NxTV Europe Establishes Strong Presence in London;
Begins Installation of Its Digital HD Entertainment System at Four Seasons Canary
Wharf
LOS ANGELES, August 7, 2006 (BUSINESS WIRE) - NxTV, Inc., the leading provider of digital and high-definition in-room entertainment, voice and data "triple play" services to luxury hotels worldwide, has begun the installation of its system at the Four Seasons Hotel Canary Wharf in London. NxTV will supply the hotel's guest rooms with a full suite of digital entertainment and data services, including HD video-on-demand, high speed Internet access and a customized guest interface.
With its spectacular riverfront setting and ultramodern towers, Canary Wharf is London's newest financial centre. The elegant Four Seasons Hotel Canary Wharf, overlooking the River Thames, boasts 10 stories of modern style in a historical setting. Built on the site of the West India Quay, Canary Wharf provides a stunning backdrop for the hotel's 142 contemporary guest rooms and suites, among the largest of their kind in the city.
"NxTV's proven track record of success in the North American luxury hotel market has fueled our recent growth into international markets like Asia-Pacific, Latin America and Europe," said James Miles, CEO of NxTV, Inc. "We are very pleased to begin the installation of our system at Four Seasons Canary Wharf. This premier hotel is just the first of many as NxTV continues to expand globally." The company's installation pipeline in Europe also includes the renowned Four Seasons Hotel George V in Paris, France, as well as several other signature properties throughout the UK and the Continent.
NxTV is owned by The Pivotal Group, an investment company with a $2 billion portfolio of real estate, hotel and technology assets, including The Promontory in Salt Lake City and Internet domain registrar Network Solutions, Inc. which Pivotal recently purchased from VeriSign, Inc. (NASDAQ: VRSN).
About NxTV, Inc.
NxTV, Inc., based in Los Angeles, California, leads the global hospitality industry in the delivery of IP-based, 100% digital in-room entertainment solutions that allow hotel owners to take full advantage of new technology today and in the future, and offer guests the ultimate on-screen entertainment experience. NxTV's system runs over the hotel's existing converged IP network, which enables the property to communicate with a wide variety of in-room technologies without the cost, effort and risk of installing and maintaining separate networks for each hotel application.
Incorporated in 1997, NxTV has the largest installed base of 100% secure IP digital in-room entertainment systems in the hospitality industry. The NxTV System delivers the triple play of digital IP-based in-room entertainment services including High Definition Video On Demand (HD VOD) and HD IPTV Free to Guest content, wired and wireless high-speed Internet access, and a customizable guest interface. Clients consist of the world's most prestigious hotel brands, including Four Seasons, Peninsula, Raffles, W Hotels, St. Regis, MGM Grand, Le Meridien and Hyatt. NxTV, Inc. has offices and customers in the Americas, Caribbean, Europe and Asia.
SOURCE: NxTV Inc.
NxTV, Inc.
Eric Stern
818-737-8267
estern@nxtv.com