Hotel Outsource Management International, Inc.: 5 Contracts for the Installation of the HOMI® Computerized Minibar Systems

Business Wire, Oct 27, 2008

The Systems Will Be Initially Installed in a Total of 1,147 Rooms

NEW YORK -- Hotel Outsource Management International, Inc. ("HOMI") (NASDAQ:HOUM.OB) has announced the signing of 5 additional agreements with upscale hotels in Israel, Spain, England and Canada, for the installation of the HOMI([R]) 330 and HOMI([R]) 336 Computerized Minibar systems.

All 5 hotels are upscale hotels, which enjoy central locations, primary positioning, and are a part of well known hotel brands: The Sheraton Plaza Jerusalem in Israel and the Sheraton Tenerife in Spain (Starwood Hotels); Leonardo Boutique Tel Aviv in Israel (the Israeli Fattal Hotel Chain - Opening December 2008); Jurys Great Russell Street Hotel in central London (the Irish Jurys Doyle group); and the Hyatt Regency Calgary in Canada (a Hyatt Hotel).

HOMI will initially install the HOMI([R]) Computerized Minibar systems in a total of 1,147 rooms, with the option for further installments at The Sheraton Plaza Jerusalem in Israel. Most of the installations are expected between December 2008 and February 2009.

Mr. Daniel Cohen, HOMI's President, commented: "We are delighted to announce the signing of another 5 additional contracts for the installation of our novel HOMI([R]) Computerized Minibar Systems. These contracts, signed with both new customers, such as the Jurys Doyle Group, and existing customers, such as the Hyatt and Starwood Groups, emphasize the efficiency of our unique business model, especially in a period such as the hospitality industry experiences these days."

About HOMI

HOMI is a multi-national service provider in the hospitality industry, supplying a range of services in relation to computerized minibars that are primarily intended for in-room refreshments. HOMI was incorporated under the laws of Delaware in 2000 and is listed on the Over-the-Counter Bulletin Board, or "OTC Bulletin Board" under the symbol "HOUM.OB."

HOMI and its subsidiaries are engaged in the distribution, marketing and operation of computerized minibars in major branded hotel chains, operating approximately 8,100 computerized minibar systems at 22 hotels located in the United States, Europe, Israel, Australia and South Africa, and in the development and manufacture of a new range of computerized minibar systems, designed to improve the performance of minibar departments, and thereby improving a hotel's bottom line.

HOMI offers a number of solutions that are designed to meet a hotel's needs, ranging from consultation, supervision and rental services, to full outsource installation and operation arrangements.

HOMI's leading products are the HOMI([R]) 336 and the HOMI([R]) 330, a smaller version of the HOMI([R]) 336, and a range of new, proprietary computerized minibar systems. The novel HOMI([R]) 336 and HOMI([R]) 330 are the next generation of computerized minibar systems, designed to increase the accuracy of automatic billing and reduce the cost of operating minibars.

In the past year, HOMI has completed 4 installations of the HOMI([R]) 336 and HOMI([R]) 330 systems and has entered into installation and operation agreements with another 12 hotels worldwide.

For more information about HOMI, visit: http://www.my-homi.com/

Forward-Looking Statement

This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or to the company's future financial performance. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the company's or the industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the company does not intend to update any of the forward-looking statements to conform these statements to actual results. The terms, the "Company", "we", "us", "our" means Hotel Outsource Management International, Inc and its subsidiaries, unless otherwise indicated.