News for the Hospitality Executive
|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
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.
Safe Harbor Cautionary Statement
RoomLinx Media Contact:
Success Making Headlines; Hoteliers’ positive results with Roomlinx
leads to increased media coverage / September 2009
Completes Seven Hotel Installations in Eight Weeks With Interactive TV;
Rapidly Expands in Chicago, including theWit and Second Kessler Property
/ August 2009
Proprietary Ad Platform Generates Additional Revenue for Hotels
Nationwide; Roomlinx Leverages In-Room Entertainment for Value-Added
Offerings / July 2009
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
made a Part of IBM’s “Hotel-in-a-Box’ solution; Roomlinx is an approved
Supplier of Interactive TV to Intercontinental Hotels Group / June
Seeks Qualified Hotels to Install Interactive TV & VOD at no Cost
/ June 2009
Interactive TV is Free to Guests at Kessler's Grand Bohemian Asheville,
NC; Roomlinx completes Interactive TV installation in all rooms /
|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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