| Germantown, MD � September 7, 2004 - Telkonet,
Inc. (Amex: TKO), the leader in commercial powerline communications (PLC)
and the Company bridging the �Outlet to the Internet�, today announced
that two hotel companies, MHI Hotels and ANM Hospitality, have selected
Telkonet as their high-speed Internet access solutions provider for many
of their hotel properties. MHI Hotels has installed Telkonet�s system in
eight of their hotels, including Holiday Inns, located in Virginia, North
Carolina, Georgia, and Florida. ANM Hospitality has signed a contract for
nine properties in Michigan, Ohio, and Indiana, including Clarion, Days
Inn, Best Value & Suites, Best Western, Comfort Inn and Baymont Inn.
Akram Namou, President of ANM Hospitality, commented, �I signed a contract with Telkonet to provide broadband access to my eight hotels because of their affordable Internet solution pricing package. Rather than having to pay a large, upfront bulk payment, I signed up for a monthly service contract that is cost-effective for my properties. Also, I felt comfortable choosing Telkonet since they are an endorsed vendor for Choice Hotels.� Ron Pickett, President of Telkonet, added, �These recent hospitality contracts and other multiple sales are evidence that our marketing strategy to leverage a national base of individually-owned hotels into a national base of multiple hotel owners is working.� Telkonet�s system uses powerline communications (PLC) technology to enable the transmission of data over existing electrical wires within a building. In doing so, it is not necessary to install new or dedicated wiring or cabling, resulting in simple and quick installation. Once the system is installed, virtually every power outlet throughout a hotel is converted into a high-speed data network. Hotel guests can access the Internet from electrical outlets throughout the hotel, including guest rooms, meeting rooms, and public areas. Guests can enjoy the portability of a wired system and the security of a wireline system, as data is encrypted and is secure from outside intrusion, ensuring that no users can access another user on the network. About Telkonet Telkonet's products provide connectivity over existing electrical wiring and do not require the costly installation of additional wiring or major disruption of business activity. In many situations, the Telkonet system can be implemented more quickly and less expensively than adding dedicated wiring or installing a wireless system. The Telkonet PlugPlus � family of networking and internetworking products offers a viable and cost-effective alternative to the challenges of hardwiring and wireless local area networks (LANs). Telkonet PlugPlus products are designed for use in commercial and residential applications, including multi-dwelling units and the hospitality and government markets. Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC). |
