SAN JOSE, Calif., August 3, 2000 (PRIMEZONE) -- On Command Corporation (Nasdaq:ONCO) announced today that the Company has entered into a new exclusive master services contract with Adam's Mark Hotels and Resorts. As part of the agreement, On Command will install and upgrade all properties of Adam's Mark Hotels and Resorts - 23 hotel properties and 13,000 guestrooms - with its advanced, interactive OCX(r) platform, providing the latest feature films-on-demand, interactive entertainment, and Internet services. On Command will also serve as the sole preferred provider of in-room services for all additional properties acquired by the Adam's Mark Hotel and Resorts over the term of the agreement.
Through On Command, all of the Adam's Mark Hotels and Resorts will have access to the customized Internet portal, combining the convenience of television with the power of the Internet. This proprietary application, expected to be deployed in 2001, will provide guests with access to virtual tours of local restaurants and happenings, business communication services, streaming video and audio, specific hotel services and online shopping.
"This exciting partnership positions On Command to be precisely on track to meet our goal of installing the OCX platform in 150,000 rooms by the end of the year," said Jerome H. Kern, Chairman and Chief Executive Officer of On Command. "Adam's Mark Hotels and Resorts are committed to providing their guests with a superior and distinctive hospitality experience. And to fulfill those requirements, On Command will deliver the most advanced in-room services available to their hotels."
"We wanted to work with On Command because they are the market leaders in providing in-room services and entertainment to hotel guests," said Fred Kummer III, Executive Vice President of Adam's Mark Hotels and Resorts. "As one of the premier hoteliers, Adam's Mark Hotels & Resorts offers its guests only those services which meet the highest standards. Clearly, the advanced entertainment and interactive features provided by On Command meet our guests' demanding standards."
About Adam's Mark Hotels & Resorts
Adam's Mark Hotels & Resorts is an upscale quality-hotel chain with 23 properties throughout the nation. HBE Corporation, the parent company of Adam's Mark was founded in 1960 and has grown from a small construction company to a multi-division national corporation focused on designing and building medical and financial facilities. HBE entered the hospitality industry in 1973 with the formation of Adam's Mark Hotels & Resorts, one of the largest and fastest growing independently owned and operated hotel organizations today.
About On Command Corporation
On Command Corporation (www.oncommand.com) is the leading provider of in-room interactive entertainment, Internet services, business information and guest services for the lodging industry and its guests. The company is based in San Jose, California, with offices across the United States and around the world. On Command Corporation annually serves more than 250 million guests through nearly one million rooms in approximately 3,355 hotel properties in more than 22 countries. These hotel partners include more than 100 of the most prestigious hotel chains and operators in the lodging industry: Adam's Mark Hotels and Resorts; Bass Hotels & Resorts (InterContinental, Crowne Plaza, and Holiday Inn); Fairmont; Four Seasons; Hilton (Doubletree, Embassy Suites); Hyatt; Loews; Marriott (Courtyard, Renaissance, Fairfield Inn & Residence Inn); Radisson; Ramada; Starwood Hotels & Resorts (Westin, Sheraton, W Hotels, Four Points); and Wyndham Hotels & Resorts. OCX is a registered trademark of On Command Corporation. On Command is listed on the NASDAQ Stock Market under the symbol ONCO and its warrants are traded under the symbols ONCOW and ONCOZ.
This report contains, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgments of those issues. However, because those statements are forward-looking and apply to future events, they are subject to risks and uncertainties, such as the inability to deploy the customized Internet portal by 2001, which could cause the Company's results to differ materially. In addition to the factors discussed herein, which could cause the Company's results to differ materially, this report should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended December 31, 1999 as filed with the Securities and Exchange Commission