WORLD'S LARGEST GAMING COMPANY BUYS EQUITY IN LOCAL TECHNOLOGY COMPANY
Las Vegas, Nevada - NetBooth Corporation, a Las Vegas public Internet access group, announces a $2.5 million investment by Park Place Entertainment, the world's largest gaming company.
In addition to Park Place's equity position in NetBooth, the deal also calls for the installation of InRoom.com, a division of NetBooth, into more than 20,000 hotel rooms. According to Tony Caporicci, CEO of NetBooth, InRoom.com began deployment of its high-speed Internet access at Paris Las Vegas, a Park Place Entertainment property, on Monday, January 8, 2001. InRoom.com launched Phase 1 of the Paris Hotel project with installation of the high-speed bandwidth connection and custom PCs in guest rooms and suites.
InRoom.com delivers high-speed Internet access to guests of hotels, motels,
hospitals, and resorts. The InRoom.com system enables guests to view property
amenities, check e-mail and access the Internet, all from the comfort and privacy of their room. Sponsors and advertisers will support the system. It features 14 "channels":
News, Sports, Entertainment, Business and Finance, Games, Kids, Online Shopping,
Health and Beauty, Travel, Internet, E-mail, Local, After Hours, and the host property's proprietary content.
Through NetBooth's business relationships with Cisco Systems, IBM, AT&T, WorldWide Wireless Networks, Inc. and Park Place Entertainment, InRoom.com is realizing its potential. "It has taken a lot of time and energy but we are finally achieving our objective: To create the ultimate Internet experience for businesses and consumers alike," Caporicci remarked. "To accomplish that objective you need state-of-the-art technology, the best creative resources and teamwork. We have all of that and more."
In addition to InRoom.com, NetBooth Corporation has a division, NetBooth.com, that builds state-of-the-art computer kiosks with custom software applications for a variety of purposes and VegasPixels.com, the web design and development arm. NetBooth was founded in 1995.