TiVUS Live in 1200 Rooms at Host Hotels and Resorts Property
-- Company nears completion of phase II development --
OMAHA, Neb., July 28, 2011 /PRNewswire/ -- TiVUS, Inc. (PINKSHEETS: TIVU) today announced it is now live in 1200 rooms of the 1408 room downtown Philadelphia hotel property operated by Host Hotels and Resorts, and reports it is nearing completion of its inaugural TiVUS HD IPTV™ installation.
"I am pleased to report we remain on schedule for completion of the Philadelphia installation in late August," commented Shiva Prakash, TiVUS' president and chief executive officer. "The system itself can safely be called a 'hit' with both staff and guests at the hotel property.
"With hundreds of rooms operating since early this year, hard customer satisfaction data measured by number of guest issues and complaints with TV equipment have shown significantly above-average satisfaction as compared to the same period last year, while technical issues for the same period have been markedly below average with 86% resolved as user error."
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.
"I look forward to soon announcing completion of Philadelphia, as well as commencement of our Omaha installation, and others," 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. 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 United States Securities & Exchange Commission.
SOURCE TiVUS, Inc.
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