News for the Hospitality Executive
Guest-Tek and MGM Sign Multi-year Agreement
CALGARY, ALBERTA June 23, 2009 -- Guest-Tek Interactive Entertainment Ltd. (Toronto Stock Exchange: GTK) and MGM Domestic Television Distribution have agreed to a multi-year deal which will allow for MGM Hollywood titles to appear on Guest-Tek’s VOD system. The deal also grants Guest-Tek access to MGM’s substantial library of films.
“Guest-Tek is very pleased to offer MGM’s newly released Hollywood movies.” said Arnon Levy, CEO of Guest-Tek. “MGM is well known worldwide for releasing critically acclaimed movies and we are excited to offer those titles in high definition to hoteliers with the Guest-Tek VOD system.”
Joe Patrick, Executive Vice President, North American Television Distribution for MGM added: "Guest-Tek's video on demand platform is available in over 2,700 major hotel properties around the world. When you combine that with MGM's expansive film library of some 4,100 titles and counting, we're creating an incredible viewing experience that continues to promote the MGM brand and its quality, as well as high definition content to movie lovers around the globe."
Guest-Tek (Toronto Stock Exchange: GTK) 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 over 2,696 properties and over 445,000 rooms. 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. For more information about Guest-Tek, go to www.guest-tek.com.
About Metro-Goldwyn-Mayer Inc.
Metro-Goldwyn-Mayer Inc., through its operating subsidiaries is actively engaged in the worldwide production and distribution of motion pictures, television programming, home video, interactive media, music, and licensed merchandise. The company owns the world’s largest library of modern films, comprising around 4,100 titles. Operating units including Metro-Goldwyn-Mayer Studios Inc., Metro-Goldwyn-Mayer Pictures Inc., United Artists Films Inc., Ventanazul, MGM Television Entertainment Inc., MGM Networks Inc., MGM Distribution Co., MGM International Television Distribution Inc., Metro-Goldwyn-Mayer Home Entertainment LLC, MGM ON STAGE, MGM Music, MGM Consumer Products and MGM Interactive. In addition, MGM has ownership interests in international TV channels reaching over 125 countries and territories around the world. MGM ownership is currently as follows: Providence Equity Partners (29%), Texas Pacific Group (21%), Sony Corporation of America (20%), Comcast (20%), DLJ Merchant Banking Partners (7%) and Quadrangle Group (3%). For more information, visit www.mgm.com.
Arnon Levy, President & CEO
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