FOR IMMEDIATE RELEASE:
Colorado Springs, CO— (July 1, 2014) – PhoneSuite Solutions, Inc. and VTech Telecommunications Limited (VTech), a wholly owned subsidiary of VTech Holdings Limited (HKSE: 303), today announced a strategic alliance for the Caribbean & Latin American Region (CALA). Under the alliance, PhoneSuite Solutions and VTech Hospitality will provide a bundled solution for the hospitality industry in the region.
“It is a pleasure to work with VTech Hospitality in the CALA Region. We strongly believe that VTech is the best-positioned company in the guestroom telephone space globally. VTech’s reach, manufacturing capacity and established dealer network has no equal. We believe that PhoneSuite’s cutting edge solutions will complement their offerings perfectly. This strategic alliance will see the companies offer bundled solutions as well as share leads and market intelligence for the benefit of both. We look forward to a mutually beneficial relationship over the coming years,” said Jose P. Quiros, Chief Executive Officer of PhoneSuite Solutions, Inc.
“Being selected as the product of choice for PhoneSuite Solutions’ bundled offerings is very exciting for us. The alliance allows both companies to focus on a sector of the market that is largely untapped in today’s landscape. The market place is the true winner in this alliance,” said Chad M. Collins, Senior Sales Director, VTech Hospitality, Americas.
About PhoneSuite Solutions, Inc.
PhoneSuite Solutions, Inc., is a separate legal entity from Call Management Products, Inc. (“CMP”). CMP designs, manufactures and owns the PhoneSuite brand, products and technology. PhoneSuite Solutions is charged with the development of certain key markets for CMP under CMP’s brand name PhoneSuite. PhoneSuite is dedicated to the design and manufacture of products and is proud to have installed 4,000 systems in hotel properties ranging from B&B’s to 475-room franchise hotels. CMP /PhoneSuite is a Preferred Vendor for several major hotel chains, an Allied Member of the American Hotel & Lodging Association (AH&LA), a Founding Sponsor of the Asian American Hotel Owners Association (AAHOA), a member of Hotel Technology Next Generation (HTNG), and was recognized by the Denver Business Journal as one of the Top 25 Fastest-Growing Small Private Companies.
VTech is the global leader in electronic learning products from infancy to preschool and the world’s largest manufacturer of cordless phones. It also provides highly sought-after contract manufacturing services and telephony solutions for the hospitality industry. The company has leveraged its expertise and success in cordless telephones to offer a portfolio of cost-effective, cutting-edge business phone solutions as well. Founded in 1976, VTech’s mission is to design, manufacture and supply innovative and high-quality products in a manner that minimizes any impact on the environment, while creating sustainable value for our stakeholders and the community.
VTech Hospitality leverages the Group’s 20 years of experience and expertise in consumer telephony to develop innovative communication solutions customized specifically for hotels, resorts and conference centers. VTech delivers scalable phone systems that can be optimized for a variety of different business models, property configurations and hotel guest needs. For more information, please visit www.vtechhotelphones.com. www.vtechhotelphones.com/video-gallery .
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.