Lyfe Communications Begins Servicing Tenants at The Mayfair at Turtle Creek Providing Immediate Revenues
February 06, 2013 --
SALT LAKE CITY, Feb. 6, 2013 (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 completed its installation of requisite bandwidth and is providing its Internet services to tenants at The Mayfair at Turtle Creek apartment complex in Dallas, Texas.
Lyfe is now supplying Data services to each of the almost 150 customers in the apartment complex. The current contract will run through 2015. The company is also now well positioned to follow on with subscription Telephony, Cloud Backup, Wireless Access and other services to the customer base which will provide additional revenues.
"Bulk service contracts with apartment complexes such as The Mayfair at Turtle Creek and property management groups are a tremendous asset to Lyfe Communications because they allow us to provide services to each tenant in the property and begin recognizing revenue from the property on day one," said Garrett Daw, EVP of Operations at Lyfe Communications. "We are pleased to have begun servicing tenants at The Mayfair at Turtle Creek and look forward to steady, contractual monthly revenues for every unit in the complex for the length of our contract, and the opportunity to offer additional services to every unit down the road."
About Lyfe Communications
Lyfe Communications, Inc. (OTCBB: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.
CONTACT: Lyfe Communications, Inc.
Garrett R. Daw
American Capital Ventures
Howard Gostfrand, President