IRVINE, Calif., April 27 /PRNewswire-FirstCall/ -- Oxford Media, Inc. (BULLETIN BOARD: OXMI) , a secure digital communication and technology company, announced today it has signed an agreement with the Powell Hotel (San Francisco, CA), through one of its Platinum Dealers, Quinn Electronics for digital Video-on-Demand and Pay-Per-View entertainment to its 145 rooms, and installation is scheduled to be completed in May 2006.
"The Powell Hotel is a well-known San Francisco Boutique Hotel, almost 100 years old, and conveniently located at the intersection of Powell and Market Street, adjacent to the cable-car turn around. It is immensely popular with people all over the world, especially Europe. Quinn Electronics and Powell Hotel look forward to using Oxford Media's Pay-Per-View system. We are confident that people all over the world will enjoy seeing Hollywood's 1st run movies. We expect it to generate a lot of income for the Powell Hotel," said, Thomas Quinn, Owner, Quinn Electronics.
"We are excited to grow our footprint in a large city like San Francisco. The Powell Hotel is a marquis property and an example of how our technology and business model makes VOD affordable to boutique and smaller hotels," stated Lew Jaffe, CEO of Oxford Media, Inc.
As part of the Agreement, Oxford Media was granted "rooftop rights" to install a WiMAX antenna or similar transmitting/receiving device on the rooftop of The Powell Hotel. The sole consideration to be paid by Oxford Media for these rooftop rights will be a percentage of future revenue derived from the antenna, which is to be negotiated.
About Oxford Media, Inc.
Oxford Media is a leading developer of digital VOD and PPV entertainment systems that are scalable and turnkey offering hotel guests a variety of video content on-demand including the latest first-run Hollywood Movies, while giving a ROI to property owners. Oxford Media's market is comprised of small and mid-sized hotels and motels -- a segment of the hotel industry previously underserved and unable to offer such services to their guests. This targeted market of hotel properties between 50 to 300 rooms, comprises over 2.4 million hotel rooms in the U.S. and represents approximately 56% of the total hotel market.
Oxford's wholly owned subsidiary Creative Business Concepts, Inc. is a wireless and business systems provider specializing in WiFi/WiMAX, IT Security and IT Integration, and Telecom. As part of these service offerings, CBC designs and installs specialty communication systems for data, voice, video, and telecom. http://www.oxfordmediainc.com/
Special Note Regarding Forward-Looking Statements: Statements in this news release about anticipated or expected future revenue or growth or expressions of future goals or objectives, including statements regarding whether current plans to grow and strengthen the Company's existing business, are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements in this release are based upon information available to the Company on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that the Company will be unable to grow or strengthen its business due to a lack of capital or an inability to identify acquisition candidates and that the Company may not realize anticipated cost savings or revenue growth opportunities associated with any acquisitions, planned or otherwise. Additionally, forward-looking statements concerning the performance of the Company's business are based on current market conditions and risks, which may change as the result of certain regulatory, competitive or economic events, as well as those risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, which could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements.
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