Mexico Travel: Colima City - Hike Volcano of Fire |
Stop Parking Domain Names Develop Your Domain Names |
|||||
DCH, Inc. & Cantone Research, Inc. Agree to Purchase Number two Provider of Hotel Video, Internet
San Antonio, Texas (PRWEB) May 7, 2008 -- Diamondback Cooperative Holdings, Inc. (DCH), which provides domestic and international hospitality consulting services, announced today it has signed a purchase agreement to acquire the assets of SVI Media, a Peoria, Illinois-based video-on-demand and wireless Internet provider for approximately 2,600 hotels in the United States.
DCH was joined in the transaction by a group of investors led by Cantone Research, Inc., a financial services firm based in New Jersey. DCH will be actively involved in the business development and creative service aspects of the Company while Cantone will structure financial resources for the Company's expansion.
"It's time hoteliers get back the power-of-choice for a cost friendly, uniquely supported in-room entertainment and guest information service, says Dwaine Rivers, Chief Executive Officer of DCH. "It's now here, and the products we provide to the guest will get substantially better as we expand our creative services."
DCH had been evaluating several major media and communication providers over the past twenty-four months to determine which posed the greatest promise for expansion. As the second-largest hospitality video provider, SVI is rivaled only by Lodge Net/On-Command.
SVI will have a new, bolder look and image, led to market by Mike Harding, its new President and Chief Executive Officer. Harding is one of the top media turn around specialists in the industry with Emmy-award-winning media credentials. His vast knowledge of media and advertising is what appealed to the Company's board of directors. "Mike is the right man for the job as he has a wealth of experience," states Rivers. "We are in good hands with Mike running the day-to-day operations."
The company, which will change its name to Maximus Multimedia International, will focus on becoming the number one choice for hoteliers who are looking to provide the ultimate guest experience. "Our people possess the skills to take the old SVI Media and make it fresh and new, exciting and boldly attractive to everyone," says Rivers. DCH also plans to complement the Maximus brand with extended service partners to provide clients real choices no matter the budget.
"Our focus is simply to become the best choice in the marketplace," says Randall James, Executive Director of DCH. "We want to create an engaging and rewarding guest experience, and we are focused on creative ways to increase usage of in-room as well as public space media systems." James says Maximus will provide a complete product which fulfills the consumer's demand to be entertained at home, away, or while traveling.
The transaction is subject to approval of the United States Bankruptcy Court, Central District of Illinois at Peoria. Approval and closing are expected later this month.
Contact: Randall James 615-967-8048
###
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
|
MORE ARTICLES: Philadelphia Marriott Downtown in Center City Philadelphia Announces King Tut Exhibit Hotel Package Philadelphia Marriott Downtown offers a King Tut Package in partnership with the Franklin Institute. This Philly hotel package will include accommodations and VIP tickets to the Tutankhamen exhibit.
Brooklyn Educator Uses Faith and The Arts To Transform Hearts, Futures Of Inner-City Youth Through Her Non-Profit Youth Development Performing Arts Or
You Can Find Gold With A Metal Detector - Over $300 Worth Of Gold Found In A Local City Park
New York Lawyers; Vindictive Government Prosecutors
Emergency - Gas Fire!
Live On Fire
The Long and Winding Road to Getting a Government Grant
New Orleans a Submerged City
4 Steps to Sure-Fire Basketball Free Throws
7 Sure-fire Ways of Reducing Your Home Insurance Premium
Strata Title Hotel Investments
Take The Plunge In Ocean City
Wasatch Front Ski Accommodations, Providing Luxury Vacation Rentals at Affordable Prices Gains Notoriety in Salt Lake City and Nationally with the Pre
"6 Hour Learn Salsa Bootcamp - Sweeping The City of Los Angeles" Salsa Lessons in Los Angeles
Getting to Know Your Local City Council Members
|
|||||
| Develop Your Domain Names | Site Map | Home | ||||||