SOURCE: Tivus, Inc.

Tivus, Inc.

March 02, 2011 09:46 ET

Tivus Executes MOU With Host Hotels & Resorts, Inc.

OMAHA, NE--(Marketwire - March 2, 2011) - Tivus, Inc. (PINKSHEETS: TIVU), a provider of turnkey high-definition Internet-protocol television (HD IPTV) in-room hotel entertainment, today announced it has entered into a memorandum of understanding (MOU) to deploy its new IP based, in-room content-on-demand (COD) systems in Host Hotels & Resorts, Inc. properties.

"We are of course eager to complete deployment of our unique, ad-insertion HD IPTV in certain Host properties," commented Shiva Prakash, Tivus' president and chief executive officer. "In the terms of the agreement, on successful completion of the 12-month MOU, Host can elect to execute a 60-month, revenue-sharing HD IPTV agreement."

"Tivus' engineers have achieved a true end-to-end IPTV solution for the hospitality entertainment industry, and we are pleased to showcase it with such a prestigious Company as Host."

"In the following days further details of the MOU will be forthcoming. Meanwhile, as Tivus' unique business model continues to be embraced by the industry, I am confident our relationships with hotel properties in other chains will soon follow," Prakash concluded.

About Host Hotels & Resorts, Inc.
Host Hotels & Resorts, Inc. is an S&P 500 and Fortune 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper upscale hotels. The Company currently owns 104 properties in the United States and 9 international properties totaling approximately 62,000 rooms. The Company also holds a non-controlling interest in a joint venture that owns 11 hotels in Europe with approximately 3,500 rooms and a second joint venture in Asia that is developing seven properties in India with approximately 1,750 rooms. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®, Fairmont®, Four Seasons®, Hilton®, Accor®, Swissotel® and Le Meridien®* in the operation of properties in over 50 major markets worldwide. For additional information, please visit the Company's website at http://www.hosthotels.com/.

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.com.

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