CareDecision Corp. (OTCBB:CDED) today announced the first deployment of its Wi-Fi ResidenceWare products to hotels in Minnesota and North Dakota. The Company`s initial revenue installations will be at the Days Inn of Jamestown, ND; the Super 8 Motel in Ely, MN; the Travelodge Inn of Maple Grove (Minneapolis), MN; and the Best Inn of Sartell, MN. Activities began three weeks ago with the implementation of the Company`s ResidenceWare Co-op program. Product shipment for revenue installations will begin in the current quarter.
ResidenceWare Guest is the most successful addition to CareDecision`s innovative portfolio of products that furnish electronic connectivity solutions across multiple markets. ResidenceWare provides hotel owners with an array of electronic features that enhance the services furnished to their guests and also represents a collateral and recurring revenue source through advertising fees, transaction fees, and rental Internet connections.
Robert Cox, CEO of CareDecision Corp., commented, “Less than three weeks ago we briefly discussed the past four hectic months, a period where the Company contracted with multiple clients scattered from coast to coast. Now, fifteen days after we initiated the revenue phase of our product through co-operative advertisement marketing, we find that the level of demand for our ResidenceWare product has escalated to the level that we have had to accelerate even our implementation schedule. This should result in earlier revenue recognition, and a win-win-win situation for shareholders, our clients and the consumer.”
Sanjay Patel, President of PCHertz.com, Inc., CareDecision`s ResidenceWare agent, stated, “Pre-installation advertising commitments from businesses, especially in the smaller towns, have been strong, pointing to the placement of the 2,500 units originally forecast. With current commitment rates for ad space on the networks running roughly 80% of capacity, we are looking to do a fairness lottery for those merchants who may become big volume producers of e-transactions.”
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This release contains forward-looking statements about our business or financial condition that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks that we are unable to predict. When used in this release, words such as “believes,” “expects,” “intends,” “plans,” “anticipates,” “estimates” and similar expressions are intended to identify forward-looking statements, although there may be certain statements not accompanied by such expressions. All forward-looking statements are intended to be covered by the safe harbor created by Section 21E of the Securities Exchange Act of 1934.