Roomlinx Reports Results for the Third Quarter 2009

Roomlinx Reports Results for the Third Quarter 2009

Nine months ending September 30, 2009 revenues up 21% and gross profit up 81%

DENVER, Nov. 13 /PRNewswire-FirstCall/ -- Roomlinx, Inc. , the hospitality in-room expert providing Interactive TV solutions today announced results for the third quarter 2009.

Roomlinx reported revenues for the three and nine months ended September 30, 2009 were $553,957 and $1,662,656 respectively, this year to date increase of 21% over their 2008 numbers is due to the sales and recurring revenue generated by their new media and entertainment products and services (Roomlinx Interactive TV) and is a strong validation of the shift in efforts towards maximizing revenues and profits resulting from this new product offering.

Roomlinx' gross profit for the three and nine months ending September 30, 2009 were $173,005 and $515,477 respectively, this year to date increase of 81% over 2008 numbers is primarily attributable to the higher gross profit margins of recurring revenue streams related to the Interactive TV product and an increase in gross profit margins on the sale of high speed internet access equipment

"We are entering into 3 to 5 year contracts with our customers and the recurring revenue stream from our Interactive TV installations is showing strong gross profit margins. We will continue to focus on Interactive TV installs and believe the gross profit will increase as we sell advertising and decrease product costs. We will also continue to aggressively acquire customers by adding additional partners to our agent and reseller program and increase our direct sales effort," said Mike Wasik CEO.

Net loss for the three and nine months ending September 30, 2009 was $436,973 and $2,645,126 respectively, compared to a net loss of $919,764 and $2,655,667 for the three and nine months ended September 30, 2008 respectively. The non-cash derivative expense of $1,409,356 as well as a non-cash stock compensation expense of $181,569 strongly impacted the 2009 year to date results.

Net loss, excluding non-cash items, was $510,755 and $1,064,742 for the three and nine months ended September 30, 2009 respectively, compared to a net loss of $486,278 and $1,044,120 for the three and nine months ended September 30, 2008 respectively. These results are primarily due to the one time interest payment and service fees of $129,000 related to the conversion of their convertible debentures and an increase in professional service fees of approximately $18,000.

About Roomlinx, Inc.

Roomlinx, the hospitality in-room expert providing Internet-based interactive TV products designed to increase revenues and brand loyalty for hotels, resorts, and other properties, utilizing premium content and applications demanded by today's traveler. www.roomlinx.com.

   CONTACT: Belinda Banks, SS|PR, (609) 750-9110, belinda@sspr.co    Safe Harbor Cautionary Statement  

Certain statements in this news release, including statements that we "believe," "expect," "intend," "plan" or words of similar import, are forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans, new products and services and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: the company's successful implementation of the new products and services, demand for the new products and services, the company's ability to successfully compete against competitors offering similar products and services, general economic and business conditions; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of the Company's Securities and Exchange Commission filings available at http://www.sec.gov/, which you should carefully review. Roomlinx does not assume any obligation to update or revise any forward-looking statements, whether as the result of new developments or otherwise.

First Call Analyst:
FCMN Contact:

Source: Roomlinx, Inc.

CONTACT: Belinda Banks, SS|PR, +1-609-750-9110, belinda@sspr.com

Web Site: http://www.roomlinx.com/

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Profile: International Entertainment