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Tivus, Inc., a provider of turnkey media entertainment technology to the hotel and hospitality industry, announced a vital IPTV supply chain agreement with European electronics giant Vestel Group, of Manisa, Turkey, through their Master North America Distributor, CVS International Ltd.
“The Vestel agreement provides Tivus a dependable supply of customized, top-quality high-definition televisions (HDTV),” commented Shiva Prakash, Tivus’ president and chief executive officer. “Tivus’ strategic agreement with Vestel provides a critical part in our supply chain and ensures continuous, successful deployments of Tivus’ innovative hotel HD IPTV and advertising platform.”
With USD $5.1 billion in annual sales, Vestel Group is a leading European electronics and appliance manufacturer exporting to over 100 countries, and sets the world’s standard with its array of products ranging from televisions, set-top boxes, and durable goods, to air conditioners and computers. Today, Vestel televisions alone account for over 21% of the total European market.
“We have passed several decisive milestones in the execution of our business plan. Significantly, initiatives establishing dependable hardware suppliers, identifying traditional financing partners, engaging professional management, and courting new hotel customers are all coalescing and rapidly growing Tivus into a more mature company. In the near future, I expect to be advising shareholders in more detail about these achievements as well as Tivus’ future course,” Prakash concluded.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
