Casdim International Systems, Inc. Brings New Technology To Ramada Inns.PARSIPPANY, N.J./NEW YORK--(BUSINESS WIRE)--March 26, 1997-- -- Information-On-Demand System Will Provide Guests With Interactive TV Services, Internet Access, Pay-Per-View and E-Mail -- Ramada ra·ma·da n. Southwestern U.S. 1. a. An open or semienclosed shelter roofed with brush or branches, designed especially to provide shade. b. An open porch or breezeway. 2. Franchise Systems, Inc. ("RFS (Remote File System) A distributed file system for Unix computers introduced by AT&T in 1986 with Unix System V Release 3.0. It is similar to Sun's NFS, but only for Unix systems. "), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of HFS (Hierarchical File System) The file system used in the Macintosh. The first version, known as "Mac OS Standard," was introduced in 1985. HFS+, an enhanced version, came out in 1998 in preparation for the upcoming Mac OS X operating system. (NYSE NYSE See: New York Stock Exchange : HFS) and Casdim International Systems, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CDMI CDMI Commercial Driving Mechanical Institute (Midland, Michigan) ) today agreed to jointly enter into alpha and beta test of Casdim's integrated Information-On-Demand ("IOD IOD Institute of Directors IOD Information on Demand IOD International One Design (sailing) IOD Institute on Disability (University of New Hampshire) IOD Indian Ocean Dipole System"). The IOD System incorporates interactive TV, Internet, video-on-demand, E-Mail, and a clubmember facility. The IOD System utilizes an integrated WAN (wide area network) to link video and data servers via satellites and/ or cable TV systems. Parties have agreed to enter into an agreement for full system implementation of the IOD System, pursuant to which RFS will exclusively recommend the IOD System to all of its franchisees upon the successful completion of the alpha and beta test at certain Ramada Inn locations. The testing of the IOD System is scheduled to be completed in March 1998. The Ramada Inn franchise currently operates over 120,000 lodging rooms. Scott Deaver, of RFS, commented: "We are pleased to embark on this venture with Casdim which followed our extensive discussions with Casdim. The technology package and financial sharing arrangements meet with RFS's corporate goals of excellence in service while maximizing revenue generation for RFS and its franchisees. Under the term of the current agreement, Casdim has agreed to install and maintain its IOD System in participating RFS franchise facilities." Yehuda Shimshon, Chairman and 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 Casdim, added: "Joining the HFS extended family is a milestone in Casdim's corporate growth. We intend to leverage off of Ramada's customer base to generate substantial advertiser revenues from the nationwide Ramada in-room system." "We hope to have a captive audience of approximately 100,000 highly mobile hotel guests each night, whose access to their TV will be through the Ramada/ Casdim default channel. Access to E-mail, stock quotes, sports scores, electronic gaming, video-on-demand, airline or car rental reservations, local residential real estate listings, etc., will be through Casdim's IOD system. Revenues will come from advertising, vendor commissions, and user fees. We hope to deepen and broaden our relationship with HFS over the coming months and years." Casdim International Systems, Inc. is a multimedia and communications company, which has three primary areas of business. The first is in interactive televisions, which will be used to provide interactive programs to link vendors and customers, and supply information and transactions on demand. The second area of focus for the Company is the development, marketing, sales, and leasing of interactive informational and transactional networked kiosks. Casdim believes that the fact that its kiosks are networked and that its focus is on the interactive kiosk market will enable the Company to become a key player in this market. The third component of Casdim's business is the development of servers and communications applications (Satellite-based networks and WANs) that will enable vendors to deliver information services See Information Systems. and maintain transactions from their place of business. CONTACT: Casdim International Systems, Inc. Yehuda Shimshon, Chairman 212/984-1090 -or- The Anne McBride Company, Inc. Anne McBride, 212/983-1702 |
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