Telecommunication Products, Inc. Acquires $2.8 Million In Pay Per View Systems Inventory for Deployment in Hospitality Industry.Business Editors BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif.--(BUSINESS WIRE)--Jan. 22, 2003 Telecommunication Products, Inc. ("Telpro") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TCPD TCPD Technical Contingency Planning Document (replaces COOP) TCPD Treasury's Contractors Profile Database (Dept of Treasury) TCPD Tcp Daemon ), a technology provider, today announced the purchase of $2,790,760 in pay per view certified inventory from a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. located in Hermitage, Tennessee Hermitage, Tennessee is a section of Metropolitan Nashville, Tennessee located in eastern Davidson County, adjacent to, and named in honor of, The Hermitage, home of Andrew Jackson, seventh President of the United States. . This definitive contract to purchase the pay per view equipment is expected to support Phase I deployment of over 115,000 hotel rooms nationwide. Robert Russell Robert or Bob Russell may refer to:
He indicated that technical teams will be established in Tennessee, Arizona and California "increasing deployment capacity beyond the required 700 hotel rooms per week and our goal of 35,000 rooms in the fiscal years 2003-04. All of this will be done in conjunction with our acquisition of `Hotel Movie Network' which was previously announced by the company. Our commitment is to have 300,000 pay per view systems installed in the next five years which should open up tremendous opportunities for additional revenue from various advertising sources to reach over 350,000,000 people annually who turn on their televisions in hotel rooms." About Telecommunication Products, Inc. Telpro, based in Beverly Hills, California, is a provider of data compression & visual technology solutions supported by web-based back office systems. This technology delivers DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. quality images via traditional cable network, satellite and Internet delivery channels. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. |
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