Videolocity International Inc. Announces: Digital Entertainment System and Internet Access for the New Hotel Park City.Business Editors & High-Tech Writers PARK CITY--(BUSINESS WIRE)--Nov. 13, 2002 Videolocity Int'l, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VCTY), Park City, Utah Park City is a city located in Summit County, Utah, United States. It is one of two major resort towns in Utah, the other being Moab. It is considered to be part of the Wasatch Back and a part of the Salt Lake City metropolitan area. , announced the signing of an agreement with Hotel Park City and Hospitality Concierge, Inc., its 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. . Videolocity will sell and deploy its Digital Entertainment System in the new Hotel Park City, an all-suite, luxury resort hotel scheduled to open for the winter season of 2002/2003. "Historically, the hotel industry is light years behind others with technology in general. We are delighted with this opportunity by Videolocity to offer our guests the convenience and sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. of real High-Speed Internet access and true Video-On-Demand," said Kevin Thorstenson, Vice President/General Manager for the Hotel Park City. "We are excited to work with the prestigious Hotel Park City to provide digital content and information services together with High Speed Internet access that will improve the experience of premier resort guests. The combination of the new hotel's luxurious accommodations and Videolocity's advanced technology will represent a great product," stated Robert Holt, President and Chief Executive Officer for Videolocity. Videolocity's revolutionary Digital Entertainment System(TM) allows guests to have real-time access to a large selection of true Video-On-Demand, Music-On-Demand, High Speed Internet, Internet Games, E-mail, Customized Property & Resort Information and E-commerce Applications via a standard television set and the custom Graphical User Interface graphical user interface (GUI) Computer display format that allows the user to select commands, call up files, start programs, and do other routine tasks by using a mouse to point to pictorial symbols (icons) or lists of menu choices on the screen as opposed to having to (GUI (Graphical User Interface) A graphics-based user interface that incorporates movable windows, icons and a mouse. The ability to resize application windows and change style and size of fonts are the significant advantages of a GUI vs. a character-based interface. ). The network LAN/WAN LAN/WAN Local Area Network/Wide Area Network architecture will be based on a hybrid approach using both wired (CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. ) and wireless (802.11b) architecture, hereby demonstrating the versatility of the Videolocity solution. About Videolocity Videolocity Int'l, Inc. (www.videolocity.com) has developed a highly innovative and cost effective Digital Entertainment and Information System delivering true Video-On-Demand streaming at 1Mbps or less in an Mpeg4 format while achieving "like" 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 on standard televisions, wireless enabled laptop computers, Personal Digital Assistants or other handheld devices. In addition, the systems flexible architecture provides Music-On-Demand, High Speed Internet Access, Internet Games, E-mail, Remote Education, Customized Property Information and E-commerce applications. Videolocity's business areas include Local Area Networks (LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. ) environments such as hotels, resorts, hospitals, assisted living facilities, or controlled Wide Area Networks (WAN) serving intelligent communities, residences, educational facilities and multi-dwelling units (MDU (1) (Multiple Dwelling Unit) A commercial or residential building with multiple offices or apartments. See BLEC. (2) (Multiply-Divide Unit) A high-speed circuit that performs multiplication and division within the CPU. ). The solutions were designed for delivery via wireless 802.11 networks but are also fully functional on Fiber, Satellite, DSL and Ethernet network architectures. Videolocity holds provisional patents that are essential to the development of the highly flexible, scalable, customizable and cost effective delivery platform (digital set top box) and advanced embedded software applications that allow for full remote upgrade and maintenance of content and/or features. About Hotel Park City Hotel Park City is an all-suite luxury golf & spa resort located 35 minutes from Salt Lake City International Airport Salt Lake City International Airport (IATA: SLC, ICAO: KSLC) is a public airport located in western Salt Lake City, Utah. The airport is the second largest and one of the fastest growing hubs for Delta Air Lines, as well as hubs for Delta Connection . Based upon season, guests can enjoy an unrivalled ski or golf vacation experience amid the amenities of a world-class spa resort. Edged in native Pines and Aspens on the spectacular Park City golf course with a backdrop of the magnificent Wasatch Mountains, this 54 all-suite resort of civilized luxury features elegant dinning, spa/fitness, Nordic ski, complimentary ski shuttle to Alpine skiing, heated outdoor pool/spa and breathless views. For reservations or more information phone 435.940.9022 or visit www.hotelparkcity.com. This release contains statements that constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act and Section 27A of the Securities Act. Readers are cautioned not to put undue reliance on such forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including but not limited to: the development and/or acceptance of new products, the impact of competition on the company's products and/or pricing, and the success of the company's systems. |
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