Teledex Reduces Prices On Economy Products - Passes Production Cost Savings Directly to Hoteliers on Pearl Product Line

San Jose, California, Teledex LLC, the leading worldwide provider of telephones for the hospitality industry, today announced that, as a result of reductions in production costs, it is reducing the selling prices of its recently announced Pearl line of guestroom telephones. Originally announced in August, 2002, the Pearl product line was developed specifically for the fast-growing economy and limited service sectors of the hospitality industry.

Teledex is passing production cost savings on the Pearl product line directly to its customers. New pricing for both Pearl models is as follows: The manufacturer's suggested retail price (MSRP) for the Pearl (non-speakerphone) model is now $19.95. Previous MSRP for the Pearl was $24.95.

The MSRP for the Pearl S (speakerphone) model is now $24.95. Previous MSRP for the Pearl S was $29.95.

Comments Teledex VP/Worldwide Sales Bill Dunmyer, "This is a time in our industry when properties and hotel companies are trying to save every dollar they can. When we released the Pearl line in August of this year, we knew we had a winner on our hands, based on the immediate positive response from the industry. By negotiating further with our suppliers and parts vendors, we have driven more cost out of the production of the Pearl line, without comprising quality, and are very happy to pass these savings on to our customers."

Availability - Pearl guestroom telephones are available from authorized Teledex Pearl distributors. For a list of Pearl distributors, please contact Teledex at [email protected], or by calling 1-800-794-8353.

About Teledex - With over 6.5 million guestroom telephones shipped, Teledex is the worldwide leader in providing feature-rich, durable telecommunications devices to the global hospitality industry, and has been selected as a preferred supplier by most major hotel chains, as well as a number of multinational corporations. For more information, visit www.teledex.com.

For over 10 years Teledex guestroom telephones have led the industry by providing reliable operation and features which increase service revenue. The new Millennium and Diamond Elite phones featuring pending MPC technology provides proprietary business class features. See why Teledex brand telephones are what business travelers expect in world class hotels.