|Guest-Tek Launches GO Internet Solution for Small Hotels; Company Targets Underserved Market Segment|
|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.“
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.
|Guest-Tek’s Wireless Solution Gains Repeat Guests at Hyatt Fair Lakes / June 2003||Guest-Tek’s Broadband Network Solution to be Installed in 51 FelCor-Owned Hotels / April 2004|
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