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Wed, April 1, 2009 Roomlinx, Inc.: Roomlinx Posts Interactive TV Revenues
DENVER, CO--(Marketwire - April 1, 2009) - Roomlinx, Inc. (
Roomlinx has been focusing its efforts on building and promoting its revolutionary Interactive TV product. Roomlinx reported $2,196,712 in total revenue for 2008 of which 15% of this revenue came from sales generated during only 3 months of offering the Media and Entertainment product and services. Total Operating loss for the year was $1,807,223 and total operating loss excluding non-cash expenses was $1,189,680. At fiscal year end 2008 the company had $1,941,215 in cash in order to help with the ramp up in sales of the Interactive TV product.
"Roomlinx is focused on generating healthy revenues and profits within its Media and Entertainment division. We see a very strong opportunity within this market segment thanks to this new product line," said Mike Wasik, CEO.
Roomlinx Interactive TV allows hotel guests to access HD content (Hollywood, adult, specialty); high speed internet, book reservations, listen to their MP3Player, watch a DVD, access world radio and TV programming, play games, and work on their business applications all through a 32" - 47" LCD HDTV in a hotel guest room.
"Over the last 30 years, my team has infiltrated the hospitality market and has become quite astute on what is considered to be cutting-edge in hospitality -- from the academic arena to lodging/gaming and restaurants. As a hospitality professor at Roosevelt University, Chicago for 37 years, I've done my fair share of research, but it didn't take a lot of study to see that Roomlinx Interactive TV is the technology of the future. Why? Because Roomlinx can reinvent itself based on market and demographic demands," stated Dr. Charles Hamburg of Roosevelt University, Chicago.
The Roomlinx Interactive TV product can generate revenues from the following sources: Monthly service fees, Installation fees, Guest access fees, Pay per view content fees, Printing fees, Advertising, and E-commerce.
"Our Interactive TV product gives the hotel the ability to generate additional revenue and increase guest satisfaction," stated Wasik. "We have been very well received within the hospitality industry and I anticipate this to be the tip of the iceberg."
About Roomlinx, Inc.
Roomlinx, the hospitality in-room expert providing Internet-based Business, Media and Entertainment solutions designed to increase revenues and brand loyalty for hotels, resorts, and timeshare properties, utilizing premium content and applications demanded by today's traveler. [ www.roomlinx.com ].
Safe Harbor Cautionary Statement
Certain statements in this news release, including statements that we "believe," "expect," "intend," "plan" or words of similar import, are forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding the future filing of delinquent reports, potential future plans, new products and services and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: the company's successful implementation of the new products and services, demand for the new products and services, the company's ability to successfully compete against competitors offering similar products and services, general economic and business conditions; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of the Company's Securities and Exchange Commission filings available at [ http://www.sec.gov ] which you should carefully review. RoomLinX does not assume any obligation to update or revise any forward-looking statements, whether as the result of new developments or otherwise.
