Microtel Inn & Suites and Safar Inn Select Oxford Media's Video-on-Demand Services
Microtel Inn & Suites and Safar Inn Select Oxford Media's Video-on-Demand Services
IRVINE, Calif., May 3 /PRNewswire-FirstCall/ -- Oxford Media, Inc. (BULLETIN BOARD: OXMI) , a secure digital communication and technology company, announced today it has signed an agreement with the Microtel Inn & Suites (Tampa, FL) and Safar Inn (Clearwater, FL), through one of its Platinum Dealers, Y-Max Media LLC for digital Video-on-Demand and Pay-Per-View entertainment. Installation is scheduled to be completed in May 2006.
"We have seen a dramatic increase in the number of hotels interested in Oxford Media's VOD and PPV services. This system provides an excellent answer for the medium to large hotels looking to increase revenue and guest services with a turn-key solution and an immediate ROI," said Mike Wallick, President, Y-Max Media LLC. "The Safar Inn selected Oxford Media's VOD system due to its seamless integration with their current FTG services. With a multitude of available configurations and the interaction with their Property Management System, the decision to go with Oxford Media was an easy one."
"We are especially pleased to issue this announcement as it represents our 20th property we have publicly announced since implementing our dealer program. This brings our publicly announced room total to 1,801. Not including the system sales, we would expect these rooms to generate approximately $40,000 per month in gross recurring monthly revenue. In addition to these hotels, we have many unannounced properties under contract with a growing pipeline," said Lew Jaffe, CEO of Oxford Media, Inc.
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 Microtel Inn & Suites and Safar Inn. 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.
(949) 341-0050
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, Oxford Media, Inc., +1-949-341-0050,
lisamarie@oxfordmediainc.com; or The Del Mar Consulting Group, Inc.,
+1-858-794-9500, bprag@delmarconsulting.com, Investor Relations for Oxford
Media, Inc.; or Redwood Consultants, +1-415-884-0348,
investorinfo@redwoodconsultants.com, Investor Relations for Oxford Media,
Inc.
Web site: http://www.oxfordmediainc.com/
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