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Oxford Media Announces Agreement with Ramada Inn28 March 2006
Oxford Media, Inc. (OTC Bulletin Board: OXMI), a secure digital communication and technology company, announced today it has signed an agreement with the Salt Lake City, Utah Ramada Inn, through one of its Platinum Dealers, CCDR Communications, Inc./Crystal-Clear.TV for digital Video-on-Demand and Pay-Per-View entertainment to its 174 rooms, scheduled to complete installation in April 2006. "How exciting to discover something so phenomenal is available now for all the wonderful hotel owners that I've been communicating with for the last several years. Each one has been waiting patiently for something that not only can fulfill their need of video on demand, but also interact with their Property Management System (PMS) making their guests enjoy the feeling of staying at a 5 star hotel," stated Rhonda Hunter, President of CCDR Communications, Inc./Crystal-Clear.TV. "The momentum with our dealers is validating our business model and seeing traction to meet our goals. Our focus, delivery and attention to our client's needs are what will make us a great success," stated Rick Shafer, Oxford Media's Executive Vice President of Sales. As part of the Agreement, Oxford Media was granted "rooftop rights" to install a WiMAX antenna or similar transmitting/receiving device on the rooftop of the Ramada Inn. The sole consideration to be paid by Oxford Media for these rooftop rights will be a percentage of future revenue derived from the antenna, which is to be negotiated. About Oxford Media, Inc. Oxford Media is a leading developer of Private Broadband Networks (PBN) and proprietary software and hardware, which allows for the delivery of low-cost broadband Internet access as well as video and audio content on demand on a Pay-Per-View basis. Oxford Media's recently introduced a proprietary digital Video-on-Demand (VOD) and Pay-Per-View (PPV) entertainment system. It is scalable and a turnkey system offering hotel guests a variety of video content on-demand including the latest first-run Hollywood Movies. The low-cost system is very affordable when compared to other digital systems currently employed by larger properties and consequently is aimed at the small and mid-sized hotels and motels -- a segment of the hotel industry previously underserved and unable to offer such services to their guests. This targeted market of hotel properties between 50 to 300 rooms, comprises over 2.4 million hotel rooms in the U.S. and represents approximately 56% of the total hotel market. Oxford's wholly owned subsidiary Creative Business Concepts, Inc. is a wireless and business systems provider specializing in WiFi/WiMAX, IT Security and IT Integration, and Telecom. As part of these service offerings, CBC designs and installs specialty communication systems for data, voice, video, and telecom. http://www.oxfordmediainc.com Special Note Regarding Forward-Looking Statements: Statements in this news release about anticipated or expected future revenue or growth or expressions of future goals or objectives, including statements regarding whether current plans to grow and strengthen the Company's existing business, are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements in this release are based upon information available to the Company on the date of this release. Any forward-looking statements involve risks and uncertainties, including the risk that the Company will be unable to grow or strengthen its business due to a lack of capital or an inability to identify acquisition candidates and that the Company may not realize anticipated cost savings or revenue growth opportunities associated with any acquisitions, planned or otherwise. Additionally, forward-looking statements concerning the performance of the Company's business are based on current market conditions and risks, which may change as the result of certain regulatory, competitive or economic events, as well as those risks and uncertainties described in the Company's filings with the Securities and Exchange Commission, which could cause actual events or results to differ materially from the events or results described in the forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements. Contact: Investor Relations: The Del Mar Consulting Group, Inc. (858) 794-9500 bprag@delmarconsulting.com or Redwood Consultants (415) 884-0348 investorinfo@redwoodconsultants.com
Source: prnewswire
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