Germantown, MD,
August 25, 2004, Telkonet, Inc. (Amex: TKO), the leader in commercial powerline
communications (PLC) and the Company bridging the �Outlet to the Internet�,
today unveiled two high-speed Internet packages designed to help smaller
hotels build their business with business travelers. �In the hospitality
world, the business traveler is a high-value commodity who represents repeat
revenue and extended stays, which drive occupancy. To attract these lucrative
customers, Internet access is a necessity. Our new high-speed Internet
packages provide an affordable Internet solution for hotels with 150 rooms
or less, a market which accounts for more than 90% of the hotels in the
United States,� said Sandeep Thakrar, Vice President of Hospitality Sales
of Telkonet.
Telkonet�s
Smaller Hotel Package (50 rooms or less) is priced from $195 per month
for 48 months. The Company's Standard Hotel Package (51 to 150 rooms) is
priced from $295 per month for 36 months. Thakrar unveiled these special
pricing packages at the Florida Hotel & Motel Association�s 2004 Annual
Convention and Trade Show at the Royal Pacific Resort at Universal Orlando
in Orlando, Florida.
�With our Fresh New Approach to Internet
Pricing, we have squeezed the excess costs out of Internet service and
leveled the playing field for smaller hotels that now can make available
to their guests the same commercial-quality, high-speed Internet access
as larger hotels at a price they can afford. This approach is ideal for
hospitality chains such as Best Value Inn, and Hospitality International
and National Trust Historic Hotels of America, with whom Telkonet recently
acquired approved vendor agreements,� Thakrar said.
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).
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