Hotel Online  Special Report

StayOnline Receives $15 Million from
Technology Investment Capital Corp.

..

Atlanta, GA  – [9/6/05] – StayOnline announced today that it has received $15 million from Technology Investment Capital Corp. (NASDAQ:  TICC).  StayOnline is an Internet service provider offering high-end wireless high-speed Internet access solutions for the hospitality and lodging industry.

StayOnline plans to utilize the funding to aggressively expand its footprint of wirelessly enabled hotels and resorts. StayOnline also plans to expand its offering of converged network services and applications for its hospitality clients. 

About StayOnline, Inc.
Based in Atlanta, Georgia, StayOnline is widely considered one of the most experienced providers of wireless, full property coverage Internet solutions today.  As of the end of the Second Quarter of 2005, StayOnline had installations in more than 600 hotel properties in the US, covering more than 85,000 guest rooms. Please visit www.stayonline.net for more information.

About Technology Investment Capital Corp.
TICC is a publicly traded business development company principally engaged in providing capital to small to mid-size technology-related companies.  While financing structures vary, TICC looks to invest primarily in the debt and equity of established technology-related businesses.  Companies interested in learning more about financing opportunities should contact Barry Osherow at (203) 661-9572 or visit the TICC website at www.ticc.com.


 
Contact:

Karin Koser
KPK & Co.
404.636.9311
Karin@kpkco.com
or
Beth Hawks
KPK & Co.
404.814.1015
beth@kpkco.com


Also See: StayOnline Tapped by Spectralink to Offer WI-FI Telephony to Hospitality Industry / August 2005
StayOnline Helps Bring Soldier  "Home" for Sister's Wedding; Technology Conduit for Reuniting Family Members / July 2005
Congress Hall Resort Hotel Blends History and High Tech with StayOnline / May 2005
StayOnline Strengthens Management Team with Three New Hires; Wireless Hospitality Professionals Parrish, Lewis and Watkins Join Company / April 2005
StayOnline Designs New Generation Wireless for San Francisco's Intercontinental Mark Hopkins / April 2005
StayOnline Shapes the Future of Hospitality WiFi with Industry Leaders; Wireless Solutions Company to Host Symposium on WiFi and Mobility Computing in Hospitality in April / March 2005
Hilton Grand Vacations Company Selects StayOnline for Wireless Expertise / March 2005
The Madison Pairs History with New Technology; DC Landmark Property Installs StayOnline's Wireless Solution / February 2005
Ely, Minnesota Resort Goes Wireless with StayOnline / November 2004
StayOnline Takes Emily Wireless; Fast-Moving Company Combines Technology with Tradition at the historic Emily Morgan Hotel in San Antonio / September 2004
StayOnline Takes Waikiki Wireless; Moves into Hawaii Resort with Largest 100% Wireless Coverage Install to Date / September 2004
Stranded Airline Passengers and Regular Guests Benefit from StayOnline's Wireless Solution in Dayton / August 2004
New Renaissance Las Vegas to Offer StayOnline's Wired and Wireless Network / August 2004
Highpointe Goes 100% Wireless with StayOnline / June 2004
StayOnline Announces New QuickResponseCoveragePlusSM Wireless HSIA Leader Sets Itself Apart with Innovative Repair Program / June 2004
StayOnline Offers Smooth Sailing/Surfing at Sailport Resort / June 2004
College Station Property Goes Fully Wireless; Lane Hospitality Taps StayOnline Again / June 2004
Mike Henderson Promoted at StayOnline, Inc. / May 2004
Wireless Joins Active Duty at Five CWB Properties; StayOnline Keeps Military Reservists and Other Guests Connected  to Home / May 2004
Chicago’s Historic InterContinental Hotel Goes Fully Wireless in Record Time; StayOnline Meets Hotel’s Challenge for Installation and Coverage / May 2004
StayOnline Helps Hilton Woodcliff Break New Ground; Hotel Noted as State’s Most Technologically Advanced Meeting Venue Adds Wireless Internet Access / May 2004
Amalfi Hotel Connects with StayOnline / May 2004
A Complete Set; Pineapple Management Services Signs with StayOnline to Install Wireless HSIA in Remainder of Properties / May 2004
StayOnline Connects Atlanta’s Historic Georgian Terrace Hotel; Complimentary Wireless Internet Service Now Available for Guests / May 2004
StayOnline Reports Explosive Growth in Usage of Broadband Wireless Service - Wireless User Take Rates Now Match Wired in Hospitality Setting / April 2004
Making the Connection Without Wires; Hilton Dallas Lincoln Centre finds Positive + Connection with Wireless / February 2004
History Meets High Tech; Holiday Inn at Six Flags Brings High-speed Internet to 1800’s Building / March 2004
As 2003 Comes to a Close, StayOnline Hits 23,000 Rooms in 203 Hotels / December 2003
Magna Hospitality Group Selects StayOnline; Wireless Provider to Start with Half of Magna Properties / December 2003
StayOnline Installs First High Speed Wireless Connection in Douglas County / November 2003
Cool Springs Marriott Goes Wireless with StayOnline / September 2003
Two More Davidson Hotels Go Wireless with StayOnline; Wireless HSIA Installed at Marriott Hunt Valley and at Park Vista Memphis / July 2003
StayOnline to Market AT&T Wireless WI-FI Service in Thousands of Hotel Rooms Across US / June 2003
StayOnline and Boingo Wireless Announce WI-FI Network Roaming Agreement; StayOnline’s network of fully wireless hotels featuring in-room Wi-Fi hot spots to be integrated into Boingo network / June 2003
StayOnline Connects Hotel Biltmore; Intel campus hotel partners with StayOnline for high speed wireless Internet / June 2003
New Castle Goes Wireless With StayOnline; Leading independent hotel operator to use StayOnline for high speed wireless Internet / June 2003
CNL Hospitality Selects StayOnline - StayOnline becomes approved vendor for installing high speed Internet access / June 2003
StayOnline’s Wireless Solution is Verified by Intel; Nation’s Largest 100% Wireless LAN Provider for Hospitality Industry Now Verified on Intel® Centrino™ Mobile Technology / June 2003
Lane Hospitality Goes Wireless with StayOnline / May 2003
Coakley Williams Goes Wireless With StayOnline / May 2003
StayOnline Partners With PrintMe To Add Convenient Mobile Printing To Spectrum Of Guest Services / April 2003
The Warwick Hotel Seattle and the Warwick Regis San Francisco Add StayOnline’s Wireless High Speed Internet Service to Their Formidable List of Amenities / April 2003
StayOnline and iPass Announce Agreement - StayOnline to Integrate its Wireless Access Points into the iPass Global Virtual Network for Enterprises / Feb 2003
StayOnline Announces 100 % Wireless High Speed Internet Installation at 100th Hotel / Jan 2003
StayOnline Introduces Hospitality Industry’s First Online Quote Application / Jan 2003
Top North Shore Hotel Now Offers Full Property Wireless High Speed Internet Access / Dec 2002
Davidson Hotel Company Selects StayOnline to Install Wireless High Speed Internet Access / Oct 2002
Foundry Park Inn & Spa Massages History With High Tech; Adds Wireless High-Speed Internet Access through Partnership with StayOnline / Aug 2002
Innkeepers Hospitality, Inc. Connects with StayOnline’s Wireless High-Speed Internet! / July 2002
Noble House Hotels & Resorts Selects StayOnline for Wireless High-Speed Internet Access Program / Nov 2001

To search Hotel Online data base of News and Trends Go to Hotel.Online Search

Home | Welcome! | Hospitality News | Classifieds | Viewpoint Forum | Ideas/Trends
Please contact Hotel.Online with your comments and suggestions.