OMAHA, Neb., Aug. 28, 2012 /PRNewswire/ -- TiVUS, Inc. (OTCPK: TIVU), a leading U.S. hotel technology IPTV company, today announced its first contract in the Asia Pacific region with Neesa Leisure Ltd. (NLL), which owns and operates hotel properties in India under the brand name "CAMBAY Hotels & Resorts."
Tivus USA, through a joint venture with Tivus Smartv India Pvt Ltd (TSIL), has been working with NLL for the last year negotiating this contract. TSIL will provide financing for installation in the 10 hotels served under this contract. The installation will begin in the next 30 days with the required management already hired by TSIL for the Asia deployment.
"This contract was won in a very competitive marketplace. It demonstrates the value of our content distribution and the return on investment that TiVUS technology delivers to hotels in the Asia market. This is an exciting milestone for TiVUS. We're committed to further expansion in Asia and look forward to announcing additional contracts soon," commented Shiva Prakash, CEO of TiVUS, Inc.
TiVUS recently announced the start of its operations in the Asia Pacific region, which has provided hotel chains significant growth opportunities. The top ten leading chains have a total inventory of more than 770,000 rooms under management as of 2011 with likely plans for another 1 million rooms in the next 3-4 years. TiVUS is very pleased to be a part of this growth, a lucrative revenue source for the company.
For more information on TiVUS and the company's plans for growth in Asia, keep connected at www.tivus.com or www.tivusconnect.com. You can also follow us at www.facebook.com/TIvusConnect or via Twitter @TivusInc.
About TiVUS, Inc.
TiVUS, Inc. is a hotel technology entertainment services company providing internet-based TV and cable programming, interactive game content as well as other goods and 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 hotels through ad revenue sharing.
Media Contact: Shiva Prakash, [email protected], 402.507.5076.
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.