SOURCE: DeFi Global, Inc.
Three-Year Contract With Royal Caribbean Cruise Lines Begins Generating Revenues
SCOTTSDALE, AZ–(Marketwire – October 15, 2010) – DeFi Global, Inc. (
During the quarter, DeFi completed its initial phase of a three-year contract with Royal Caribbean Cruise Lines (“RCCL”), operators of Oasis of the Seas, the world’s largest and most innovative cruise ship. DeFi successfully deployed an integrated software solution on-board Oasis of the Seas, and has begun generating revenues from the rental of dedicated iPhones powered by DeFi’s mobile application and private global Wi-Fi network. Revenues for the six months ended June 30, 2010 were $72,583, which represents only a portion of committed iPhones to RCCL. These devices are branded by RCCL under the name “Royal Connect.”
Jeff Rice, CEO of DeFi Global, Inc., said, “With the successful launch of Royal Connect, DeFi has officially transitioned from our development to commercialization phase. While we have not realized our full revenue potential from sales of Royal Connect, our business has taken a major step forward in bringing our mobile software and networked platform to market. We look forward to increasing sales from rentals and future mobile advertising on Royal Connect as well as implementing a commercial roll-out schedule to other ships in the RCCL fleet. In addition, our discussions with theme parks, venues and other businesses can lead to new orders, a more diversified customer base and strong revenue growth in 2011.”
About DeFi Global, Inc.
Founded in 2006, DeFi Global is a technology company and a global network service provider that develops and delivers a wide variety of services, applications, products and solutions for business customers. Headquartered in Scottsdale, AZ, DeFi Global leverages the carrier-grade architecture of its private IP network, and a suite of proprietary software applications in a hosted environment to deliver end-to-end communications solutions to carriers, mobile operators, cable operators, ISP’s and large enterprise businesses. DeFi launched its first customized mobile software and location-based navigational solution on-board the world’s largest cruise ship, Oasis of the Seas, through an agreement with Royal Caribbean. For more information, visit www.defiglobal.com.
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