Ezenet acquires Guest Video 13:28, Friday, 22 September 2006
Sydney - Friday - September 22: (RWE Aust Business News) - Ezenet (ASX:EZE) will acquire Guest Video, the supplier of analogue tape movie content to 3,950 hotel and motel rooms throughout Australia. The price, which is confidential, was paid in cash and would have little impact on cash flow or reserves, Ezenet said. The acquisition will add to subsidiary Ezestream's already profitable business and pay back within months, Ezenet managing director Richard Burt said. The addition of Guest Video takes Ezestream's total rooms to 19,994.