SOURCE: Tivus, Inc.
OMAHA, NE–(Marketwire – September 8, 2010) – Tivus, Inc. (
“I am pleased to announce, after carefully considering our shareholders’ feedback, our board has approved a significant reduction in our authorized common share count,” commented Shiva Prakash, Tivus’ president and chief executive officer. “Although I have always maintained a commitment to grow Tivus with careful attention to non-accretive use of Company capital, I believe this gesture offers shareholders substantive confirmation of management’s attention to shareholder value.
“The dramatic reduction in our authorized common share count will also enable the company to attract a larger and more diverse shareholder base, laying the needed groundwork for serious future institutional investment.
“I expect an updated OTC Markets Information Statement to be soon completed as well as amending and filing the reduction in authorized shares to our Corporate Charter with the Secretary of State,” Prakash concluded.
About Tivus, Inc.
Tivus, Inc. is a technology entertainment services company that provides internet-based TV and Cable programming, interactive game content, and goods & services to the hotel/hospitality industry. Using onsite hardware and software, including ultra-modern flat screen televisions, Tivus offers hotel guests secure broadband connectivity to the Internet via a proprietary Network Operations Center, allowing Tivus to uniquely monitor, protect and track each customer transaction. Tivus not only provides its customers a turnkey entertainment solution for its guests, for the first time, the hotel’s entertainment system will be a multifaceted platform in which to generate previously untapped revenues through commercial spots, advertisements of local tourist services, and hotel promotions, etc. For more information, please visit www.tivus.com.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. 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 or alter forward-looking statements as the result of new information or future events. We urge investors to review the risks and uncertainties contained within its filings with the OTC Markets and/or Securities and Exchange Commission.