SOURCE: Tivus, Inc.
OMAHA, NE–(Marketwire – September 30, 2010) – Tivus, Inc. (
“Typically, once a change is submitted to the Secretary of State, processing and completion of the share reduction in a Corporate Charter can take a few weeks to be officially accessible,” commented Shiva Prakash, Tivus’ president and chief executive officer. “I look forward to updating shareholders once I have confirmation from the Secretary of State of its successful filing.
“In addition, Tivus is moving ahead executing its business plan to install its unique-to-the-hotel-industry HD IPTV network. Our sales team has been met with enthusiastic acceptance of Tivus’ new revenue sharing-based paradigm — turning what was once a major hotel capital expenditure that produced little to no revenue, into a significant profit center.
“We are excited to have recently signed the Omaha Doubletree®, and I expect announcements of new properties and other hotel chains to follow as we complete advanced discussions with a number of key targets,” 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.
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