To Discuss Recent Developments in its Hospitality, Healthcare and Media Marketing Divisions, And Delivering on 2008 Free Cash Flow Target
SIOUX FALLS, S.D., Sept. 16 /PRNewswire-FirstCall/ -- LodgeNet Interactive
Corporation (Nasdaq: LNET), the leading provider of media and connectivity
solutions to hospitality and healthcare businesses, will present at the CL
King Best Ideas Conference at the Omni Hotel in New York City on Wednesday,
September 17, 2008. CEO Scott C. Petersen will discuss recent developments in
the Company's Hospitality, Healthcare and Media Marketing divisions and will
also comment on LodgeNet's delivering on its targeted $28 to $32 million of
Adjusted Free Cash Flow for 2008.
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Petersen will announce that LodgeNet is expanding its presence in China
with the installation of its interactive high-definition television (HDTV)
solution at the 360-room Four Seasons Macao, the third hotel within the
expansive casino/hotel complex being developed by Venetian Cotai Limited, an
affiliate of the Las Vegas Sands Corporation. LodgeNet previously has
installed and is operating its industry-leading system at the Venetian Macao
and the Sands Macao. With the opening of the Four Seasons property in
October, LodgeNet will have more than 3,500 rooms in operation in Macao.
Petersen will also comment on LodgeNet's broadband Internet services
business, highlighted by the addition of 9,100 new rooms in August and the
signing of a multi-year contract with Host Hotels & Resorts to deliver a
comprehensive broadband Internet connectivity solution to Host Hotels &
Resorts properties throughout Canada. As a part of this agreement, the
company has contracted to design, install and manage broadband services to
more than 1,600 guest rooms and 79 conference rooms owned by Host Hotels &
Resorts, including three Marriott full service hotels in Toronto, Ontario and
Calgary, as well as the Delta Meadowvale. LodgeNet's broadband solution will
enable Host Hotels to help their guests stay connected with a customized,
flexible solution for in-room broadband Internet access and broadband
conferencing that includes call center support.
The Hotel Networks, LodgeNet's division focused on generating
advertising-based media revenues from within its hospitality media and
connectivity business, is currently launching a number of new initiatives
including an expansion of its ad-supported cable channel lineup, on-demand
advertising opportunities with interactive telescoping capabilities from the
hotel video on demand (VOD) system, custom channel sponsorships, and the debut
of a promotional marketing services business.
