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TiVUS Launches Ku-band Hotel Satellite Feed
Company now an independent media content provider
OMAHA, Neb., Nov. 18, 2011 /PRNewswire/ -- TiVUS, Inc. (OTCPK: TIVU) today announced its agreement with a leading digital media services company securing broadcast rights agreements for all needed cable channels and premium content providers; and, TiVUS' HD content is now delivered via its new private Ku-band satellite feed of hotel HD IPTV television content. The partner's name has been withheld for competitive reasons.
"I am pleased to announce this important technology partnership," commented Shiva Prakash, TiVUS' chief executive officer. "This new partnership replaces our former agreement with EchoStar®, who announced in August it was to electively begin shutting down its satellite-based IPTV delivery service, ViP-TV. By the end of September, the system was completely shut-down.
"This sobering announcement came at the same time we were nearing completion of the installation at the Host Hotel property in Philadelphia. We were incredibly surprised at how our partner was able to provision our entire channel line-up in only a few weeks. By utilizing this prestigious partner, TiVUS gained enhanced technological resources as well; it now controls additional ad spaces adding 'gutter-ad' capabilities, as well as more TiVUS controlled queue-tones, which all lead to greater revenue potential."
"Our technology partner has worked with numerous middleware systems similar to ours, which allowed for the installation time to be significantly reduced," commented Randall Francis, TiVUS' chief technology officer. "A typical implementation timeline would be 120 days for such an installation like this. It took us a mere three weeks to complete, demonstrating the powerful nature of this partnership."
"With this agreement now in place, we are focusing our full efforts on selling advertisements for our system. I look forward to announcing our first advertising contracts as we gain a foothold in the valuable advertising market in Philadelphia," concluded Mr. Prakash.
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.wordpress.com, www.facebook.com/tivusconnect or www.twitter.com/tivusinc.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. 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. Our statements reflect our best judgment at the time they are issued, and 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 Securities and Exchange Commission.
Media Relations:
Steven Haag
(832) 577-2380
stevehaag@tivus.com
SOURCE TiVUS, Inc.
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