VANCOUVER, Oct. 26 / CINEMA INTERNET NETWORKS INC. (d.b.a. CinemaWorks, CDNX: CWK) is pleased to announce that it has signed a commercial agreement with Wiredinn.com Inc. Under the agreement, the companies have joined forces to deploy free high-speed Internet services to the hospitality industry worldwide.
Under the terms of the commercial agreement:
* CinemaWorks will have first right of refusal to install and to thereafter maintain Internet connectivity services for hotels in Canada and the United States.
* International locations may be added to the agreement at a later date.
* CinemaWorks will own the high-speed Internet network equipment unless a hotel customer buys the equipment. In most cases, it is anticipated that the high-speed Internet equipment will be leased or rented on a turnkey basis.
Wiredinn.com will provide and maintain the Wiredinn Portal, a content-rich resource for travelers featuring news, information, business tools and services, for each hotel.
According to William Massey, CEO and Chairman of CinemaWorks, “We are delighted to have completed our commercial agreement with Wiredinn for North America. CinemaWorks will benefit greatly by providing high-speed Internet equipment, as well as contract installation and maintenance to hotels in Canada and the USA. We are also looking forward to assisting Wiredinn internationally.”