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Roomlinx Converts $1.87 Million in Debt to Common Stock


Conversion Eliminates all of the Company’s Convertible Debentures


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DENVER, CO – (September 16, 2009) – Roomlinx, Inc. (OTC BB: RMLX), the hospitality in-room expert providing Interactive TV products, today announced the finalization of a $1.87 million debt conversion into common stock on September 9, 2009.
 
The conversion eliminates all of Roomlinx’ Convertible Debt.  Pursuant to the Conversion Agreement, all outstanding Debentures in an aggregate principal amount of $1,869,800 were converted into an aggregate of 93,490,000 shares of Roomlinx common stock at a conversion price of $0.02 per share.  With the exception of approximately $370,000 of long-term debt, the Company is now debt free.

“We view this as a strong vote of confidence from our investors, which now view Roomlinx as an equity investment”, Roomlinx CEO, Mike Wasik, commented.  ”Our new equity holders have shown that they have faith in the future of our business and our continued growth plan as our business model and in-room media offering continues to pick up steam.  With an improved balance sheet and reduced interest expense going forward, we believe that this transaction will provide us with additional financial flexibility to build our business and improve our value for all shareholders,” Mr. Wasik concluded.
 
Roomlinx Interactive TV delivers HD movies and specialty content on demand, web services, global music and video, business tools, hotel, local and travel information, mobile device connectivity, games and more via the in-room LCD flat screen TV.  Roomlinx offers a custom solution that is scalable with profitable business models for both limited, full, and luxury brands. 
 
Scott Schreiber, president of the Kessler Enterprise, said he was looking for "innovation that brought customers capabilities that they have not seen in other hotel rooms, or anywhere for that matter." Roomlinx stood out because it was the most innovative while remaining user friendly.  Terry Alexander, General Manager of the Sleep Inn in Minot, ND said, "The technology that's tied into the Roomlinx system is amazing.  Anything guests can do at home on their computer they can do in their hotel room, whether it's making a reservation at Ruby Tuesday or working on a document.  The average guest spends more time on Roomlinx than using regular cable TV,” Alexander said.
 
With the recent, continued confidence demonstrated by the debt conversion, Roomlinx continues to grow their customer base and in-room media offering to provide hoteliers with the best technology as well as provide their guests with the tools and entertainment options they want.
 
For more information on Roomlinx, please visit www.roomlinx.com.

About Roomlinx 

Roomlinx is the hospitality in-room expert providing in-room Interactive TV products designed to increase revenues and brand loyalty for hotels, resorts, and other properties, utilizing premium content and applications demanded by today’s traveler. For more information about Roomlinx, visit www.roomlinx.com.

Safe Harbor Cautionary Statement
Certain statements in this news release, including statements that we "believe," "expect," "intend," "plan" or words of similar import, are forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans, new products and services and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of the Company's Securities and Exchange Commission filings available at http://www.sec.gov, which you should carefully review. Roomlinx does not assume any obligation to update or revise any forward-looking statements, whether as the result of new development or otherwise.

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Contact:

RoomLinx Media Contact:
Belinda Banks
SS|PR
(609) 750-9110

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Also See: Roomlinx Success Making Headlines; Hoteliers’ positive results with Roomlinx leads to increased media coverage / September 2009

Roomlinx Completes Seven Hotel Installations in Eight Weeks With Interactive TV; Rapidly Expands in Chicago, including theWit and Second Kessler Property / August 2009

Roomlinx Proprietary Ad Platform Generates Additional Revenue for Hotels Nationwide; Roomlinx Leverages In-Room Entertainment for Value-Added Offerings / July 2009

Roomlinx Wins Global Business Planning Competition in Wales, U.K.; Denver-based hospitality company wins one year of free office space and support package to expand into Europe / July 2009

Roomlinx made a Part of IBM’s “Hotel-in-a-Box’ solution; Roomlinx is an approved Supplier of Interactive TV to Intercontinental Hotels Group / June 2009

Roomlinx Seeks Qualified Hotels to Install Interactive TV & VOD at no Cost / June 2009

Roomlinx' Interactive TV is Free to Guests at Kessler's Grand Bohemian Asheville, NC; Roomlinx completes Interactive TV installation in all rooms / May 2009

Roomlinx Selected as the U.S. Finalist in Global Business Planning Competition: Denver Company to Compete in Wales, U.K.; Earns Free Business-Class Trip to Wales for Week of Strategic Counsel, Networking / May 2009

Roomlinx Installs First Ever Free-to-Guest VOD Solution at Sleep Inn & Suites in Minot, ND; Roomlinx completes install of 80 rooms / March 2009

Roomlinx Completes Crowne Plaza Install; Reflagged, remodeled Crowne Plaza Glen Ellyn-Lombard brings Roomlinx' interactive Media, Entertainment & Business Solution to all guestrooms, including HD movies, high speed internet access, music, local news updates, business productivity tools, and more / November 2008

Country Inn & Suites Merrillville To Install Roomlinx' In-Room Media, Entertainment & Business Solution; Limited-service hotel owner will offer customers interactive in-room amenities typically reserved for full-service or upscale hotels; 10 rooms to start, more to follow / June 2008

The Kessler Collection Announces Partnership with Roomlinx to Provide In-Room Entertainment and HSIA Services for New Hotels in Development; Five year pact with owner, developer & management group of luxury boutique hotels begins with opening of The Bohemian Hotel Asheville at Biltmore Village in December / June 2008

Roomlinx' Media, Entertainment and Business Solution Featured at HITEC's GUESTROOM 2010; Interactive, in-room solution hailed by experts as the 'latest and greatest' technology! / June 2008

Jet Hotel Set for Guest Service, Revenues to Soar with Roomlinx Media & Entertainment System; Downtown Denver boutique hotel is first to install interactive, TV-based solution / April 2008

Creative Hospitality Associates Becomes Roomlinx' Sales Partner; Chicago-based hospitality consulting group calls relationship serendipitous - CHA to open doors, expand awareness of Roomlinx In-Room Media & Entertainment System / April 2008

Roomlinx Upgrades HSIA at Phoenix-area Hilton; 10x Boost in bandwidth boosts guest satisfaction, revenues, and brand loyalty at Hilton Phoenix East/Mesa hotel / February 2008

New Year Brings In-Room Media & Entertainment System PLUS New Web Site for Roomlinx Customers / January 2008

Bridget Oliva joins RoomLinX as VP Sales and Marketing; Industry veteran to expand awareness of In-Room Media and Entertainment System / November 2007
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