XETA Technologies Launches Hospitality Business Unit
23 February 2011 - 1:00AM
XETA Technologies, Inc. (Nasdaq:XETA) today announced the launch of
its new hospitality business unit, XETA Hospitality Solutions
(XHS). The unit, led by Managing Director Mark Holzberg, former CEO
of Lorica Solutions, brings to bear all of the Company's resources
along with newly acquired capabilities and competencies to address
the dynamic technology needs of the hospitality industry.
Best known within the hospitality vertical for its 30-year
history of providing voice-related products and services to hotels,
XETA acquired converged network and broadband (HSIA) specialist
Lorica in May 2010 to address the evolving hospitality landscape.
Lorica operated as a division of XETA through 2010 until the
formation of XHS. With its hospitality industry focus and nearly
3,000 hotel clients, XHS provides U.S. and international hotels and
resorts a full range of network, broadband and communications
products and managed services.
XETA's legacy dates back to the early 1980s when it started out
as a call accounting system company servicing the hotel industry.
"Over the ensuing decades, we expanded into the PBX business and
ultimately became a national provider of converged communications
solutions in the entire enterprise space," said Greg Forrest, CEO
of XETA. "However, the hospitality vertical has always been a very
special and important part of our business. Building on our
acquisition of Lorica, we are reinvesting in this dynamic and
evolving space with the formation of a business unit devoted to the
industry. Under Mark Holzberg's leadership, XHS is extremely well
positioned to be a leader and truly trusted advisor within the
hospitality market."
"As the industry continues to evolve, so has our industry
solution set. With the expansion of our product and solutions
offerings, we created a standalone unit that is solely focused on
the hospitality vertical and that reflects our true capabilities,"
said Holzberg. "XETA began as a niche player in the hospitality
industry and has a rich history in the market. We plan to build on
that history with continued innovation and expansion."
For more information on XETA Hospitality Solutions, please visit
www.xeta.com/markets/Pages/Hospitality.aspx or call
1-877-456-7422.
About XETA Hospitality Solutions
XETA Hospitality Solutions is a business unit of XETA
Technologies, Inc. that provides dedicated solutions and services
to the hospitality industry, including the design, implementation,
management and support of converged communications, broadband and
data networks. In addition to XETA's corporate headquarters in
Broken Arrow, Okla., and other remote offices, the Company operates
its new XETA Solutions Center adjacent to St. Louis Lambert
International Airport. The centrally located 27,000-square-foot
XETA Solutions Center houses a 24x7x365 Guest and Staff Help Desk
and Network Operations Center, as well as a parts warehouse and
staging facility. For more information on XETA Hospitality
Solutions, please visit www.xeta.com/markets/Pages/Hospitality.aspx
or call 1-877-456-7422.
The XETA Technologies, Inc., logo is a registered trademark of
XETA Technologies and is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=7103
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
These include statements concerning expectations for the XETA
Hospitality Solutions business unit of XETA Technologies, Inc.
These and other forward-looking statements (generally identified by
such words as "expects," "plans," "believes," "likely,"
"anticipates," "should," "may," "will" and similar words or
expressions) reflect management's current expectations,
assumptions, and beliefs based upon information currently available
to management. Investors are cautioned that all forward-looking
statements are subject to certain risks and uncertainties which are
difficult to predict and that could cause actual results to differ
materially from those projected. These risks and uncertainties
include, but are not limited to: the risk that the positive results
anticipated from creating the hospitality business unit will not
materialize as expected; the condition of the U.S. economy and its
impact on capital spending in the Company's markets; changes in
regulation and the regulatory environment; failure to adapt product
and service offerings to changes in customer preferences and in
technology; the successful integration of recently acquired
businesses into that of the Company and realization of anticipated
synergies and growth opportunities from these transactions; the
Company's involvement in disputes and legal proceedings; changes in
Avaya's strategies regarding the provision of equipment and
services to its customers, and in its policies regarding the
availability of tier IV hardware and software support and the
negative impact that may have on the Company's services gross
margins as well as on customer satisfaction; unpredictable quarter
to quarter revenues; continuing success of our Mitel product and
service offerings; the Company's ability to maintain and improve
upon current gross profit margins; intense competition and industry
consolidation; dependence upon a few large wholesale customers for
the recent growth in the Company's Managed Services offering; the
availability and retention of qualified personnel such as revenue
professionals, sales agents and certified technicians; and risks
related to PAETEC's acquisition and integration of XETA, such as
the ability of PAETEC and XETA to consummate the
acquisition. Additional factors that could affect actual
results are described in the "Risk Factors" section of the
Company's Form 10-K and Form 10-Q filings with the SEC.
CONTACT: Jordan Guthmann for XETA Technologies
Jordan@wallerpr.com
(918) 587-1909
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