News Release - 2002-03-18 23:13
eRoomSystem Technologies Inc. Signs Revenue Sharing Agreement with Las
Vegas Marriott Suites; Upscale Las Vegas Property Chooses eRoomSystem
LAS VEGAS, Mar 22, 2002 (BUSINESS WIRE) -- eRoomSystem Technologies Inc.
(NASDAQ: ERMS), a leading supplier of in-room technologies for the lodging
industry, today announced the signing of a revenue-sharing agreement with the
Las Vegas Marriott Suites.
This 278-room all-suites property will install the eRoomServ refreshment center
in each of its two-room suites in the second quarter of 2002.
Conveniently located adjacent to the Las Vegas Convention Center and less than
one mile from the Las Vegas Strip, the hotel's location along with a myriad of
amenities make the Las Vegas Marriott Suites an excellent destination for both
business and leisure travelers. As a result, the Las Vegas Marriott Suites
historically ranks as one of the top performing properties in the Marriott
chain.
"This is the second installation for us in the Las Vegas market," said David S.
Harkness, eRoomSystem's chairman and chief executive officer. "The Las Vegas
Palms Hotel, which was installed in November 2001, has showcased the
profitability of the eRoomServ refreshment center.
"We believe the Las Vegas market is an excellent fit for our product offerings,
and we are aggressively pursuing several other hotel properties in Nevada."
About eRoomSystem Technologies Inc.
eRoomSystem Technologies Inc. is a full-service in-room provider for the lodging
and travel industry. Its intelligent in-room computer platform and
communications network supports eRoomSystem's line of fully automated and
interactive refreshment centers, room safes and other proposed applications.
Such applications include, or will include, in-room energy management systems,
information management services, credit card/smart card capability for direct
billing, network access solutions, remote engineering and maintenance services,
and in-room cash advance. eRoomSystem's products are installed in major hotel
chains both domestically and internationally.
eRoomSystem is a publicly traded company listed on the NASDAQ SmallCap Market.
You can visit eRoomSystem Technologies Inc. on the World Wide Web at
www.eroomsystem.com.
Certain statements in this press release with respect to future expectations and
plans may be regarded as "forward-looking statements" within the meaning of
Section 27A of Securities Act of 1933, Section 21E of Securities Exchange Act of
1934, and as that term is defined in the Private Securities Litigation Reform
Act of 1995.
Such statements, including, but not limited to, statements with respect to
future earnings, and all other forward-looking statements involve risks and
uncertainties and are subject to change at any time.
CONTACT: eRoomSystem Technologies Inc.
Gregory L. Hrncir, 435/688-3603 (Press/Investor)
Fax: 435/628-8611
gc@eroomsystem.com
URL: businesswire.com
Copyright (C) 2002 Business Wire. All rights reserved.
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