Tuesday, February 17, 2009

Why do you think they call it Buzztime? Actually, no...

This post has nothing to do with Michael Phelps, but what if he found himself in Las Vegas, Nevada on Valentines Day, and what if (for some inexplicable reason) he found himself on the WEST side of town, in an Olive Garden, and he had a wait?

He'd be holding a restaurant paging system.

And if he were waiting at the Olive Garden on Decatur in Las Vegas, the paging device would say "NTN" on the back.

But you won't find any information about this NTN-branded item at the buzztime.com web site. That's because the devices are now marketed by HME Wireless.

An industry leader, HME Wireless, Inc. (formerly NTN Wireless) offers a complete line of reliable onsite messaging solutions to improve efficiency and customer service for a variety of businesses worldwide. In fact, restaurants, hospitals, church nurseries, salons and retail businesses are just a few that have been using our systems to increase sales, productivity and customer satisfaction.

The sale of the division took place in 2007:

CARLSBAD, Calif., March 30 /PRNewswire-FirstCall/ -- NTN Buzztime, Inc. , a leading developer and distributor of Play Along TV(R) entertainment and technology, today announced that it has closed on the sale of the assets of NTN Wireless Communications, Inc., a wholly owned subsidiary of NTN Buzztime, Inc., to HM Electronics Inc. (HME), effective March 30, 2007. NTN Wireless generated $6.1 million in revenue in 2006, with adjusted EBITDA (non-GAAP) of $757,000. The Company expects to receive $2.0 million in net proceeds resulting in a gain of approximately $400,000.

"We are forging ahead with our plan to narrow the scope of our business to our core Entertainment Division," commented Dario Santana, CEO of NTN Buzztime. "This asset sale is proof positive that the entire Buzztime management team is focused and intends to follow through with its commitment to increase shareholder value. We believe that our Entertainment Division represents the best opportunity for sustainable long-term growth and profitability, and we continue to position ourselves accordingly. We are working hard towards the execution of our strategic growth plan and look forward to announcing additional milestones as they are met."

Of course, Dario Santana subsequently left.

But now restaurant pager users know why there's no buzz in NTN Buzztime any more.

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