SALT LAKE CITY, June 6, 2013 (GLOBE NEWSWIRE) -- Lyfe Communications, Inc. (OTCQB:LYFE), a technology leader in the development of next generation media services integrating TV, high-speed Internet and enhanced voice services, today announced that it has executed a new contract to provide services at Legacy Springs Apartment complex in Riverton, Utah. The Company previously announced it had increased bandwidth to provide such services.
With this executed contract, the Company will provide services to Legacy Springs Apartments through 2020 with the opportunity to deliver additional services such as subscription Telephony and other telecom services. Currently, Lyfe is providing its Data services to over 200 customers in the apartment complex which will be turned up in June of 2013 utilizing the Integra Telecom IP Network. This represents the company's first implementation and contract to provide expanded services to Triton Investments, Inc., manager of over 2000 apartment units in Utah and Idaho.
Garrett Daw, EVP of Operations at Lyfe Communications, commented, "Legacy Springs is an important new customer for Lyfe, allowing us to further expand our existing customer base in Utah, while building a relationship with Triton Investments and strengthening our current relationship with Integra. We see the Utah MDU market as a significant opportunity for us to grow our customer base in an underserved area. We are excited to begin servicing Legacy Springs and its 200 tenants, and look forward to expanding into additional opportunistic, underserved areas."
About Lyfe Communications
Lyfe Communications, Inc. (OTCQB:LYFE), based in Salt Lake City, UT, is a leading technology company that develops, deploys and operates a proprietary converged network services platform delivering next generation media and communications services to subscribers, through a single broadband connection, across various connected home and portable devices. The Company's patent-pending innovations transform traditional digital television into a highly flexible IP (Internet Protocol)-based network service, offering subscribers powerful new features such as the delivery of standard definition TV, HDTV and Video-on-Demand across virtually any IP network to any connected device through a single, integrated service. Utilizing existing networks and patent-pending technology, Lyfe can achieve reduced operating costs and capex requirements, while providing customers with superior speed and connectivity at lower price points. The Company's services are available to multi-family residential communities through its subsidiary Connected Lyfe. For more information, please visit www.connectedlyfe.com.
This press release may contain forward-looking statements including the Company's beliefs about its business prospects and future results of operations. These statements involve risks and uncertainties. Among the important additional factors that could cause actual results to differ materially from those forward-looking statements are risks associated with the overall economic environment, changes in anticipated earnings of the company and other factors detailed in the company's filings with the SEC. In addition, the factors underlying Company forecasts are dynamic and subject to change and therefore those forecasts speak only as of the date they are given. The Company does not undertake to update them; however, it may choose from time to time to update them and if it should do so, it will disseminate the updates to the investing public.
CONTACT: Lyfe Communications, Inc. Garrett R. Daw Tel: 1-801-597-5161 firstname.lastname@example.org American Capital Ventures Howard Gostfrand, President Tel: 305.918.7000 email@example.comSource:Lyfe Communications, Inc.