IRVINE, Dec. 19, 2003 (PRIMEZONE) -- eSynch Corporation (OTCBB:ESYN) announced today its wholly owned subsidiary, Oxford Media Corporation, has signed a letter of intent with eMOD Systems and its wholly owned subsidiaries, including SkyPath Satellite Systems, Inc. SkyPath Satellite Systems, Inc., a California Corporation based in Dallas, Texas, which provides the free-to-guest (FTG) programming from DirecTV or Dish Network to the hospitality industry. SkyPath is ranked in the top 20 FTG providers in the country with over $1M in annual revenues, is profitable and experiencing continued upward growth. SkyPath will market the eMOD system along with the FTG programming and projects an additional 15,000 rooms in the next 12 months.
The eMOD Hotel VOD System benefits the guest, the hotel and the content owners. The hotel guests can enjoy high quality video when they want it, easily and discreetly. The hotel is not involved in the transaction or service, yet receives many financial benefits with the system. The system, with proprietary ordering and billing software, secure Internet delivery of content, rapid deployment, low cost installation and on-line service and upgrades provides a very stable platform to the hotel industry with several significant advantages over competing systems. The system has been in development and testing for over five years.
"We've worked hard on this transaction with eMOD and look forward to a super beginning of the New Year. The income projections we've seen are solid and consistent with our requirements," said Tom Hemingway, Chairman and CEO. "Together with the management team from eMOD, we have the sales, technical experience and background to have a successful 2004. Our shareholders have affirmed their support," Mr. Hemingway continued.
About eSynch:
eSynch Corporation (http://www.esynch.com), founded in 1994, is a holding company for software development companies who design solutions for a myriad of business applications.
About eMOD Systems, Inc.
eMOD Systems is a digital solutions company concentrating on the secure high quality distribution of digital video content to the hotel industry.
Safe Harbor
Statements herein express management's beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, the ability to negotiate outstanding prior debts of acquired companies; properly identify acquisition partners; adequately perform due diligence; manage and integrate acquired businesses; react to quarterly fluctuations in results; raise working capital and secure other financing; respond to competition and rapidly changing technology; deal with market and stock price fluctuations; and other risks. These are and will be detailed, from time to time, in eSynch's Securities and Exchange Commission filings, including Forms 10-KSB, 10-QSB and 8-K. Actual results may differ materially from management's expectations.
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