OMAHA, Neb., Aug. 23, 2012 /PRNewswire/ -- TiVUS, Inc. (OTCPK: TIVU), a leading hotel technology IPTV company, today announced it has started operations in the Asia Pacific region. This region has provided hotel chains significant opportunities for growth. The top ten leading groups have cumulated a total inventory of more than 770,000 rooms under management as of 2011. The region will likely add another one million rooms in the next 3 to 4 years and TiVUS plans to be a part of that growth.
After completing a detailed market survey for the last few months, TiVUS is proud to announce it has begun operations in Asia. "This region will be a very lucrative source of revenue for TiVUS," commented Shiva Prakash, TiVUS' chief executive officer. The Asia Pacific region is a multi lingual market with diversified guest profiles. TiVUS Ad-insertion technology platform with built-in business intelligence is a perfect match for such markets. TiVUS has already secured several regional content licenses for premium content distribution. Initially the Asia Pacific operations will be based in New Delhi – India. Additionally, TiVUS expects to announce new team members and additional contracts from the Asia Pacific region.
In other news, on August 21st of this year, TiVUS held an interactive conference call with its valued shareholders. The in-depth conversation between management and shareholders was very informative and thus helpful in understanding the company's current & future plans. We were very pleased to hear the feedback from our shareholders that they were very excited to hear about the new opportunities, products and new team members at TiVUS, Inc.
About TiVUS, Inc.
TiVUS, Inc. is a hotel 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 Facebook.com/TivusConnect or on Twitter @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 Securities and Exchange Commission.
Contact: Shiva Prakash, (402) 507-5076, [email protected]
SOURCE TiVUS, Inc.