SALT LAKE CITY, July 6, 2011 (GLOBE NEWSWIRE) -- Lyfe Communications, Inc. (OTCBB:LYFE) ("Lyfe"), a technology leader in the development of next generation media services integrating TV, high-speed Internet and enhanced voice services, today announced the Company has finalized a three year agreement to provide Internet service to Stonebrook Condominiums.
Stonebrook Condominiums is a collection of 168 units located in Orem, Utah, managed by Advantage Management and Real Estate Services, LLC, one of Utah's largest property management groups. Initial services began July 1, 2011 with Lyfe offering high speed internet to each customer. Additional services including voice and IPTV will follow in the future. The contract provides immediate and sustained revenues for the next three years. All services will be deployed through the Utopia high speed fiber network.
"I am excited because this relationship provides an opportunity for Lyfe to demonstrate to Advantage Management and the market what our technologies are capable of doing. This relationship furthers our goal of working with large multi-dwelling units and homeowner's associations like Stonebrook and real estate management groups," said Greg Smith, Founder and CEO of Lyfe Communications. "Our partnership with Utopia is one of the key elements in providing our services to projects like Stonebrook," continued Smith, "Utopia continues to be a great partner with Lyfe."
About Advantage Management and Real Estate Services, LLC. Advantage Management and Real Estate Services, LLC. is committed to providing the highest quality of service to Real Estate investors and Homeowners Associations throughout Utah County. The Company's mission is to save property owners time and money, by taking care of all the time consuming day to day functions of Investment Properties and Homeowners Associations in addition to providing maintenance service. Advantage Management and Real Estate Services, LLC. is a full service Real Estate Company and provides services for many of Utah's premier communities including Pepperwood, Saratoga Springs, Traverse Mountain, Country Woods, Indian Springs and many others.
Forward Looking Statement: 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.