Los Angeles, CA � August 27, 2007 - NxTV,
Inc., the first and largest provider of Internet Protocol Video
on Demand (IP VOD) and interactive digital IP-based
in-room entertainment and technology solutions in the hospitality industry,
today announced that the company ranked number 389 on the 2007 Inc. 500
list of the country�s fastest growing private companies. NxTV achieved
its ranking on the list by posting a three-year sales growth of 736% from
2003 to 2006. The Inc. 500 list appeared on newsstands August 24th
and is available online today.
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| "Our recognition by Inc. magazine
shows that the hospitality industry is healthy and thriving, and the IP
VOD platform that NxTV pioneered almost a decade ago is now proven and
endorsed industry wide,� said Russell P. Reeder, President and COO of NxTV,
Inc. �We are honored to be on the prestigious Inc. 500 list,
and attribute our growth to our focus on delivering a superior guest experience
with crystal-clear HD picture quality plus the largest library of IP VOD
movies, and a faster time to market via our highly scalable fourth-generation
IP distribution platform. This focus enables our upscale segment
hotel customers to boost revenue and guest loyalty, and sets us apart from
the competition.�
The NxTV high definition IP VOD system allows hotel owners to take full
advantage of new technology today and in the future, and offer guests the
ultimate on-screen entertainment experience. NxTV�s system runs over
the hotel�s existing converged IP network, which enables the property to
communicate with a wide variety of in-room technologies, including VoIP,
minibars, climate control and POS systems, without the cost and effort
of installing and maintaining separate networks for each hotel application.
NxTV is also the first and only VOD vendor to earn Hotel Technology Next
Generation (HTNG) certification for its �single guest itinerary� display
functionality. This means it complies with HTNG industry standards
that enable NxTV to interface with other certified third-party systems
to display guest reservation information including hotel check-in and check-out,
spa appointments, golf tee times and restaurant reservations on hotel room
televisions. (HTNG is a leading, self-funded, non-profit technology
solutions association in the hospitality industry.) |
Russell P. Reeder
President and COO |
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�If you want to find out which companies are going to change the world,
look at the Inc. 500,� said Inc. Editor Jane Berentson. �These are
the most innovative, dynamic, fast-growth companies in the nation, the
ones coming up with solutions to some of our most intractable ills, creating
systems that let us conduct business faster and easier, and manufacturing
products we soon discover we can�t live without. The Inc. 500 list is Inc.
magazine�s tribute to American business ingenuity and ambition.�
About NxTV, Inc.
 NxTV,
Inc., based in Los Angeles, California, is the first and largest IP VOD
provider in the global hospitality industry, delivering to its customers
IP-based, 100% digital in-room entertainment solutions that allow hotel
owners to take full advantage of new technology today and in the future,
and offer guests the ultimate on-screen entertainment experience.
NxTV�s system runs over the hotel�s existing converged IP network, which
enables the property to communicate with a wide variety of in-room technologies
without the cost and effort of installing and maintaining separate networks
for each hotel application. The NxTV System delivers a full suite
of digital IP-based in-room entertainment services including High Definition
Video On Demand (HD VOD) and IPTV Free to Guest content, wired and wireless
high-speed Internet access, and a customized guest interface.
Clients include the world's most prestigious hotel brands, including
Four Seasons, Peninsula, Raffles, W Hotels, St. Regis, MGM Grand, Le Meridien
and Hyatt. NxTV, Inc. has offices and customers in the Americas,
Europe and Asia.
About Inc. magazine:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc.
magazine (www.inc.com) is the only major
business magazine dedicated exclusively to owners and managers of growing
private companies that delivers real solutions for today�s innovative company
builders. With a total paid circulation of 681,421, Inc. provides
hands-on tools and market-tested strategies for managing people, finances,
sales, marketing, and technology. |