Dallas, TX � June 22, 2004 -
Guest-Tek Interactive Entertainment Ltd., (�Guest-Tek� or �the Company�)
(TSX:GTK), a world-class provider of broadband technology solutions for
the hospitality industry, today reported it has launched an innovative
and uniquely-packaged, wireless high-speed Internet solution. The
solution, named GO, caters to the growing demand for high-speed Internet
access in smaller hotels.
GO provides a simple, turnkey solution with many
of the features found in Guest-Tek�s premiere GlobalSuite� solution. The
GO package is a completely integrated solution, which includes Guest-Tek�s
proven plug-and-play server combined with directional WiFi antennae technology,
prepackaged and ready to work, right out of the box. GO can be installed
in less than 60 minutes by just about anyone. No special technical
knowledge is required.
�We developed a totally new solution from the
ground up in response to a well defined market need,� said Paul Sullivan,
Chief Executive Officer of Guest-Tek. �To stay competitive, this sector
wants a simple turnkey solution to provide to their guests, and GO delivers
just that. Because it is wireless, the GO package is quick and easy
to install. In fact, GO was designed so hoteliers can install it
themselves�.
In-Stat MDR analyst Amy Cravens comments, �We
have definitely observed a strong interest in HSIA, down-market. While
upscale hotels were typically the early adopters, HSIA is now seen as a
required amenity across all hospitality segments.�
Adds Sullivan, �As the largest, yet most underserved
segment of the market, hotels operating with 100 rooms or less represent
a significant opportunity for Guest-Tek. With the introduction of GO, we
are delivering on our promise to profitably expand our customer base.�
About Guest-Tek
Based
in Calgary, Alberta, Guest-Tek is a world-class provider of broadband technology
solutions for the hospitality industry. Guest-Tek�s GlobalSuite� high-speed
Internet solution enables hotels to offer their guests the convenience
of wired and/or wireless broadband Internet access from guest rooms, meeting
rooms and public areas. As a certified supplier with more major hotel chains
than any competitor, Guest-Tek has installed its solution in more than
650 properties worldwide, including over 35 hotel brands and 40 independent
boutique hotels. Guest-Tek's Common Shares trade on the Toronto Stock Exchange
under the trading symbol GTK .
The above disclosure contains certain
forward-looking statements that involve substantial known and unknown risks
and uncertainties. These forward-looking statements are subject to numerous
risks and uncertainties, certain of which are beyond Guest-Tek�s control,
including: the impact of general economic conditions, industry conditions,
increased competition, the lack of availability of qualified personnel
or management, fluctuations in foreign exchange or interest rates, stock
market volatility and market valuations of companies with respect to the
announced transactions and the final valuations thereof, and obtaining
required approvals of regulatory authorities. Guest-Tek�s actual results,
performance or achievement could differ materially from those expressed
in, or implied by these forward-looking statements and, accordingly, no
assurances can be given that any of the events anticipated by the forward-looking
statements will transpire or occur, or if any of them do so, what benefits,
including the amount of proceed, that Guest-Tek will derive therefrom. |