StayOnline Receives $15 Million from Technology Investment Capital Corp.
ATLANTA, GA, September 6, 2005. StayOnline announced today that it has received $15 million from Technology Investment Capital Corp. (NASDAQ: TICC). StayOnline is an Internet service provider offering high-end wireless high-speed Internet access solutions for the hospitality and lodging industry.
StayOnline plans to utilize the funding to aggressively expand its footprint of wirelessly enabled hotels and resorts. StayOnline also plans to expand its offering of converged network services and applications for its hospitality clients.
Based in Atlanta, Georgia, StayOnline is widely considered one of the most experienced providers of wireless, full property coverage Internet solutions today. As of the end of the Second Quarter of 2005, StayOnline had installations in more than 600 hotel properties in the US, covering more than 85,000 guest rooms. Please visit www.stayonline.net for more information.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
