OXMI Oxford Announces Agreement to Provide Video-On-Demand, Satellite TV and High-Speed Wireless Internet to 240 Unit Albuquerque Complex
Market Wire - January 19, 2006 8:53 AM (EDT)
IRVINE, CA -- (MARKET WIRE) -- Jan 19, 2006 -- Oxford Media, Inc. (OTC BB: OXMI), a secure digital communication and technology company, announced today it has signed an agreement with Comco III for the sale and installation of a bundled suite of products and services including its proprietary Video-On-Demand Entertainment System, known as eMOD, Satellite Television Service and High-Speed Wireless Internet Access for Comco III's 240-unit apartment project in Albuquerque, New Mexico known as Sunchase Apartment Homes. This agreement marks Oxford Media's first sale and deployment of VOD, Satellite TV and Internet Access in the multi-dwelling unit (MDU) market.
Additionally, the rooftop of the apartment complex will be the location where Oxford Media plans to install and test a beta version of a WiMAX antennae as part of its Phase II Strategy of building and owning a large Private Broadband Network (PBN) utilizing WiMAX (Worldwide Interoperability for Microwave Access) wide-area wireless broadband technology in rural underserved markets.
Oxford Media plans to optimize its eMOD entertainment systems installed at hotels by utilizing WiMAX technology to offer VOD, Internet access and other broadband-based products and services to consumers and businesses in the local markets surrounding its hotel/motel installations. In essence, Oxford Media is leveraging the rights it procures to rooftops of its hotel/motel customers as "subsidized" locations to build and own what it anticipates will become one of the largest Private Broadband Networks (PBN) in the United States.
Commenting on the announcement David Belnap, a principal of Comco III, stated, "Oxford Media's bundled offering of Satellite TV, Pay-Per-View VOD movies and high-speed wireless Internet access will dramatically enhance the quality of life for tenants of our apartment complex while adding a new source of revenue for Comco III."
Tom Hemingway, CEO of Oxford Media, stated, "This Agreement is a milestone for Oxford Media on three different counts. First, it illustrates our ability to offer a bundled series of services to the marketplace; second, it establishes Oxford Media's entry into the vast apartment building and MDU market; and, third, it provides us with an ideal location to test our Phase II planned deployment of a WiMAX Private Broadband Network (PBN)."
Oxford Media recently began a sales and marketing campaign of its proprietary digital Video-On-Demand and Pay-Per-View entertainment system, known as eMOD, aimed at the small and mid-sized hotels and motels -- a segment of the hotel industry previously underserved and unable to offer such services to their guests. This targeted market of hospitality properties with between 50 to 300 rooms comprises over 2.4 million hotel rooms in the U.S. and represents approximately 56% of the total hotel market.
The eMOD digital Video-On-Demand system is a turnkey solution that runs on the existing RF cable plant already installed in the property and integrates easily with both satellite and cable Free-To-Guest (FTG) systems. It can work with both smart and non-smart plug televisions. This low-cost, compact and energy-efficient video-on-demand system requires little maintenance and utilizes remote diagnostics and maintenance for maximum uptime.
