TiVUS Successfully Deploys Ad-Insertion System at Philadelphia Hotel Property
TiVUS Successfully Deploys Ad-Insertion System at Philadelphia Hotel Property
-- Company's IPTV ad-insertion a hospitality industry first --
OMAHA, Neb., Aug. 2, 2011 /PRNewswire/ -- TiVUS, Inc. (PINKSHEETS: TIVU) today announced it has completed deployment of its new television ad-insertion technology at the Company's inaugural HD IPTV in-room entertainment installation in a 1408 room Host Hotels & Resorts property in downtown Philadelphia.
"I am pleased to announce the successful completion of Phase II development in Philadelphia; our ad-insertion technology is installed and ready to intertwine TiVUS-controlled television ads within the regular broadcast stream of free-to-guest cable channels such as ESPN® and The Discovery Channel®," commented Shiva Prakash, Tivus' president and chief executive officer.
"A hospitality industry first, ad-supported IPTV gives hotels new revenue sources and more programming choices. Hotels can now migrate away from legacy video-on-demand systems, earn significant ad-revenue, and increase guest satisfaction by now offering a more home-like experience.
TiVUS' agreement with Host Hotels to deploy its new HD IPTV systems in Host properties was previously announced in March of this year. Host Hotels & Resorts, Inc., an S&P 500 and Fortune 500 company, is the largest lodging real estate investment trust (REIT) and one of the largest owners of luxury and upper-upscale hotels.
"At present, we remain on-track for a late August completion of Philadelphia, our Omaha installation appears to be gearing-up, and we remain optimistic Host will soon execute the final clause of our MOU and move forward deploying TiVUS HD IPTV(TM) in its top U.S. and international properties," 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.
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. 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 United States Securities & Exchange Commission.
Media Relations:
Steven Haag
(832) 413-6206
stevehaag@TiVUS.com
SOURCE TiVUS, Inc.
TiVUS, Inc.
Web Site: http://www.tivus.com
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