Press Release: eRoomSystem Technologies Inc.
July 5, 2002
ST. GEORGE, UT -- eRoomSystem Technologies Inc. (Nasdaq: ERMS), a leading supplier of in-room technologies for
the lodging industry, Wednesday announced the signing of a 7-year, revenue-sharing agreement with the newly renovated
Executive Plaza Hotel Chicago.
Overlooking the Chicago River, the 454-room Executive Plaza Hotel offers perhaps the largest guestrooms in downtown
Chicago and is superbly situated for both business and leisure travelers. eRoomSystem will install the new upright
display eRoomServ 5000 refreshment centers and eRoomTrays in each of the guestrooms in the third quarter of this
year.
"This new eRoomSystem product combination will provide an expanded offering of snacks and souvenirs to guests
that stay in this luxurious hotel," said David S. Harkness, eRoomSystem's chairman and chief executive officer.
"We look forward to working with Boykin Lodging Co. on this property, and will assist them in reviewing other
Boykin properties where our solution can efficiently increase their revenue per available room and the hotel's
profitability."
Boykin Lodging Co. (NYSE: BOY), a real estate investment trust (REIT) based in Cleveland, currently owns interests
in 33 hotels throughout the United States. Their portfolio includes 31 full-service hotels and two limited-service
hotels, all of which compete in the upscale to moderate price segment of the hospitality market.
Boykin's hotels are operated under premier nationally recognized hotel brands, including Marriott®, Radisson®,
Hilton®, Embassy Suites®, DoubleTree®, Holiday Inn®, QualitySuites®, Hampton Inn® and Courtyard
by Marriott®.
About eRoomSystem Technologies Inc.
eRoomSystem Technologies Inc. is a full-service in-room provider for the lodging and travel industries. Its intelligent
in-room computer platform and communications network supports eRoomSystem's line of fully automated and interactive
refreshment centers (minibars), room safes, ambient trays and other proposed applications.
Such applications include, or will include, in-room energy management systems, information management services,
credit card/smart card capability for direct billing, network access solutions, remote engineering and maintenance
services, and in-room cash advance. eRoomSystem's products are installed in major hotel chains both domestically
and internationally.
eRoomSystem is a publicly traded company listed on the NASDAQ SmallCap Market. You can visit eRoomSystem Technologies
Inc. on the World Wide Web at www.eroomsystem.com.
Certain statements in this press release with respect to future expectations and plans may be regarded as "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995.
Such statements, including, but not limited to, statements with respect to future earnings, and all other forward-looking
statements involve risks and uncertainties and are subject to change at any time.
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Contact:
eRoomSystem Technologies Inc., St. George
Gregory L. Hrncir, 435/688-3603 (Press/Investor)
Fax: 435/628-8611
E-mail: gc@eroomsystem.com