RoomLinX has signed a Letter of Intent to acquire SuiteSpeed. Under the terms of the non-binding
arrangement, RoomLinX will issue 21,450,000 shares of its common stock to
acquire the outstanding stock of SuiteSpeed. The shares will have
piggy-back registration rights commencing six months after the completion
of the acquisition.“Guests now demand quality WiFi service from the hotel industry,” said
Aaron Dobrinsky, CEO of RoomLinX. “As one of the few U.S. public companies
in this industry, we are uniquely positioned to leverage our scope and
competitive advantages for the benefit of our customers and shareholders.
Our proposed acquisition of SuiteSpeed demonstrates our commitment to our
stated strategy: to grow organically as well as through acquisitions.”

SuiteSpeed, a provider of high-speed wireless Internet access solutions,
has delivered WiFi services to hotels since 2000. The company serves
brand- name properties such as the Renaissance, Courtyard by Marriott,
Holiday Inn, Radisson, Hampton Inn and Best Western.

The transaction is subject to completion of due diligence,
execution of a definitive agreement and closing conditions to be provided
for in the definitive agreement. Customers will experience no disruption
in service, and their company contact points will remain unchanged. Upon
closing, SuiteSpeed founder Mike Wasik will join the executive team at
RoomLinX.

“SuiteSpeed is very excited about combining operations with RoomLinX,”
said Mike Wasik, founder and CEO of SuiteSpeed. “Together we will continue to help hotels provide important amenities to their guests, such as centralized printing, VOIP, and automated concierge services. We are confident that our customers will recognize the quality and market leadership that the combined entity will provide.”

RoomLinX also announced that Bob Lunde will be stepping down from its
board of directors. Bob was an executive of the company during last year’s
merger with Arc Communications and has served as an active board member
since then. The Company thanks Bob for his years of service.
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