Executive Purchasing Program Endorses Hotel Information Systems' LodgingTouch Property Management System As Its Exclusive Property Management System Offered to VIP International's 1400 Hotels
Irvine, CA (June 22, 2001)…Hotel Information Systems (HIS), a division of MAI Systems Corporation
"We are delighted to be the preferred solutions provider of Property Management Solutions offered via the Executive Purchasing Program to VIP Hotels," stated W. Brian Kretzmer, CEO of MAI Systems Corporation. "The selection of LodgingTouch demonstrates our ability to meet the demands of hotels as varied as those comprising VIP's membership," Kretzmer continued.
Pivotal to the selection of LodgingTouch as Executive Purchasing Program's preferred solution of choice was HIS's ability to quickly and expertly develop the SynXis interface that provides the value-added proposition of GDS and ADS connectivity for VIP's hotels.
"Finding a PMS partner that could both provide an established, easy-to-use PMS and the talent to rapidly design and interface with VIP's central reservation system was high on our list," stated Tamara Tam of the Executive Purchasing Program. "In-depth product review demonstrated that HIS's LodgingTouch is the perfect match for VIP's diverse community of worldwide hotels," Ms. Tam continued.
LodgingTouch is a robust on-property solution with modules for front office, group sales, guest history, accounts receivable, travel agency, yield management, central reservations and central information that operates on Windows NTÒ.
About Hotel Information Systems
Hotel Information Systems, a division of MAI Systems Corporation
distributor network. Hotel Information Systems sells, installs and supports a wide variety of automation solutions including LodgingTouch™, Paragon™ and CLS™ Software. Offering superior performance and leading-edge
technology, these feature-rich solutions operate on Windows NTÒ, OS/400 and UNIX platforms and include modules for Front Office, Back Office, Central Reservations Systems (CRS) and Central Information Systems (CIS). For more information about Hotel Information Systems, visit the HIS website at
About Executive Purchasing Program
The Executive Purchasing Program is a division of Vancouver, B.C. based Executive Hotels & Resorts, a hotel management and development company. The diversified procurement program is the exclusive procurement and purchasing program servicing VIP International's group of over 1400 hotels worldwide. The Executive Purchasing Program offers a host of advantageous pre-negotiated pricing and supply relationships for a variety of hotel related service and product suppliers to the VIP hotel base. For more information about the Executive Purchasing Program call (604) 642-5250 attention Tamara Tam. Executive's parent company Executive Inn Group Corp. is traded on the Canadian venture Exchange under the symbol EIG.
About Hotel Information Systems
Hotel Information Systems, a division of MAI Systems Corporation
Certain statements in this news release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, 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 Company's ability to retain and increase revenue from existing clients and to execute agreements with new clients; the successful implementation of strategic relationships with other vendors and service providers; the competitive nature of the market for our software products and services; rapid technological change in the software industry and possible delays in development or shipment of new versions of key product lines; lack of enforceability of intellectual property rights; the Company's ability to attract and retain qualified technical and management personnel; declining economic conditions, including a slowdown or recession; inability to control costs; changes in our product pricing; changes in business strategy or development plans; and other factors set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2000 and other interim reports filed from time to time with the Securities and Exchange Commission. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.