SALT LAKE CITY, Nov. 27, 2012 (GLOBE NEWSWIRE) -- Lyfe Communications, Inc. (OTCBB:LYFE), a technology leader in the development of next generation media services integrating TV, high-speed Internet and enhanced voice services, today announced that it has signed a contract to provide services to The Mayfair at Turtle Creek apartment complex in Dallas, Texas.
This is a bulk contract that will extend the company's Data services to each of the almost 150 customers in the apartment complex. The services will be implemented in the first quarter of 2013, and the contract allows the company to service the customers through 2015. The company will also be well positioned to follow on with subscription Telephony services.
"Bulk service contracts with apartment complexes and property management groups are a tremendous asset to the company because they allow us to provide services to each tenant in the property on day one," said Garrett Daw, EVP of Operations at Lyfe Communications. "This deal represents contractual monthly revenues for every unit, and the opportunity to offer additional services to an existing customer base."
This press release may contain forward-looking statements including the Company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, changes in anticipated earnings of the company and other factors detailed in the company's filings with the SEC. In addition, the factors underlying Company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The Company does not undertake to update them; however, it may choose from time to time to update them and if it should do so, it will disseminate the updates to the investing public.