This release contains forward-looking statements within
the meaning of the Securities Act of 1933, as amended, and the Securities
Exchange Act of 1934, as amended, and are subject to risks, uncertainties, and
other factors that could cause the Company's actual results, performance or
achievements to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the following: general economic and business
conditions, and trends in the lodging and entertainment industries in
particular; changes in hotel occupancy rates, business and leisure travel rates
and the "buy rate" of our customers; our ability to access popular movies, video
games, music and other content on terms that are acceptable to us; the impact of
regulations or competition on our products and services and changes to the
competitive environment for our products and services, including the ability of
our competitors to deliver on demand guest pay services through the Internet or
cable; the occurrence of one or more future terrorist attacks, wars, public
health concerns or other domestic or international crises; the ability of our
suppliers to provide key components and services necessary for the manufacture
and assembly of our interactive systems; uncertainties inherent in our new
business strategies, such as our efforts to expand our digital system to a
broader segment of our customer base; uncertainties inherent in our efforts to
improve operating results by increasing revenue and decreasing costs; our
ability to secure additional capital on terms that are acceptable to us and
sufficient to execute our business plan, including expanding the installation of
our digital system in our customers' guest rooms, and to adapt to technological
changes in our industry; changes in the nature of our relationships with hotel
chains and their franchisees, including our ability to obtain new customers and
to retain existing customers; the outcome of any litigation; the results of our
product development efforts relating to the development of new technologies and
the enhancement of existing technologies; and other factors detailed, from time
to time, in the Company's filings with the Securities and Exchange Commission.
These forward-looking statements speak only as of the date of this release. The
Company expressly disclaims any obligation or undertaking to release publicly
any updates or revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with regard thereto or any
change in events, conditions or circumstances on which any such statement is
based. LodgeNet is a registered trademark of LodgeNet Entertainment Corporation.
Other names and brands may be claimed as the property of others. All rights
reserved.