Business Services Industry
Another Hotel in Israel Chooses HOMI® 330 Computerized Minibar System
Business Wire, Sept 17, 2008
NEW YORK -- Hotel Outsource Management International, Inc. ("HOMI") (NASDAQ:HOUM.OB) has announced the signing of an agreement with another hotel in Israel, the Sharon Herzliya Hotel.
The Sharon Herzliya Hotel is a well known, mid-to-upscale hotel, situated on the coast of Herzliya, near Tel Aviv. The hotel caters to both business and vacation clientele and has 170 rooms. HOMI will initially install the HOMI([R]) 330 Computerized Minibar system in 100 rooms, with the option for further installments in the remaining rooms.
Mr. Jacob Ronnel, HOMI's CEO, commented: "We are very pleased that the Sharon Herzliya Hotel has chosen HOMI's Complete Outsourcing Program, featuring our novel HOMI([R]) 330 Computerized Minibar System. We see this agreement as another phase in the penetration of the mid-scale sector, in Israel and world-wide, in which we see a significant growth potential."
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 7,900 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 nine months, HOMI has completed two installations of the HOMI([R]) 336 system and has entered into installation and operation agreements with another 9 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.
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