OMAHA, NE--(Marketwire - 09/30/10) - Tivus, Inc. (Pinksheets:TIVU - News), a provider of turnkey media entertainment technology to the hotel and hospitality industry, today announced it has submitted to the Secretary of State an amendment to its Corporate Charter to reduce Tivus' authorized share count from 2,000,000,000 shares to 300,000,000 shares."Typically, once a change is submitted to the Secretary of State, processing and completion of the share reduction in a Corporate Charter can take a few weeks to be officially accessible," commented Shiva Prakash, Tivus' president and chief executive officer. "I look forward to updating shareholders once I have confirmation from the Secretary of State of its successful filing."In addition, Tivus is moving ahead executing its business plan to install its unique-to-the-hotel-industry HD IPTV network. Our sales team has been met with enthusiastic acceptance of Tivus' new revenue sharing-based paradigm -- turning what was once a major hotel capital expenditure that produced little to no revenue, into a significant profit center."We are excited to have recently signed the Omaha Doubletree®, and I expect announcements of new properties and other hotel chains to follow as we complete advanced discussions with a number of key targets," Prakash concluded.About Tivus, Inc.
Tivus, Inc. is a technology entertainment services company that provides internet-based TV and Cable programming, interactive game content, and goods & services to the hotel/hospitality industry. Using onsite hardware and software, including ultra-modern flat screen televisions, Tivus offers hotel guests secure broadband connectivity to the Internet via a proprietary Network Operations Center, allowing Tivus to uniquely monitor, protect and track each customer transaction. Tivus not only provides its customers a turnkey entertainment solution for its guests, for the first time, the hotel's entertainment system will be a multifaceted platform in which to generate previously untapped revenues through commercial spots, advertisements of local tourist services, and hotel promotions, etc. For more information, please visit www.tivus.com.One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. We urge investors to review the risks and uncertainties contained within its filings with the OTC Markets and/or Securities and Exchange Commission.
- Shiva Prakash