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.
HOMI offers a number of solutions that are designed to meet the hotel's needs, ranging from consultation, supervision and rental services, to full outsource installation and operation arrangements.HOMI's leading products are the HOMI ® 330 and the HOMI ® 232. The novel HOMI ® 330 and HOMI ® 232 are the next generation of computerized minibar systems, designed to increase the accuracy of automatic billing and reduce the cost of operating minibars. For more information about HOMI, visit: http://www.my-homi.com/. Forward-Looking Statement This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements relate to future events or to the company's future financial performance. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the company's or the industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, the company does not intend to update any of the forward-looking statements to conform these statements to actual results. The terms, the "Company," "we," "us," "our" means Hotel Outsource Management International, Inc. and its subsidiaries, unless otherwise indicated.