StockGuru News: Oxford Media to Acquire SVI Systems Creating the 3rd Largest VOD Provider in the Hospitality Industry
Oxford Media to Acquire SVI Systems Creating the 3rd Largest VOD Provider in the Hospitality Industry Oxford Media, Inc. (OTCBB: OXMI) IRVINE, Calif., June 6 /PRNewswire-FirstCall/ — Oxford Media, Inc. (OTC Bulletin Board: OXMI - News), a leading developer of scalable, turnkey hybrid digital VOD and PPV entertainment systems, announced today it has signed a binding agreement with SVI Systems, Inc. (SVI) (http://www.svi.com/) to acquire SVI’s Hotel Business, a leading provider of Video-On-Demand (VOD) movie systems, Free-to-Guest (FTG) satellite systems, and high-speed Internet and information solutions to the hospitality industry. SVI will retain its Healthcare Business which provides VOD education…