News for the Hospitality Executive
|Calgary, Alberta, March 14, 2007 - Guest-Tek Interactive
Entertainment Ltd., (“Guest-Tek”) (TSX: GTK), a leader in providing
broadband technology solutions to the global hospitality industry, today
announced it has completed an agreement (the “Agreement”) to provide OneView
Internet service and support as the brand standard to all corporate owned
Hyatt Place™ hotels. Guest-Tek began deploying its solution to Hyatt
Place sites last week and anticipates completing the entire rollout by
the end of the calendar year.
Hyatt Place was specially designed to help guests remain more relaxed, productive and fulfilled while traveling. To help achieve this, Hyatt Place offers complimentary Wi-Fi access throughout the hotel. Guests can choose to take advantage of this in their spacious guestroom, stretching out on the signature Hyatt Grand Bed™ or on the Cozy Corner, an eight-foot sectional sofa-sleeper. Guests can also choose to utilize Wi-Fi access in the Gallery, an innovative welcoming area featuring contemporary design and a comfortable, coffeehouse vibe. Here guests can work on their laptop in a variety of seating areas while enjoying a freshly prepared entrée, a Starbucks® specialty coffee or glass of premium wine or beer. “Technology has become a mandatory part of the travel experience. Our guests are living a 24/7 lifestyle with no separation between their personal and professional time, so it’s critical to provide them with the technology that allows them to continue that lifestyle while traveling,” stated Jim Abrahamson, senior vice president, Hyatt Corporation. “Guest-Tek was selected as our standard solution because of their ability to help Hyatt Place consistently deliver that technology to our guests.”
“Guest-Tek is very pleased to continue our relationship with Hyatt Hotels in supporting the new Hyatt Place brand.” Noted Arnon Levy, chief executive officer of Guest-Tek. “Our reputation for the best support in the industry has been built up slowly over 10 years of investment and development – we are proud to be an integral part of the technologically advanced Hyatt Place brand.”
Guest-Tek is the world’s largest provider of IP based technology solutions for the hospitality industry. Guest-Tek’s OneView platform provides hotels with converged data, video and telephony services. Guest-Tek is a preferred vendor to major hotel brands, providing services including network design, procurement, implementation, and post sales customer support to 3,400 properties and over 505,000 rooms. Guest-Tek’s common shares trade on The Toronto Stock Exchange under the trading symbol "GTK". The company's head offices are in Calgary, Alberta, and it has major support facilities in Irvine, California, and Warsaw, Poland as well as Sales offices located throughout North America and Europe. For more information about Guest-Tek, go to www.guest-tek.com .
The above disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Guest-Tek's control, including: the impact of general economic conditions, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to the announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. Guest-Tek's actual results, performance or achievement could differ materially from those expressed in, or implied by these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that Guest-Tek will derive therefrom.
About Hyatt Place
Hyatt Place is a new kind of Hyatt for today’s relaxed lifestyle, combining The Hyatt Touch® with stylish design, purposeful amenities and forward-thinking technology. Catering to discerning business and leisure travelers, 120 Hyatt Place hotels will be operational across the U.S. by the end of 2007. Hyatt Place is a newly developed brand of Global Hyatt Corporation. For Hyatt Place information or to make a reservation, call 1-888-HYATT-HP (888-492-8847) or visit www.hyattplace.com . From the U.S. and Canada, reservations for Hyatt Hotels & Resorts worldwide may be obtained by calling 1-800-233-1234 or logging onto www.hyatt.com
Arnon Levy, President & CEO
Geoff Clark, CFO
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