TiVUS begins Caribbean operations
"Company conducted initial site survey in Puerto Rico"
OMAHA, Neb., May 1, 2012
OMAHA, Neb., May 1, 2012 /PRNewswire/ — TiVUS, Inc. (OTCPK: TIVU) today announced it has expanded operations into the Caribbean Islands, a rich source of hotels and resorts, and has completed a site survey of its first property in Puerto Rico.
"After completing a year-long market feasibility study, I am proud to announce we have begun operations in the Caribbean Islands," commented Shiva Prakash, TiVUS' chief executive officer. "Our research indicated several areas with high concentrations of suitable hotels that exist in a relatively small geographical area, making this area of North America a practical locale in which to expand.
"Because of the feasibility study and yesterday's site survey in the Puerto Rico property, I am confident TiVUS' growth into the Greater Antilles holds a very high growth potential. Indeed, our system with its multi-language content and menus is ideally suited for hotels and resorts that attract worldwide travelers who speak the languages of the world.
TiVUS base of operations in the Caribbean will be in San Juan, PR. With yesterday's recent site survey completed, we expect to announce new contracts from this area soon.
"In other updates, our 2011 financial statement is currently in preparation, and I also expect to soon announce our annual shareholder meeting date to discuss our details for up listing, along with other items of interest to the Company's shareholders," Prakash concluded.
About TiVUS, Inc.
TiVUS, Inc. is a technology entertainment services company providing Internet-based TV and Cable programming, interactive game content, and goods & services to the hotel/hospitality industry. TiVUS' unique HD IPTV system is a complete hotel entertainment platform that, for the first time in the industry, generates previously untapped income for the hotel through ad-revenue sharing. For more information, please visit www.TiVUS.com and www.TiVUSconnect.wordpress.com, www.facebook.com/TiVUSconnect or www.twitter.com/TiVUSinc.
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SOURCE TiVUS, Inc.