Hotel Online  Special Report

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Lodgenet Announces Major Milestones
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More Than One Million Rooms Served Overall
Nearly Half Of Company’s Interactive Room Base Now Digital
On-Screen Controls Enhancing Entertainment In 435,000 Guest Rooms
Digital Control Rights Secured From All Major Studios
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SIOUX FALLS SD, June 15, 2004 – LodgeNet Entertainment Corporation (NASDAQ: LNET), one of the world’s largest providers of interactive television systems and broadband services to the hospitality industry, has announced the following in advance of its appearance next week at the HITEC 2004 lodging technology show in Dallas: 
  • LodgeNet now provides on-demand services and/or satellite programming to more than one million guest rooms worldwide.
  • 435,000 of the Company’s guest rooms – 46% of its total interactive room base – are served with digital systems delivering hotel-specific mixes of on-demand movies, games, music and music videos, along with shorter form entertainment like previously aired TV programs and special-interest features. 
  • All of the Company’s digital rooms feature the value added convenience of LodgeNet’s On-Screen Controls feature, which enables guests to control their in-room entertainment experience by skipping forward or back, pausing, or saving their place to resume playing later. LodgeNet is the first company to receive approval from all the major movie studios for enhancing the delivery of in-room entertainment in this way. 
  • Since debuting its SIGNETURE TV SM marketing and entertainment system at HITEC 2003, LodgeNet has delivered customized solutions for six major lodging brands, with development in progress for a seventh. Between these solutions and other SIGNETURE TV contracts, the Company’s SIGNETURE TV base numbers more than 160,000 guest rooms representing a wide cross-section of brands, market segments and geographic locations. 
“We have reached these milestones as a result of offering robust solutions to our hotel customers,” said Scott C. Petersen, President & CEO for LodgeNet. “Our next focus is on integrating the TV and laptop platforms into one dynamic, guest focused solution that offers optimal entertainment and productivity through platform synergies to drive maximum guest satisfaction and enhanced revenue opportunities for hoteliers.” 

LodgeNet is showcasing its full range of TV and HSIA SIGNETURE Solutions at Booth 1512 of the Dallas Convention Center, June 22-24. More information can 


Scott C. Petersen
President & CEO
be found at www.lodgenet.com

About LodgeNet

LodgeNet Entertainment Corporation (www.lodgenet.com) is one of the world’s largest providers of interactive television systems and broadband services to hotels, resorts and casinos throughout the United States and Canada as well as select international markets. These services include on-demand movies, music and music videos, Nintendo® video games, Internet on television, and other interactive television services, as well as high-speed Internet access, all designed to serve the needs of the lodging industry and the traveling public. LodgeNet provides service to more than one million rooms including 967,000 interactive guest pay rooms in more than 5,800 hotel properties worldwide. More than 260 million travelers have access to LodgeNet systems on an annual basis. LodgeNet is listed on NASDAQ and trades under the symbol LNET.

Certain statements in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  When used in this press release, words such as “expect”, “anticipate”, “estimate”, “believe”, “no assurance”, “intend”, “should”, “could”, “may”, “plan”, “project”, “predict”, and similar expressions and statements which are made in the future tense, or which refer to future events or developments, are intended to identify such forward-looking statements.  These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. 

Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, among others, the following factors: general economic and business conditions, and trends in the lodging and entertainment industries in particular; changes in hotel occupancy rates, business and leisure travel rates and the “buy rate” of our customers; our ability to access popular content on terms that are acceptable to us; timely availability of content; changes to the competition , including the ability of our competitors to deliver on demand entertainment or competitive services through the Internet or cable; the impact of changes in regulation which may limit our ability to provide content we currently provide; the occurrence of one or more future terrorist attacks, wars, public health concerns or other crises; availability of key components and services necessary for the manufacture and assembly of our interactive systems; uncertainties in our strategies or efforts to improve operating results by increasing revenue and decreasing costs; availability of capital on terms that are acceptable to us and sufficient to execute our business plan, including expanding the installation of our digital system in our customers’ guest rooms, and to adapt to technological changes in our industry; changes in customer relationships with hotel chains and their franchisees, including our ability to obtain new customers and to retain existing customers; the results of our product development difficulties and delays of new technologies and enhancement of existing technologies.

These forward-looking statements speak only as of the date of this press release.  We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

LodgeNet and SIGNETURE TV are service marks or registered trademarks of LodgeNet Entertainment Corporation. Other trademarks may be claimed as the property of others. 

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Contact:

LodgeNet Entertainment Corporation
Ann Parker, Director of Corp. Communications
3900 W Innovation Street
Sioux Falls, SD  57107-7002
605-988-1000
communications@lodgenet.com


 
Also See: Doubletree Novi Doubles In-Room Entertainment Revenue, Enhances Guest Service With Interactive TV Upgrade / May 2004
IT Security: Pebble Beach Company Powers Toward a Perfect 10; Parent Company Of Three-Time Conde Naste Winner Uses Advanced Security Tools For High-Speed Internet Access / April 2004


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