Asgard Holdings, Inc, -- AGDH -- Executes LOI with RoomWorX.ESCONDIDO, Calif. -- Asgard Holdings, Inc., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AGDH) announced today that it has executed a Letter of Intent to invest in high speed Internet technology with RoomWorX, Inc. Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , NV. "RoomWorX, Inc. provides custom connectivity and entertainment solutions to the hospitality marketplace. RoomWorX leverages technologies to think ahead and deliver lasting solutions that are easy to implement, easy to use, easy to support and most of all, easy to afford. "RoomWorX offers custom solutions that bundle in-room necessities such as Secure High Speed Broadband connectivity, Flat Panel HDTV (High Definition TV) A set of digital television (DTV) standards that offer the highest resolution and sharpest picture. Although some HDTV sets are available in standard (rather square) screen sizes, the overwhelming majority of sets are wide screen, which eliminates LCD screens, integrated Thin Client Computing See thin client. and video entertainment options. "Asgard Holdings, Inc. has some experience with the technology of RoomWorX and has confidence for the anticipated market of the products," stated Virgil Williams CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Asgard Holdings, Inc. Mr. Williams stated in closing, "Asgard (SYMBOL: AGDH) is equally impressed not only with the product but also with the end user customer support and the site network monitoring. We look forward to working together. As I stated earlier, we will continue to provide updates as these very positive business matters unfold." Certain statements contained herein are ``forward-looking'' statements (as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those discussed in filings made by the Company with the Securities and Exchange Commission. |
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