Roomlinx Names Frank Watervoort as Chief Information Officer
DENVER, Apr 9, 2012 (GlobeNewswire via COMTEX) --
Roomlinx, Inc. (OTC:RMLX) the innovative developer of interactive TV (iTV) applications for the hospitality industry, is expanding its senior leadership team as a result of the signing of a Master Service Agreement with Hyatt Hotel Corporation on March 12, 2012. The Hyatt roll out will begin immediately and it is anticipated that up to 60,000 Hyatt rooms will be installed with Roomlinx's iTV platform within the next two years.
Frank Watervoort will serve as Chief Information Officer, leading all aspects of technology and software development.
"I'm excited to have Frank as part of the Roomlinx team," said Chief Executive Officer Michael Wasik. "He's a technologist and a leader with global perspective and proven success building strong software development teams and innovative products. By adding Frank to our team, we're demonstrating our commitment to provide properties with revenue-generating media and entertainment technology that creates true differentiation--and gives their guests another great reason to stay with them."
Watervoort brings extensive IT, e-commerce and digital advertising experience to Roomlinx. Prior to joining Roomlinx, he co-owned and served as President, Chief Technology Officer and Managing Director of eonBusiness Corporation. There he worked with e-commerce customers including AT&T, First Data and Western Union and provided web-based start-ups with venture capital and strategic guidance. While at eonBusiness, Watervoort was an early player in pay-per-click advertising, co-founding two companies that attracted customers including Expedia, Travelocity and Orbitz and were eventually sold to Microsoft. He also held a variety of senior leadership positions in global corporations including EchoStar Europe and CSG International.
Educated in the Netherlands, Watervoort studied computer science and has a degree in mechanical engineering.
Headquartered in Broomfield, Colorado, Roomlinx, Inc. develops interactive TV applications for the hospitality industry, serving hoteliers in the United States, Canada and selected global markets. The company delivers world-class in-room entertainment technology, allowing hotel guests to enjoy the best of HD TV, the Internet, PC functionality and Video on Demand. For more information, visit www.roomlinx.com.
Safe Harbor Cautionary Statement
This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. These statements include statements regarding the Hyatt hotels roll out (including the timing thereof) and Roomlinx's growth as a result of the master service agreement with an affiliate of Hyatt Hotels Corporation. These forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the Company's successful implementation of new products and services (either generally or with specific key customers), the Company's ability to satisfy the contractual terms of key customer contracts, demand for the new products and services, the Company's ability to successfully compete against competitors offering similar products and services, general economic and business conditions; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies research and development activities; changes in, or failure to comply with, governmental regulations; the ability to obtain adequate financing in the future; the Company's ability to establish and maintain strategic relationships, including the risk that key customer contracts may be terminated before their full term; the possibility of product-related liabilities; the Company's ability to attract and retain qualified personnel; the Company's ability to maintain its intellectual property rights and litigation involving intellectual property rights; risks related to third-party suppliers; the Company's ability to obtain, use or successfully integrate third-party licensed technology; breach of the Company's security by third parties; and the risk factors detailed from time to time in the Company's reports filed with the Securities and Exchange Commission, including our 2010 Annual Report on Form 10-K available through the web site maintained by the Securities and Exchange Commission at www.sec.gov. The Company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise.
This news release was distributed by GlobeNewswire, www.globenewswire.com
CONTACT: Roomlinx, Inc.
Christina Wasik, 303.544.1111 x114
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