Saw this from CGYC. Although I have no regard at all for them, what RoomLinX is doing seems quite similar to what BIFS has in mind.
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For Immediate Release
Press Contacts:
Lowel Farkas
Carnegie International Corporation
(410)785-7400
lfarkas@carnegieint.com
David A. Kaminer
The Kaminer Group
(914)684-1934
daminer@kamgrp.com
Paramount Subsidiary of Carnegie International Corporation to Offer Wireless, High-Speed Internet Access in Hotel and Hospital Rooms -- Agreement with RoomLinX for Cisco-based System Expected to Generate $15 Million-plus
BALTIMORE, July 5, 2000 -- Carnegie International Corporation (OTC BB: CGYC) said today that its Paramount International Telecommunications, Inc., subsidiary has signed a three-year agreement with RoomLinX to offer wireless, high-speed Internet access in hotel and hospital rooms in North America.
Mike Eberle, executive vice president of Carnegie and president of Paramount, said the RoomLinX program is “a natural evolution in service to the core long distance, calling card processing and telemanagement services Paramount currently provides to more than 150,000 hotel and hospital rooms in North America. He said Paramount anticipates incremental revenues of some $15 million over the first 24 months of the agreement “based on a conservative projection of phasing-in and delivering service in just one-third of those rooms, and with only 5% usage.”
RoomLinX, based in Vancouver, B.C., Canada with its U.S. headquarters in Fremont, California, developed and markets wireless Internet access at speeds up to 11 Mbps. Powered by industry leader Cisco® Systems (NASDAQ; CSCO), the RoomLinX service allows laptop users to connect without changing any configurations, while hotel and hospital customers do not incur any lease or capital outlay, or deal with time-consuming or cumbersome cabling.
According to Dennis Fitzpatrick, COO of RoomLinX, his company’s proprietary system provides reliable, high-speed service that is immediately and constantly available anywhere throughout the facility.
“The RoomLinX solution is state-of-the-art,” Fitzpatrick said. “We are very excited about the future in working with Paramount, which has an excellent reputation in the hospitality and health industries.”
Paramount’s first beta site for the RoomLinX service was installed at the end of June at the world renowned Sheraton Fallsview in Niagara Falls, Ontario, Canada. Albert Zappitelli, general manager and an owner of the property, said, “management and guests were very pleased with the system’s capability.”
Eberle said a number of long-term agreements to provide RoomLinX service are now being finalized in both the U.S. and in Canada. This service provides a substantial beginning to a new business model for Carnegie that provides recurring revenue and better leverage of existing our customer base.
“We are very enthused about offering this new service,” said Eberle, “and our hotel and hospital customers are equally enthused about having it installed and running in their facilities.”
About Carnegie International Corporation
Carnegie International Corporation (OTC BB: CGYC, www.carnegieint.com) is an Internet support and computer telephony holding company with specialization in telecommunications products, services and distribution, and in E-Commerce and EDI. Paramount, based in Vista, California, serves hotels and other businesses, primarily in 0+/- call auditing and international one-plus sectors. Carnegie’s other primary wholly-owned subsidiaries include: RomNet Support Services, Inc., an Internet, e-business and technical support services company, Profit Through Telecommunications (Europe) Ltd. (PTT), a telecommunications software company providing business solutions utilizing proprietary speech recognition, touch tone and bar code responses to send and/or receive information; ACC Telecom of Columbia, Maryland, a leading reseller of equipment and business telephone systems from Comdial®, Lucent®, SONY® and Sprint®; American Telephone & Computer, an Ameritech and Comdial dealer based in Elmhurst, Illinois, in the Chicago suburbs; Voice Quest, Inc., of Sarasota, Florida, a developer and provider of speech recognition and voice mail technologies and products, and Federation of Associated Health Systems, Inc., of San Antonio, Texas, which serves more than 700 hospitals with telecommunications services, primarily in 0+/- call auditing and international one-plus sectors.
Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this Press Release (as well as information in oral statements or other written statements made or to be made by Carnegie International Corporation) contain statements that are forward-looking, such as statements relating to the future anticipated direction of the telecommunications industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Carnegie International Corporation. These risks and uncertainties included, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, change in Federal or state laws, and market competition factors.
All trademarks are properties of their respective owners.
MAVIS is a trademark of Carnegie International Corporation. Other trademarks are properties of their respective owners.
Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this Press Release (as well as information in oral statements or other written statements made or to be made by Carnegie International Corporation) contain statements that are forward-looking, such as statements relating to the future anticipated direction of the telecommunications industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Carnegie International Corporation. These risks and uncertainties included, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, change in Federal or state laws, and market competition factors.
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