Tivus Files Opinion Letter on OTC Markets to Attain Pinksheets Current Status
OMAHA, NE, Jan 13, 2011 (MARKETWIRE via COMTEX) -- Tivus, Inc. (pinksheets:TIVU), a provider of turnkey entertainment technology to the hotel and hospitality industry, in anticipation of becoming Pink Sheets Current, today filed its attorney's opinion letter opining that counsel, based on the information obtained from Company officers and other sources, believes the information contained in the Company's public filings is "adequate current public information" regarding the Company and its securities.
"I am pleased to report the filing of our attorney's opinion completes the requirements for Tivus to attain full 'PS' or Pink Sheets Current Information Status," commented Shiva Prakash, Tivus' president and chief executive officer. "This is but the first step to Tivus becoming a fully reporting company and up-listing. We are submitting our GAAP Financials to our auditing firm and are aggressively working towards the up-listing."
Tivus leads the internet-protocol television (IPTV) hotel entertainment industry creating the first-ever revenue-sharing-back-to-the-hotel IPTV service, turning hotel TV entertainment systems into a significant profit center.
"With the Company now gaining momentum on all fronts, establishing firm regulatory footing will ensure our shareholders have the most accurate and transparent information possible, as well as clearing the way for access to necessary growth capital," Prakash concluded.
About Tivus, Inc. Tivus, Inc. is a technology entertainment services company that provides internet-based TV, VOD & IPTV solutions to hotel/hospitality industry. Tivus uniquely monitor and track each customer choice of content. Tivus not only provides its customers a turnkey entertainment solution for its guests, for the first time, the hotel's entertainment system will be a multifaceted platform in which to generate previously untapped revenues through commercial spots, advertisements of local tourist services, and hotel promotions, etc. For more information, please visit http://www.tivus.com.
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