MyStay over-the-top (OTT) hardware and software solutions to broaden technology and IP portfolio of SELT
This correction is being issued with respect to the release issued earlier today March 12, 2015 at 09:35 CDT. The headline originally stated that Brooks Pickering was appointed President and CEO, and should have read President and "COO". The entire balance of original PR was correct.
LAS VEGAS, March 12, 2015 (GLOBE NEWSWIRE) -- Select-TV Solutions, Inc. ("SELT" or the "Company") (SELT), a provider of entertainment and guest services systems to the hotel and residential markets, announced today that it has executed formal purchase agreements for the acquisition of specific assets of MyStay, Inc., and the assets of MyStay-related hospitality operations. The Company also announced that it has appointed Brooks Pickering, Founder of MyStay, Inc., as its President and Chief Operating Officer.
MyStay also brings a focused expansion strategy and lineup of highly experienced industry executives who will add to the strength of the Select-TV Solutions team. Specifically, Mr. Pickering will be responsible for managing the company's accelerated growth strategy and daily operations. Prior to founding MyStay, Mr. Pickering has held several senior management positions with both public and private enterprises. He has successfully lead six companies as either CEO or President, including, most recently, Kelley Technologies, a leading hospitality and gaming technology integration firm. Mr. Pickering is also a leading developer of digital signage and social media platforms.
As part of its expansion strategy, the Company has already begun consolidation of its operations in Las Vegas, Nevada, where it is opening a new 11,000 sq. ft. facility. The SELT management team expects to transition all operations within 30 days and transition customer accounts within 90 days. An active sales force is in place and new customer installations will resume in early April.
Select-TV Solutions, Inc.'s Chief Executive Officer Geoffrey Mott stated, "I'm very pleased to announce this critical step in the assimilation of MyStay's hospitality assets into the Select-TV Solutions. We are convinced that the combination of our operations will accelerate SELT's business plan by at least twelve months and position the Company extremely well to meet both the cost and performance needs of hotels that want to elevate the guest experience and build customer loyalty. The management team joining us with this transaction will fill out key roles, enabling the Company to expand more rapidly and position it for accelerated growth and success in North America."
Mr. Pickering commented, "SELT and MyStay share a common vision to deliver the best next generation product offering and provide exciting new revenue opportunities for the hospitality industry. We allow hotels to better engage guests and monetize their unique position in the delivery of services to travelers. Our combined delivery capability, leadership, book of business and strategy is extraordinary and should pay great dividends for our combined investors."
About Select-TV Solutions, Inc.
Select-TV Solutions Inc. is an operating company focused on the hospitality industry. The company delivers a wide variety of entertainment, "virtual concierge", promotional and transactional services through its interactive TV system and mobile applications platform, enabling each hotel to offer a uniquely personalized suite of on-demand content and services to its guests.
About MyStay, Inc.
MyStay, Inc. is an interactive media and local advertising company within the hospitality, digital signage and social media industries.
Forward-Looking Statements:
Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on SELT's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors over which SELT has little or no control. Such forward-looking statements are made only as of the date of this release, and SELT assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by SELT with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities, nor shall there be any sale of the securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Securities Act and applicable state securities laws.
FOR MORE INFORMATION PLEASE VISIT OUR WEBSITES AT http://selectvsolutions.com and http://mystayinc.com
Company Contact:
Mr. Philippe Germain, Chairman
Tel: +1-418-264-7134
Email: PGermain@SelecTVSolutions.com
Investor Relations:
Antonio Treminio
Tel: +1-212-315-9705 1
Email: atreminio@SelecTVSolutions.com
HUG#1903003