CAIS Internet (Nasdaq: CAIS) announced today that Bass Hotels has issued a letter of intent for CAIS Internet as a chosen provider of broadband access, portal content, IPORT kiosk solutions, meeting room and back office solutions in its hotels and resorts. This agreement asserts CAIS Internet's dominant leadership of the multi-user market - with the opportunity to deliver broadband access and portal content to more than 1.5 million eyeballs daily in hotel and apartment communities across the country.
The letter of intent with Bass Hotels gives CAIS entry to negotiate a contract for Bass Hotels' 400,000 guest rooms and 2,700 properties worldwide. Each year, more than 150 million people stay at Bass Hotels & Resorts(SM)' international lodging brands. Around the globe, more than 2,700 hotels flying the Holiday Inn(R), Holiday Inn Express(R), Crowne Plaza(R), Staybridge Suites(SM) by Holiday Inn(R) and Inter-Continental(R) Hotels and Resorts flags offer a variety of services, amenities and lodging experiences catering to virtually every travel occasion and guest need. CAIS and Bass will announce specific contract and portal content details at a later date.
CAIS announced three major contracts in the last 45 days with Staybridge Suites by Holiday Inn (6,700 rooms, 250 properties and also a Bass brand), Cendant Properties on Oct. 19 (with more than 700,000 rooms and 6,000 properties), and now an endorsement of its service by Bass Hotels. CAIS Internet set the debate for broadband access solutions in the multi-user market and hospitality in January when it announced the first major chain-wide service contract with Hilton Hotels Corporation.
CAIS Internet has master agreements to deliver broadband access with major hotel chains like Hilton Hotels, John Q. Hammons Hotels, Carlson Worldwide Properties, Staybridge Suites by Holiday Inn, Cendant Corporation and now Bass Hotels - including brands like Hilton, Hilton Garden Inn, Radisson, Embassy Suites, Doubletree Suites, Ramada, Hampton Inn, Crowne Plaza, and Inter-Continental. CAIS has contracts with apartment community real estate corporations like One Point Communications, Tarragon Realty and Town and Country Trust. Those master agreements address the delivery of CAIS guest room broadband access, as well as meeting room, common area IPORT kiosk solutions and Business Anywhere(TM) self-operated business centers to all CAIS alliances. CAIS also has trials with all major hotel chains and real estate corporations.
About CAIS Internet
CAIS Internet, Inc. (Nasdaq: CAIS) is a leading broadband access solutions provider, delivering the latest in end-to-end solutions to new and emerging Internet markets.
CAIS provides customers with comprehensive Internet connections while traveling in hotels, cruise ships, airports, and other public areas as well as in businesses, in SOHOs, single-family homes and apartment communities. CAIS also develops portal content and interactive services. Combined with CAIS Internet, the company's software subsidiary CAIS Software Solutions, and its business center subsidiary Business Anywhere(TM), CAIS brings broadband connectivity to markets where Internet access did not previously exist.
As a fundamental delivery of its innovative solutions, CAIS also provides point-to-point high speed Internet access using HyperDSL lines to commercial and residential customers, as well as a full-range of T1, T3 and other dedicated Internet access to consumers, businesses and other downstream Internet providers. All CAIS Internet services are delivered with expert 24/7 technical and customer support.
CAIS Internet operates a Cisco-Powered, clear-channel Internet and ATM Network. CAIS currently peers with public and private partners, and at national exchange points MAE East, MAE East ATM, MAE West, and AADS. CAIS recently announced an agreement with Qwest that expands the CAIS network to 35 POPs nationwide, which accelerated CAIS network development one year ahead of forecast. Qwest also took a 4.2% equity stake in the broadband solutions provider.
CAIS Internet is headquartered in Washington, DC. More information on the company is available by calling 202.715.1300, or visiting the company's web site at www.cais.com.
-- CAIS is a registered trademark of CAIS Internet.
This release contains statements relating to CAIS's future expectations and business strategies or other "forward-looking" information. Those statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those contemplated by the statements. Important factors that may cause actual results to differ from projections include, among others: changes in business conditions; changes in the Internet services industry and the general economy; our limited operating history; our ability to manage rapid growth; our ability to enter into joint ventures and other strategic relationships with companies on terms acceptable to us; and the impact of computer and related problems that may arise from the Year 2000 problem on our business.
CONTACT: CAIS Internet Minda Markle, 202.715.1325 http://www.cais.com 07:46 EDT OCTOBER 20, 1999
© 1999 Kiosks.Org.