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re: $$$$$ massive contract $$$$$ 8 March 2005 Company Announcements Office Australian Stock Exchange Limited 20 Bridge Street SYDNEY NSW 2000 By electronic lodgement SUBJECT: NORTH AMERICAN GROWTH STRATEGY PAYS FIVE STAR DIVIDENDS FOR EMT InterContinental and Crowne Plaza sites confirmed Sydney, March 08, 2005 – The Directors of Entertainment Media & Telecoms Corporation Ltd. (EMT) today confirmed the company has secured a contract for the supply of its Hotel Digital Video-on-Demand system to the prestigious InterContinental Miami. As further details of the previously announced expansion into the North American market unfold, it is confirmed that the management and maintenance contracts for eight InterContinental Hotels Group (IHG) North American properties were gained as part of the successful acquisition of business from Verizon Select Services. EMT’s management of Digital Video-on-Demand Entertainment Systems for IHG now cover over 3,000 luxury rooms and suites across the Crowne Plaza Royal Palm Miami, InterContinental Houston, InterContinental New Orleans, InterContinental Singapore, and the InterContinental “Barclay” in New York. The InterContinental Miami represents an additional 641 five star rooms and suites, building further on the 30,000 room North American foothold secured by the company last year. A further 329 rooms from the InterContinental Hotels Group are now also under management, comprising Staybridge Suite properties in Atlanta, Colorado, Illinois and Oklahoma. Entertainment Media & Telecoms Corporation Limited ABN: 81 071 275 253 Level 22, AGL Centre, 111 Pacific Hwy, North Sydney NSW 2060 Australia Ph: +61 2 9954 4200 Fax: +61 2 9954 5220 Email: [email protected] www.emtcorp.com.au
EMT Executive Chairman Mr. Peter Dykes today said “our company is delighted to be associated with such a prestigious hotel as the InterContinental Miami, and with a blue-chip organisation like IHG.” Mr. Dykes further added, “Having announced the first IHG contract independent of those acquired last year, our immediate priority in North America is providing continuity of service to IHG during the transition of contracts from Verizon Select Services. Every effort is being made to ensure IHG’s valued guests enjoy a consistently superior entertainment experience.” IHG Vice President Operations for North America, Lewis N. Fader, commented “IHG is delighted to work with EMT on the deployment of their digital video systems to our property base in North America. The leading edge technology of digital systems is being realized and provides advanced services to guests staying in our properties. We look forward to a continuing relationship with EMT with the end result being higher guest satisfaction with in-room entertainment.” EMT entered the North American market after signing contracts to supply Digital Video on Demand and High Speed Internet Access systems to the up-market Charles Hotel in Boston and luxury Ojai Valley Inn and Spa in California. On announcing those first contractual wins in the USA, Mr. Dykes signalled the intention of the EMT board was to drive the company aggressively into North America. Since then, EMT has secured a prime position as the 4th largest provider of digital-on-demand entertainment and connectivity systems for the hospitality sector across the USA and Canada. The Master Services Agreement for InterContinental properties as acquired from Verizon Select Services is expected to pave the way for EMT to negotiate additional contracts with IHG for supply of Digital Video on Demand Entertainment Services. In anticipation of continued growth in the U.S.A., a dedicated office for EMT has been established in Dallas, Texas with key executive personnel transitioned from the Sydney Head Office to further foster the relationship with IHG. “The inclusion of these much coveted properties in the EMT portfolio demonstrates an ability to deliver on our vision. We will continue to expand EMT, and we will secure a market-leading position as a global supplier and operator of digital-on-demand technologies,” said Mr. Dykes. “We have best fit technologies for the hospitality sector, we understand the application of broadband services in that market, and we have the right team, specialist technical skills base, the backing of a progressive financer for additional roll-outs and the intellectual property resources to achieve even more - at home and abroad.” emphasised Mr. Dykes.
About EMT Corporation Entertainment Media & Telecoms Corporation Ltd (EMT) is an Australian owned and run company listed on the Australian Stock Exchange, (ASX Code: ETC), incorporated in Delaware, North America and the parent company of GalaVu Entertainment Networks. EMT specializes in the provision and operation of Digital Service Delivery Systems for the Hospitality Industry, and provides modern digital technologies and content to over 30,000 rooms internationally. Sites operate in Australia, New Zealand, North America, Canada, UK, Caribbean, South Africa, Europe and Singapore. Headquartered in Sydney, Australia the company also operates offices in Singapore, Toronto, Dallas and Halifax. Preferred suppliers include Extreme Networks for Ethernet infrastructure, SolutionInc for High Speed Internet Access software and controls, and Eagle Broadband for Set Top Box technology. About InterContinental Hotels Group InterContinental Hotels Group PLC of the United Kingdom [LON:IHG, NYSE:IHG (ADRs)] is the world's most global hotel company and the largest by number of rooms. InterContinental Hotels Group owns, manages, leases or franchises, through various subsidiaries, more than 3,500 hotels and 536,000 guest rooms in nearly 100 countries and territories around the world. The Group owns a portfolio of well recognised and respected hotel brands including InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn® Hotels and Resorts, Holiday Inn Express®, Staybridge Suites®, Candlewood Suites® and Hotel IndigoTM, and also manages the world's largest hotel loyalty program, Priority Club® Rewards, with more than 23 million members worldwide. In addition to this, InterContinental Hotels Group has a controlling interest in Britvic, the second largest soft drinks manufacturer in the UK. InterContinental Hotels Group offers information and online reservations for all its hotel brands at www.ichotelsgroup.com and information for the Priority Club Rewards programme at www.priorityclub.com. For the latest news from InterContinental Hotels Group, visit our online Press Office at www.ihgplc.com/media.