OMAHA, Neb., Aug. 15, 2011 /PRNewswire/ -- TiVUS, Inc. (PK: TIVU), today provided a summary of its shareholder conference call hosted on Thursday, August 11, 2011, by Shiva Prakash, CEO, and Phil Marriott, EVP of sales.
The call's breakthrough announcement that TiVUS' MOU with Host Hotels & Resorts is producing its first multi-million dollar HD IPTV contract four months earlier than expected was the highpoint of Thursday's call. TiVUS reported specific details of the new five-year contract would soon be forthcoming.
"I was delighted to have been surrounded by our friends and shareholders as EVP Phil Marriott and I shared news of Host's unexpectedly welcome decision to execute its contract option for our Philadelphia HD IPTV installation -- four months early," commented Shiva Prakash, TiVUS' president and chief executive officer.
"In addition, I'd like to express my many thanks to Mr. Doug Marriott who sits on TiVUS' Industry Advisory Board; his tireless efforts advising me these two-plus years ensured we brought our shared dream to fruition -- a hospitality advertising company delivering sustainable profits through free-to-guest channel ad-insertions, allowing all content-selection decisions to be made entirely by the property as a standard feature, in a purely IP-based HDTV environment.
"Moreover, since coming on-line at the downtown Philadelphia Host property earlier this year, its staff reports maintenance calls and guest complaints are proving nearly non-existent. TiVUS HD IPTV has demonstrated it delivers unprecedented value and peace-of-mind," Prakash concluded.
The Company also updated shareholders on it sales initiatives and future contract prospects, as well as corporate progress on the Company's two-year audit now underway. TiVUS plans to soon achieve fully reporting status and qualify the Company for up-listing to a higher, SEC-regulated exchange.
Playback of the call is now available at +1 (605) 477-2199; enter passcode 1057879# when prompted to listen to a full replay of the call.
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.TiVUS connect.com, or check us out on Facebook.com/TiVUS Connect or on Twitter @TiVUS Inc.
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.
SOURCE TiVUS, Inc.