First Phase Project Underway
SUNNYVALE, Calif., Nov. 12, 2013 /CNW/ - LeoNovus® Inc. ("LeoNovus") (TSXV:LTV), a leading Internet developer with its SMART Media Platform and distributed Cloud Services, and 360 VOX Corporation ("360 VOX") (TSXV: VOX), a global real estate company with hospitality services, asset management, real estate development and marketing and sales businesses announced today a partnership to deliver LeoNovus products and services to the multi-billion dollar global hospitality market. The Companies have signed an Agreement with an initial hotel group and are deploying their first phase of the project.
The LeoNovus hospitality product delivers a full suite of in-room infotainment, which provides just-in-time services and updates such as in-room dining, promotional advertising and real-time guest services information without printing or updating large binders. The newly designed easy-to-use interface with a full browser also allows for access to email and Facebook, or sourcing local hometown news and entertainment. Additionally the product leverages LeoNovus' proprietary Dark Core processing technologies to optimize an internal network for purposes of adding new revenue streams from cloud services.
"LeoNovus' unique technology allows us to take what is currently considered a cost center and move it into a profit center increasing the overall asset value of the hotel," said Robin Conners, President and CEO of 360 VOX. "We are delighted to have partnered with LeoNovus to scale this worldwide."
"Partnering with an international industry leader in the hospitality market sector is a great fit for LeoNovus so that we can marry our ground breaking technology with their market expertise for the best outcome," said Gordon Campbell, CEO of LeoNovus. "360 VOX is extremely experienced worldwide and is an ideal partner to ramp multiple services into this large marketplace including the ability to tap into the high growth cloud market opportunity with a premium offering."
The Companies are working to target properties in both Canada and the US to start. The initial hotel is underway and three additional properties have been identified as candidates for the first phase. The Companies plan to include international properties as part of their second phase strategy.
About LeoNovus Inc. (www.LeoNovus.com)
LeoNovus® is a publically traded company on the Toronto exchange with offices in Sunnyvale, CA. and Ottawa, Ontario. The Company has launched an innovative high performance browser-based SMART MEDIA PLATFORM with a remotely managed cloud system that provides HDTVs and other connected devices with unprecedented access to features, content, and functionality over the web without the cost, overhead and support of a PC. This approach delivers an extremely flexible just-in-time service model to multiple markets including residential, hospitality and health care. In parallel, LeoNovus utilizes its proprietary Dark Core™ technology with a unique ability to "light up" idle dark processors in hardware systems for purposes of building Intelligent Networks. This allows the Company to offer geo-dispersed cloud services for new revenue streams while reducing costs and increasing performance via distributed networks.
About 360 VOX Corporation (www.360vox.com)
360 VOX is a publicly traded company, incorporated under the laws of Ontario and listed on the TSX Venture Exchange under the symbol "VOX". 360 VOX is engaged in the business of managing and developing international hotel, resort, residential and commercial real estate projects through its wholly- owned subsidiaries, 360 VOX Asset Management Inc., 360 VOX GP, 360 VOX LLC, 360 VOX Developments Inc. and Wilton Properties Ltd. 360 VOX is also engaged in the sales and marketing of real estate through Sotheby's International Realty Canada and Blueprint Global Marketing.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with LeoNovus' and 360 VOX's growth, the state of the financial markets, regulatory risks and other factors. Forward-looking statements included or incorporated by reference in this press release include statements with respect to proposed terms of, and the intended use of proceeds of, the Offering. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, LeoNovus and 360 VOX disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on LeoNovus' and 360 VOX's public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.
SOURCE: LeoNovus Inc.
For further information:
LeoNovus, T. (408) 541-9400, F. (408) 548-9410, [email protected], Gordon Campbell, Chief Executive Officer; 360 VOX Corporation, T. (514) 987-6452, F. (514) 987-6456, Colin Yee, Chief Financial Officer