Football League. For more information, please see www.ntn.com.
Except for historical information contained herein, this release contains forward-looking statements which reflect management's current views of future events and operations, including, but not limited to, statements pertaining to extent of installation and use of the Company's RSViP(R) Reservation Management System software, all of which are subject to risks and uncertainties, including the risks of changing economic conditions, product demand and market acceptance, and the impact of competitive products and pricing. Other important factors that may cause actual results to differ materially from the forward-looking statements are discussed in the "Risk Factors" section and other sections of NTN's Form 10-K/A for the year ended December 31, 2004 and the Company's registration statement on Form S-3 (File No. 333-33078), which are on file with the Securities and Exchange Commission. NTN does not undertake to publicly update or revise any of its forward-looking statements even if new information or future events show that the indicated results or events will not be realized.
CONTACT:
Andy Wrobel
Chief Financial Officer
NTN Communications, Inc.
(888) 752-9686
Andy.Wrobel@ntn.com
Source: NTN Communications, Inc.
CONTACT: Andy Wrobel, Chief Financial Officer of NTN Communications,
Inc., +1-888-752-9686, Andy.Wrobel@ntn.com
Web site: http://www.ntn.com/
-------
Profile: intent
0 Comments:
Post a Comment
<< Home