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Hotel Outsource Management International, Inc. (“HOMI”) (OTCQB:
HOUM) presented its consolidated financial results for first quarter
ended March 31, 2011.
Mr. Daniel Cohen, HOMI’s President, stated: “In the first quarter
of 2011 we continued implementing our strategic plan. As we anticipated,
the new HOMI® minibars that have been installed are earning
increased revenues and profit, and we have been successful in continuing
the reduction of our GA expenses.
“We continue to invest in sales and marketing, and we regularly sign new
contracts in our main territories of operation: the USA, Europe and
Israel. During the second quarter of 2011, we intend to perform
additional installations of the new HOMI® minibars, along
with our latest development, the ‘EDS’ – a computerized Electronic Dry
Section for dry goods (snacks) and large bottles of Mineral Water
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