|Guest-Tek’s Broadband Network Solution to be Installed in 51 FelCor-Owned Hotels|
Multi-property agreement worth an estimated $3 million CDN
Calgary, AB – (April 29, 2004) – Guest-Tek Interactive Entertainment Ltd. (Guest-Tek, TSX: GTK), a leader in delivering full-service wireless and wired broadband networking solutions to the hospitality industry, and FelCor Lodging Trust (NYSE: FCH), North America’s second largest lodging real estate investment trust (REIT), today announced that Guest-Tek will deliver its GlobalSuite™ broadband Internet solution to 51 FelCor hotels in North America by the end of 2004.
The multi-property agreement, which is worth approximately $3 million CDN ($2.2 million US) in one-time and recurring revenue, will result in GlobalSuite being available in 13,000 guest rooms, 250 meeting rooms, and 60 public areas. All public areas as well as the majority of guest rooms will offer wireless connectivity, while meeting rooms will offer a combination of both wired and wireless broadband access.
Paul Sullivan, CEO of Guest-Tek, stated, “Our partnership with FelCor represents significant new installation revenue, recurring maintenance and support revenue, and a significant increase in our installed base. All of these factors are instrumental in helping us expand our market presence in North America and reach our growth and profitability targets for fiscal 2005.”
The FelCor agreement reflects Guest-Tek’s continued success in gaining market share in North America’s broadband hospitality market. Guest-Tek’s leading GlobalSuite solution reached a milestone in February 2004, surpassing 100,000 room installations around the world.
According to Thomas J. Corcoran, Jr., President and CEO of FelCor, Guest-Tek’s GlobalSuite connectivity software has already been installed in 12 FelCor-owned hotels, earning praise from both guests and hotel staff.
“Our guests value having a quick, easy way to stay connected, whether that means checking their e-mail or accessing corporate networks. Our general managers appreciate having a reliable, turnkey solution that includes in-house professional services and support,“ said Mr. Corcoran.
About FelCor Lodging Trust
FelCor is the nation's second largest lodging REIT and the nation's largest owner of full service, all-suite hotels. FelCor's portfolio is comprised of 155 hotels, located in 33 states and Canada. FelCor owns 71 full service, all-suite hotels, and is the largest owner of Embassy Suites Hotels(R) and Doubletree Guest Suites(R) hotels. FelCor's portfolio also includes 73 hotels in the upscale and full service segments. FelCor has a current market capitalization of approximately $3.1 billion. Additional information can be found on the Company's Web site at www.felcor.com
Based in Calgary, Alberta, Guest-Tek is a world-class provider of high-speed Internet access to the hospitality industry. Guest-Tek’s GlobalSuite™ high-speed Internet solution enables hotels to offer their guests the convenience of wired wireless broadband Internet access from guest rooms, meeting rooms and public areas. As a certified supplier to more major hotel chains than any competitor, Guest-Tek has installed its solution in more than 600 properties and 112,000 rooms worldwide, including over 35 hotel brands and 40 independent boutique hotels. Guest-Tek’s common shares trade on the Toronto Stock Exchange under the symbol “GTK”, with approximately 13.5 million shares outstanding.
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Monica Hildebrand, Vice President of Communications
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