VTECH HOSPITALITY APPOINTS PURPLE NETWORKS AS STOCKING DISTRIBUTOR
Exclusive agreement covers Europe and Africa
Hong Kong, 22 January 2014 – VTech Telecommunications Limited (VTech), a wholly owned subsidiary of VTech Holdings Limited (HKSE: 303), and UK- based Purple Networks Limited (Purple Networks) today announced the signing of an agreement on the distribution of VTech’s hotel phone products. Under the agreement, Purple Networks is appointed as the exclusive stocking distributor for VTech’s hospitality division in Europe and Africa. The company will handle and fulfil all VTech hotel phone orders in those regions, and help VTech develop those markets by adding new resellers and key account clients.
“We are very pleased to have Purple Networks as our exclusive stocking distributor in Europe and Africa,” said Dan Seale, President of VTech’s hospitality division. “The extensive experience of Purple Networks’ team can help VTech expand in the European and African markets and serve our customers there better. With its headquarters and warehouse in UK, Purple Networks can ensure fast delivery of products, timely customer support and easier transactions for our hotel customers and European resellers.”
“This is a very exciting strategic partnership that offers tremendous opportunities for both companies,” said Simon Alexander, Managing Director of Purple Networks. “VTech’s commitment to growing its hotel phone business, combined with our expertise and network in the hospitality industry, will bring great benefits to both parties and to VTech’s customers.”
VTech has rapidly established itself as one of the top three players in the hotel phone industry since entering the market in 2010. The Group has secured product approvals with major hotel chains worldwide, including Fairmont, Four Seasons, Hilton, Hyatt, InterContinental Hotels Group, Mandarin Oriental, Marriott, Peninsula and Shangri-La hotels. In Las Vegas, VTech has been particularly successful with various Caesar’s hotel properties, The Cosmopolitan of Las Vegas and most recently, the Sands Corporation (The Venetian Las Vegas).