Tivus, Inc. (TIVU) President and CEO Provides Investors with Overview and Commentary of First Quarter Progress
Tivus, Inc. today provided commentary on its first quarter 2011 progress deploying the hotel industry's first Internet-based, in-room, high-definition (HD), Internet-protocol television (IPTV) content-on-demand (COD) system in 2,500 hotel rooms. "The first quarter has ended with our pioneering HD IPTV COD system live in more than three-hundred rooms and has already been enjoyed by tens-of-thousands of hotel guests," commented Shiva Prakash, Tivus' president and chief executive officer. "The first quarter of 2011 has exceeded our expectations, while the entire company has been at work on multiple, concurrent initiatives. "The highpoint of our fiscal 2011 first quarter was our execution of…