Printer Friendly
The Free Library
19,122,083 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

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:
  • Robert Russell (architect) (1808-1900), London born architect and surveyor active in Australia
  • Robert Hamilton Russell (1860–1933), English-born Australian surgeon
, Chief Executive Officer of Telpro, stated, "We are extremely pleased to have completed Phase I, which was the purchase of $2.8 million of pay-per-view systems. Since January, we have made significant inroads inroads
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.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 24, 2003
Words:480
Previous Article:Bluefly.Com Launches Redesigned Web Site.
Next Article:Ducommun Incorporated Announces $7 Million Radar System Contract Award.



Related Articles
PayForView Sub Total PayPerView Near Deals With Cable Operators, Studios.
Mid-America Apartment Communities, Inc. Fourth Quarter and 2001 Earnings Meet Expectations.
Vodavi Announces 2002 First Quarter Results; Fourth Consecutive Quarter of Operating Profits.
Cypress Bioscience Inc. Announces Fourth Quarter and Fiscal Year End 2002 Results.
Nuance Reports First Quarter 2004 Results; First Quarter Revenue Grows 10% Year Over Year.
MethylGene Announces Second Quarter 2004 Results-Company Achieves U.S. $500,000 Milestone Payment for Initiating HDAC Cancer Clinical Trials.
Intrado Announces Third Quarter 2004 Results; Revenue Grew 14% to $36.1 Million; Fully Diluted EPS Grew 22% to $0.22.
Intraware Announces Preliminary First Quarter Fiscal Year 2006 Financial Results; Company Achieves High End of Revenue Guidance.
Intrado Announces Second Quarter Earnings; Strong Quarter Fueled by Successful Contract Renewals and Growth in VoIP; Revenue up 9% to $34.5 Million,...
Adult Consumer Watching More Cable, Pay-Per-View; Moving Online; Sales of Sex Toys Surge.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles