Telecommunication Products Enters Phase II of Its $2.8 Million Pay-Per-View Systems Deployment -- Generating Revenues in the Current Quarter.Business Editors/High-Tech Writers 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)--Sept. 24, 2003 Telecommunication Products, Inc. (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 ) ("Telpro"), a technology provider, announced today that it has entered the deployment phase, or Phase II, of its $2.8 million acquisition of pay-per-view systems. In January of this year, Telecommunication Products purchased $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, Tenn. To-date, the Company's systems are located in 8,000 hotel rooms as part of a program to deploy equipment to more than 115,000 hotel rooms nationwide. The Company announced it has begun recognizing revenues in the current quarter ending Sept. 30, 2003. Robert Russell Robert or Bob Russell may refer to:
Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ into the deployment of these systems. Phase II is rapidly underway as we deploy equipment in key hospitality markets and begin generating a steady revenue stream from these sales. We expect continued expansion into hotels throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and the Virgin Islands over the next 15 months. Our objective is to move toward an installed base of 35,000 hotels by 2004. This strategy should result in increasing revenues and positive cash flows in the coming quarters." About Telecommunication Products, Inc. TCPD, headquartered in Beverly Hills, is a provider of data-compression and visual-technology solutions supported by Web-based back office systems. This technology delivers DVD-quality images via traditional cable network, satellite, and Internet-delivery channels. TCPD, in addition, provides pay-per-view and free-to-guest television service in small hotels nationwide and in the Caribbean. This press release contains forward-looking statements, involving risks and uncertainties including statements regarding the Company's financial performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. , including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Information with respect to important factors that should be considered is contained in the Company's Annual Report on Form 10-KSB as filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law. |
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