OMAHA, Neb., Aug. 2, 2011 /PRNewswire/ -- TiVUS, Inc. (PINKSHEETS: TIVU) today announced it has completed deployment of its new television ad-insertion technology at the Company's inaugural HD IPTV in-room entertainment installation in a 1408 room Host Hotels & Resorts property in downtown Philadelphia.
"I am pleased to announce the successful completion of Phase II development in Philadelphia; our ad-insertion technology is installed and ready to intertwine TiVUS-controlled television ads within the regular broadcast stream of free-to-guest cable channels such as ESPN® and The Discovery Channel®," commented Shiva Prakash, Tivus' president and chief executive officer.
"A hospitality industry first, ad-supported IPTV gives hotels new revenue sources and more programming choices. Hotels can now migrate away from legacy video-on-demand systems, earn significant ad-revenue, and increase guest satisfaction by now offering a more home-like experience.
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.
"At present, we remain on-track for a late August completion of Philadelphia, our Omaha installation appears to be gearing-up, and we remain optimistic Host will soon execute the final clause of our MOU and move forward deploying TiVUS HD IPTV™ in its top U.S. and international properties," 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. 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.