NEW YORK - (Business Wire) Hotel Outsource Management International, Inc. (OTCBB:HOUM.OB) (“HOMI”, or the “Company”), has announced that it has signed an agreement for the installation of Computerized Minibar systems and Outsource Operation with The Chelsea Wyndham Hotel, in New York City. The Chelsea Wyndham "Fashion26" Hotel is a newly opened upscale hotel located in Manhattan’s trendy Chelsea neighborhood. HOMI will install 280 HOMI ®330 Computerized Minibars during December 2009.
Mr. Daniel Cohen, HOMI’s President, stated: "We are pleased to announce the signing of this agreement with a Wyndham Hotel. This represents HOMI’s first agreement with this luxury hotel chain. We continue to enhance our activity in the upscale segment while expanding HOMI's business in the United States."
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 10,420 computerized minibar systems at 34 hotels located in the United States, Europe, Israel and Australia, 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 the hotel’s bottom line.
HOMI offers a number of solutions that are designed to meet the hotel's needs, ranging from consultation, supervision and rental services, to full outsource installation and operation arrangements.
HOMI's leading products are the HOMI® 336 and the HOMI® 330, a smaller version of the HOMI® 336. The novel HOMI® 336 and HOMI® 330 are the next generation of computerized minibar systems, designed to increase the accuracy of automatic billing and reduce the cost of operating minibars.
Since 2008, HOMI has completed 17 installations of the HOMI® 336 and HOMI® 330 systems.
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.
Hotel Outsource Management International, Inc.
Jacob Ronnel, CEO, + 972 9 9728620
jackronnel@my-homi.com
or
KM Investor Relations
Meirav Bauer, Account Director, + 972 3 5167620
meiravb@km-ir.co.il
