The Radisson Hotels in Fort Worth, Texas Select Oxford Media's Video-On-Demand Services
The Radisson Hotels in Fort Worth, Texas Select Oxford Media's Video-On-Demand Services
IRVINE, Calif., Aug. 14 /PRNewswire-FirstCall/ -- Oxford Media, Inc. (BULLETIN BOARD: OXMI) , a leading developer of scalable, turnkey hybrid digital VOD and PPV entertainment systems, announced today it has signed agreements with the two Radisson Hotels in Fort Worth, Texas, through one of its Platinum Dealers, HospitaliTV, LLC for digital Video-on-Demand and Pay-Per-View entertainment totaling 494 rooms. Installation is scheduled for completion in August 2006.
"We are excited about our upcoming installations in the Fort Worth, Texas area, beginning with the Radisson Hotels, which are in a prime location of major hot spots such as Fort Worth's Cultural District, Stockyards and the 2nd highest ranked zoo in the nation. The hotelier is pleased about adding Oxford Media's VOD as an amenity and as a revenue generating source. This is a very well positioned product and partnership," said Justin Godsey, COO of HospitaliTV, LLC.
"HospitaliTV has been one of our pioneer dealers and our partnership has been rewarding to date, we are pleased to have them aboard adding value to hoteliers while providing guests a beneficial amenity," said Rick Shafer, EVP of Sales, 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 Radisson Hotels. 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 scalable, turnkey hybrid digital VOD and PPV entertainment systems. Its systems offer hotel guests a variety of video content on-demand including the latest first-run Hollywood Movies, while providing hotel owners with a positive return on invest from the systems. Oxford Media's market is mainly 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. http://www.oxfordmediainc.com/
Note: All Oxford Media, Inc. issued press releases appear on the Company's website (http://www.oxfordmediainc.com/). Any announcement that does not appear on the Oxford Media, Inc. website has not been issued by Oxford Media, Inc.
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.
Investor Contact:
Oxford Media, Inc.
Lisa Marie Laurenzano, VP of Investor Relations
(949) 579-1523
lisamarie@oxfordmediainc.com
or
The Del Mar Consulting Group, Inc.
(858) 794-9500
bprag@delmarconsulting.com
Source: Oxford Media, Inc.
CONTACT: Lisa Marie Laurenzano, VP of Investor Relations, Oxford Media,
Inc., +1-949-579-1523, lisamarie@oxfordmediainc.com; or The Del Mar Consulting
Group, Inc., +1-858-794-9500, prag@delmarconsulting.com
Web site: http://www.oxfordmediainc.com/
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