This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Hotel Outsource Management International, Inc.: New Contract With A Luxury Hotel

Hotel Outsource Management International, Inc. (OTCBB: HOUM) (“ HOMI”, or the “ Company”) has announced that it has signed an Outsourcing Agreement for the installation of its HOMI ® 232 Computerized Minibar systems with the Isrotel Beresheet Hotel in Mitzpe Ramon, Israel, a luxury hotel which is scheduled to open in March / April 2011.

HOMI will install the HOMI ® 232 Computerized Minibar systems in 112 rooms. The installation is scheduled to take place during March / April 2011.

The Isrotel Beresheet is a unique leisure resort Hotel in Mitzpe Ramon. The 112 room hotel will offer its guests a service of the highest standards, alongside the attractions associated with the Ramon Crater and the Negev desert.

The Isrotel Beresheet Hotel also includes a state-of-the-art spa and features small two-storey units or 'chalets,' each with a ground floor suite, boasting its own private swimming pool.

Mr. Daniel Cohen, HOMI’s President, stated: "We are pleased to announce the signing of an agreement with an additional luxury hotel, enhancing our activity in the upscale segment. This is our second upscale hotel with the Isrotel Group, following the Isrotel Royal Beach Hotel in Eilat, where we began operations in July 2010. We continue to focus on expanding HOMI's business in our main target regions: the United States; selected countries in Europe; and Israel. We believe that this installation will be very successful."

About HOMI

HOMI is a multi-national service provider in the hospitality industry, supplying a range of services in relation to computerized minibars that are primarily intended for in-room refreshments. HOMI was incorporated under the laws of Delaware in 2000 and is listed on the Over-the-Counter Bulletin Board, or "OTC Bulletin Board" under the symbol "HOUM.OB."

HOMI and its subsidiaries are engaged in the distribution, marketing and operation of computerized minibars in major branded hotel chains, operating approximately 10,160 computerized minibar systems at 34 hotels located in the United States, Europe, Israel and Australia, and in the development and manufacture of a new range of computerized minibar systems, designed to improve the performance of minibar departments, thereby improving the hotel’s bottom line.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,673.83 -4.40 -0.02%
S&P 500 2,060.10 +3.95 0.19%
NASDAQ 4,879.6870 +16.3250 0.34%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs