Oxford Media, Inc. (OTCBB: OXMI)
OXMI is a leading developer of digital VOD and PPV entertainment systems that are scalable and turnkey offering hotel guests a variety of video content on-demand including the latest first-run Hollywood Movies, while giving a ROI to property owners.
Oxford Media, Inc. has signed a binding agreement with SVI Systems, Inc. (SVI) (http://www.svi.com/) to acquire SVI’s Hotel Business.
SVI Systems, Inc. is 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.
As a result of the acquisition, Oxford Media will become the third largest provider of VOD services to the hotel industry in the United States, and the number one provider of VOD services to the under-served small and mid-sized hotels and motels having less than 300 rooms per hotel.
http://biz.yahoo.com/prnews/060606/latu038.html?.v=57
OXMI is on a rapid growth path.
OXMI has a solid strategy to achieve profitability.
The Company has re-energized its Sales Model since February, 2006 with the appointment of new CEO, Lew Jaffe.
And now, a Major Acquisition will provide the “Critical Mass” of Installations and Revenue Stream to accelerate growth.
Founded in 1988 and based in Peoria, IL, SVI’s Hotel Business currently serves over 2,400 hotels, with approximately 1,900 hotel properties utilizing SVI’s VOD solution in over 155,000 rooms. SVI had annual revenues of approximately $13 million with positive EBITDA and cash flow for the year ended December 31, 2005.
http://biz.yahoo.com/prnews/060606/latu038.html?.v=57
The business opportunities look bright for OXMI.
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