VANCOUVER, British Columbia, Jan. 13, 2004 (PRIMEZONE) -- Cinema Internet Networks Inc. (TSX Venture Exchange: CWK) (d.b.a. "CinemaWorks"), a Canadian provider of Internet equipment and services specializing in the hospitality market, recently installed its fifth high-end destination resort property with high-speed (broadband) Internet equipment and services.
"The demand for high-speed Internet access in destination resort properties is not surprising," said Bill Massey, CEO of CinemaWorks. "Travelers, whether they are on business or pleasure, demand access to the Internet as an integral part of their daily communications, whether it be with the office, home or with friends. In fact, we are finding that there is an even greater demand for our services when guests are away for extended lengths of time on their holidays. CinemaWorks, is of course, proud to be associated with two of the finest resorts in the world - Banff and Whistler."
CinemaWorks operates two hospitality business models: (1) The primary model requires the hotel to purchase the Internet equipment and then pay CinemaWorks an ongoing fixed fee for monthly Internet services (network operations, help desk, system maintenance and warranty). Broadband Internet connectivity may be purchased from CinemaWorks or the hotel provides its own. Under this model, the hotel solely determines pricing of the Internet services to guests and keeps 100% of the revenue generated by the Internet services. (2) With the Company's second business model, CinemaWorks makes a substantial capital equipment investment in the hotel's Internet system and provides an unlimited equipment warranty and ongoing monthly services (network operations, help desk, system maintenance and warranty) in exchange for a major percentage of the revenue generated by hotel guests using the broadband services. Under this model, CinemaWorks typically charges guests $9.95 - $12.95 per day for a high-speed connection to the Internet.
About CinemaWorks
Cinema Internet Networks Inc. (d.b.a. CinemaWorks) is a public company incorporated in Canada. Its shares trade on the TSX Venture Exchange under the ticker symbol "CWK" (TSX Venture Exchange: CWK). The Company has three main areas of focus over the short and long term: 1) value-added high-speed (broadband) Internet equipment and services; 2) wireless broadband Internet services; and 3) distribution of broadband Internet content including VoIP and entertainment.
For information on the company call 1-604-602-1280, or visit our website at, www.cinemaworks.com .
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.