SALT LAKE CITY, April 18, 2013 (GLOBE NEWSWIRE) -- Lyfe Communications, Inc. (OTCBB:LYFE) ("Lyfe" or the "Company"), 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 completed its installation of requisite bandwidth and is providing its Internet and Telephony services to tenants at The Vendome at Turtle Creek condominium complex in Dallas, Texas.
With the upgraded services now in place, Lyfe can now begin supplying Internet and Telephony services to almost 120 customers in the condominium complex. Assuming full customer acquisition this could potentially add more than $50,000 in revenue for the Company on an annual basis. The company is also well positioned to follow on with subscription Cloud Backup, Wireless Access, and other services to the customer base, which will provide additional revenues.
"The Vendome at Turtle Creek is a sophisticated, 'Class A' high rise condo complex with only the most modern amenities, and centrally located in the Dallas market. By selecting Lyfe as their media services provider, they are confident in our ability to deliver only the highest quality next generation media services to their tenants, and even more so, to allow us to offer additional subscription services like Cloud Backup and Wireless Access in the future. We are excited to be working with The Vendome condominium complex. Servicing new customers, such as the tenants of The Vendome, with the best in next generation media services and customer support is an initiative we continually look forward to," said Garrett Daw, EVP of Operations at Lyfe Communications.
About Lyfe Communications
Lyfe Communications, Inc. (OTCQB:LYFE), based in Salt Lake City, UT, is a leading technology company that develops, deploys and operates a proprietary converged network services platform delivering next generation media and communications services to subscribers, through a single broadband connection, across various connected home and portable devices. The Company's patent-pending innovations transform traditional digital television into a highly flexible IP (Internet Protocol)-based network service, offering subscribers powerful new features such as the delivery of standard definition TV, HDTV and Video-on-Demand across virtually any IP network to any connected device through a single, integrated service. Utilizing existing networks and patent-pending technology, Lyfe can achieve reduced operating costs and capex requirements, while providing customers with superior speed and connectivity at lower price points. The Company's services are available to multi-family residential communities through its subsidiary Connected Lyfe. For more information, please visit www.connectedlyfe.com.
Forward Looking Statements
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.