Holiday Inn Express Selects Oxford Media's Video-on-Demand
Holiday Inn Express Selects Oxford Media's Video-on-Demand
IRVINE, Calif., March 31 /PRNewswire-FirstCall/ -- Oxford Media, Inc. (BULLETIN BOARD: OXMI) , a secure digital communication and technology company, announced today it has signed an agreement with the Holiday Inn Express (Frisco, Texas), through one of its Platinum Dealers, Gold Star Systems for digital Video-on-Demand and Pay-Per-View entertainment to its 61 rooms. Installation is scheduled to be completed in April 2006.
"Oxford Media's VOD service has accelerated our sales in offering an underserved market something valuable to improve their bottom line while increasing customer satisfaction," stated Wendy Palmer, Vice President, Gold Star Systems.
"We now have an amenity our guests have requested for quite some time, and we can now compete with the larger hotel chains. This provides a great benefit to our guests, and also turns an amenity into a profit center for our property," stated Larry D. Woodward, General Manager of the Holiday Inn Express, Frisco, Texas.
As part of the Agreement, Oxford Media was granted "rooftop rights" to install a WiMAX antenna or similar transmitting/receiving device on the rooftop of the Holiday Inn Express. The sole consideration to be paid by Oxford Media for these rooftop rights will be a percentage of future revenue derived from the antenna, which is to be negotiated.
About Oxford Media, Inc.
Oxford Media is a leading developer of digital VOD and PPV entertainment systems that are scalable and turnkey offering hotel guests a variety of video content on-demand including the latest first-run Hollywood Movies, while giving a ROI to property owners. Oxford Media's market is comprised of small and mid-sized hotels and motels -- a segment of the hotel industry previously underserved and unable to offer such services to their guests. This targeted market of hotel properties between 50 to 300 rooms, comprises over 2.4 million hotel rooms in the U.S. and represents approximately 56% of the total hotel market.
Oxford's wholly owned subsidiary Creative Business Concepts, Inc. is a wireless and business systems provider specializing in WiFi/WiMAX, IT Security and IT Integration, and Telecom. As part of these service offerings, CBC designs and installs specialty communication systems for data, voice, video, and telecom. www.oxfordmediainc.com
Special Note Regarding Forward-Looking Statements: Statements in this news release about anticipated or expected future revenue or growth or expressions of future goals or objectives, including statements regarding whether current plans to grow and strengthen the Company's existing business, are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements in this release are based upon information available to the Company on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that the Company will be unable to grow or strengthen its business due to a lack of capital or an inability to identify acquisition candidates and that the Company may not realize anticipated cost savings or revenue growth opportunities associated with any acquisitions, planned or otherwise. Additionally, forward-looking statements concerning the performance of the Company's business are based on current market conditions and risks, which may change as the result of certain regulatory, competitive or economic events, as well as those risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, which could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.
Contact:
Investor Relations:
Oxford Media, Inc.
Lisa Marie Laurenzano
(949) 579-1523
lisamarie@oxfordmediainc.com
or
The Del Mar Consulting Group, Inc.
(858) 794-9500
bprag@delmarconsulting.com
or
Redwood Consultants
(415) 884-0348
investorinfo@redwoodconsultants.com
Source: Oxford Media, Inc.
CONTACT: Investor Relations, Lisa Marie Laurenzano of Oxford Media,
Inc., +1-949-579-1523, lisamarie@oxfordmediainc.com; or Investor Relations,
The Del Mar Consulting Group, Inc., +1-858-794-9500,
bprag@delmarconsulting.com, for Oxford Media, Inc.; or Investor Relations,
Redwood Consultants, +1-415-884-0348, investorinfo@redwoodconsultants.com, for
Oxford Media, Inc.
Web site: http://www.oxfordmediainc.com/
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