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NEWS ARTICLE
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23 June 2005


Luxury High Definition iTV Service Secures Funding

HITEC, LOS ANGELES – Today at the Hotel Industry Technology Exposition & Conference (HITEC), Tassos Kazinos, chief executive of Neos Interactive announced that his company has now completed the funding of its next phase of global expansion and product development, and welcomed Prakash Shukla, chief information officer of TATA Group’s Taj Hotels to the Board of Neos Interactive.

Neos is demonstrating the latest generation of its interactive TV system for the hospitality industry at HITEC, and is featuring its IPTV with High Definition TV and Movies, and new levels of integration with audio-visual, games and Network camera hardware.

Neos also named two additional landmark hotels which will soon be running Neos systems: the celebrated Sandy Lane, Barbados, and the new Grosvenor House, Dubai.

“Neos is already regarded throughout Europe and the Middle East as the standard by which other guest technology systems should be judged,” said Neos Chief Executive Tassos Kazinos. “Neos now has the funding to take its technology leadership to Asia and the Americas.

“Thanks to our partnership with SST, a TATA Group promoted company, Neos now has the technology backing of one of the world’s largest software companies behind it, and I am pleased to announce they will be taking a shareholding in Neos, as a result of which I can welcome Prakash Shukla – CIO for TATA’s Taj Hotels and President of SST, to the Board of Neos.”

Responding, Prakash Shukla, thanked Neos and announced that Taj was committing to the future of technology in the hospitality industry by this strategic initiative.

“When we first selected Neos for the Taj Mahal Palace in Mumbai, we realized that it would set the entertainment and guest technology standard for five-star hotels throughout the world,” said Shukla.

“Using technology resources within TATA Group, Asia’s largest exporter of software, we have been working with Neos in developing new functionality for its next generation of hotel guest systems. Today I can announce the decision to make the Taj ‘51 Buckingham Gate’, our exclusive property in the heart of London, Europe’s first all-High Definition TV hotel with the launch of the new Neos HD system.”


About Neos Interactive Limited: Neos Interactive, based in London U.K., has developed an original invention from Trinity College, Dublin and the Rutherford Appleton Laboratory, Oxford into a revolutionary hotel multi-media platform, Neos iTV, to deliver on-demand video and music services, PC applications, together with TV Internet access. Unlike other in-room entertainment systems, Neos iTV has a user-friendly and intuitive interface, which can be customized to each client hotel’s needs in appearance and functionality and comes with the broadest selection of media content. Current customers include Starwood, Mandarin Oriental, Kempinski, Meridien, Fairmont, and Taj Hotel Group hotels, Sandy Lane, Barbados, and the Dorchester which, after installing Neos won the British Computer Society award for Best Service Application of Technology in the UK as well as other technology awards.

For more information about Neos Interactive, please visit: www.neosinteractive.com

About the TATA Group and SST Technologies: Founded as a textile trader more than a century ago, TATA is now India’s largest industrial conglomerate, operating 80 companies in seven sectors including engineering products, communications and information technology services. Speech & Software Technologies is a TATA promoted company providing technology solutions to telecom carriers and the hotel industry, including TATA’s own Taj Hotel Group. It was founded in 1997 and is involved in the research and development of speech technologies including value-added products and services in the area of automatic speech recognition, computer telephony and internet-telephony convergence.

For more information about Speech & Software Technologies please visit www.sstil.com

CONTACT
Geoffrey Breeze
Phone: +44 (20) 7242 8666 ext. 203
Fax: +44 (20) 7242 8667
Email: Geoffrey.Breeze@neosinteractive.com

ORGANIZATION
Hospitality NetNeos Interactive Limited
http://www.neosinteractive.com
233 High Holborn
London, WC1V 7DN
United Kingdom
Phone: +44 (0) 20 7242 8666
Fax: +44 (0) 20 7242 8667
Email: Geoffrey.Breeze@neosinteractive.com

RECENT NEWS
Wednesday 13 July 2005 | Neos Interactive was demonstrating the latest generation of its interactive TV system for the hospitality industry at HITEC, and is featuring its IPTV with High Definition TV and Movies, and new levels of integration with audio-visual, games and Network camera hardware.
Tuesday 21 June 2005 | HITEC, Los Angeles, Guests at some of the world’s top hotels will now be able to experience the revolutionary hotel guest entertainment system by Neos Interactive, thanks to two new partnerships with the Sandy Lane, Barbados resort and the new Grosvenor House Hotel & Apartments, Dubai Marina.




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