SALT LAKE CITY, March 27, 2013 (GLOBE NEWSWIRE) -- Lyfe Communications, Inc. (OTCQB:LYFE) ("Lyfe" or the "Company"), a technology leader in the development of next generation media and communication services integrating TV, high-speed Internet and enhanced voice services through a single broadband connection across all connected devices, today announced a partnership with leading wireless service provider, Inspire WiFi, to provide wireless services to MDU (Multiple Dwelling Unit) properties, bringing new customers and new revenues to the Company.
Inspire WiFi's wireless network capabilities enable Lyfe to provide a wireless extension to it's existing wired service in a revenue share model. The combined Lyfe and Inspire WiFi solution will increase per property revenue by connecting more tenants.
Inspire WiFi is one of the largest MDU wireless service providers in the country with over 70,000 users in 27 states. The Inspire WiFi Residential Solution is an entirely turnkey broadband solution, delivering WiFi without the hassle of installing or supporting the network. They have also pioneered a custom marketing program, which helps communities promote their property to existing and prospective residents. Many Inspire WiFi customers see a significant increase in occupancy due to providing WiFi as a differentiator."We are pleased to provide wireless services with Lyfe Communications, enabling high-speed connectivity to their growing customer base," said Steven Scheck, CEO at Inspire WiFi. "We look forward to partnering with Lyfe to deliver a full wireless solution." "As MDU customer demand for advanced digital media services continues to grow, we will be actively engaging with wireless service providers such as Inspire WiFi to extend our broadband services to more tenants, increase penetration rates, and add revenue per property," 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 . About Inspire WiFi Inspire WiFi, based in Miami, Florida, is the nationwide leader of WiFi networks for the multifamily, healthcare and hospitality industries with over 70,000 users in 27 states. The Inspire WiFi Residential Solution is entirely turnkey which allows forward thinking property owners to provide their residents and guests the popular amenity of WiFi without the hassle of installing or supporting the WiFi network. The nationwide network of wireless engineers, technical support representatives and on-site support technicians allow the company's partners to focus on adding value to their communities. Inspire WiFi has also pioneered a custom marketing program which helps communities promote their WiFi amenity to prospective residents. Many Inspire WiFi customers see a significant increase in occupancy and rent levels due to providing WiFi as a differentiator. It's time to give residents the WiFi amenity they crave — IT'S TIME TO GET CONNECTED!! For more information, please visit www.inspirewifi.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 Tel: 1-801-597-5161 email@example.com American Capital Ventures Howard Gostfrand, President Tel: 305.918.7000 firstname.lastname@example.org
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV