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.”
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