VANCOUVER, Dec. 8 /PRNewswire-FirstCall/ - StonePoint Global Brands Inc. (TSXV:SPG) announced that its wholly owned subsidiary, Sterling and Oxford, has launched its upgraded in-room merchandising system for the hospitality industry. Version 2.0 contains innovative packaging options, upgraded food selections, Room Service kits ordered through in-room menus, new technology products and numerous other product and service improvements.
StonePoint has had a promising 12 month test market in approximately 3,500 rooms in key properties of Harrah's Entertainment, Inc., InterContinental Hotels and the Kerzner Group. StonePoint is now receiving orders to install its systems into additional rooms of its existing properties and has been asked to present to additional properties within the same hotel chains.
In related news, the Company announced that it has received its first order from the Fairmont Hotel Vancouver. Current sales plans aim to expand program installations into approximately 13,500 rooms by the end of 2009. StonePoint's current Hotel chain customers manage over 600,000 hotel rooms in North America.
About StonePoint Global Brands Inc.
StonePoint develops smart market solutions for global corporations. Through comprehensive quality control, best of class branding and innovative product development, StonePoint drives revenue and brand equity for its customers while creating value for its shareholders. Management is committed to delivering excellence at all levels of its enterprise while maintaining the highest of ethical standards. StonePoint currently trades on the TSX Venture Exchange under the symbol "SPG".
Forward Looking Statements
This press release contains certain "forward looking statements." These statements relate to future events or future performance and reflect expectations and belief regarding growth, results of operations, performance, business prospects, opportunities or industry performance and trends. These forward looking statements reflect current internal projections, expectations or beliefs and are based on information currently available. A number of factors could cause actual events or results to differ materially from the results discussed in the forward looking statements. Although it is believed that the forward looking statements contained in this press release are based upon reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward looking statements. These forward looking statements are made as of the date of this press release, and StonePoint Global Brands Inc. assumes no obligation to update or revise them to reflect new events or circumstances, except as required pursuant to applicable securities laws.
On behalf of the Board of Directors StonePoint Global Brands Inc. "James Borkowski" CEO and Director
SOURCE StonePoint Global Brands Inc.