Hawthorne, New Jersey - (The Hosting News) - February 27, 2008 - Carrier class communications technology company, MSTI Holdings, Inc.'s wholly-owned subsidiary, Microwave Satellite Technologies, Inc. (MST, Inc./NuVisions), has entered into an amendment in its agreement with Trump International Hotel and Tower Condominium (Trump).
Under the terms of the amendment, the parties have extended MST's service provider agreement through June 30, 2013 at One Central Park, a luxury condominium hotel in Manhattan. MST will provide expanded services, including the launch of MST's IP-based Video on Demand solution into the high-end hospitality market. MST will also install the next-generation infrastructure that will support the fastest Internet connections available commercially. The agreement can be extended further by mutual agreement of the parties.
Suzie Mills, General Manager of Trump noted, ''We are pleased to extend our agreement with MST and offer our guests the latest in communications technology. Trump International seeks to provide the latest technology and finest service to its guests, and we believe that expanding our relationship with MST furthers this objective. We look forward to growing our relationship with MST and continuing to offer the finest in communications-related amenities which guests of Trump have come to expect.''
In the coming months, MST will provide television programming to all 176 hotel rooms at One Central Park, which Trump will offer free to guests. MST will receive a monthly fee for each room it provides television services to. The programming will feature a combination of analog television and Internet Protocol Television (IPTV), offering guests a diverse selection of programming. MST expects to generate additional revenue from the sale of VoD, high-speed Internet and interactive services, which will be offered on a pay-per-use basis. The parties will share the revenue generated from such guest usage.
Frank T. Matarazzo, CEO, Microwave Satellite Technologies, Inc. added, ''We are excited that Trump has elected to expand the services that MST will offer. One Central Park, one of the finest luxury properties in New York City, represents the ideal venue for MST to launch its VoD solution for the high-end hospitality market. The amended agreement not only provides MST with a predictable long-term source of revenue, but will allow us to generate additional income from the sale of enhanced services. We look forward to expanding our relationship with the Trump Organization in the future and continuing to provide the quality and variety of service that have become our hallmark.''
NuVisions, a trademark of Microwave Satellite Technologies, Inc., offers ''quad play'' services, including cable programming, Voice over Internet Protocol telephone (VoIP), high-speed Internet access, and Wi-Fi services to multi-dwelling unit properties in New York, New Jersey and San Francisco.
MST Inc., a wholly-owned subsidiary of MSTI Holdings, Inc., (MSHI.OB) is a communications technology company that specializes in video to the desktop, video conferencing, distance learning, two-way data, and Internet access services. MST Inc. offers complete sales, installation, and service of VSAT and business television networks, and is a full-service national Internet Service Provider (ISP), offering the latest in web hosting and design. MST Inc.'s NuVisions Broadband services offer cable television, cable modem high-speed Internet, and telephone services to multi-family residences, commercial buildings, and institutional owners. MST Inc. delivers its services using microwave and fiber optic technology for superior performance, and now offers over 500 television channels with more than 45 channels of high definition television (HDTV). MST Inc. has begun deployment of its new Interactive Wi-Fi, hot-zone system that will offer wireless Internet service in large geographic areas of New York City, and is introducing the newest Powerline Carrier (PLC) technology to high-speed Internet users in apartment buildings, hotels, and business environments.
For more information about NuVisions, please visit: www.nuvisionsbroadband.com.
To learn more about MST Inc., please visit: www.mst-online.com.
