Message #27 From:
NewsBot Date: October 11, 2006 09:11:00 AM
GLOW News Glowpoint Lands Fourth Major Sports Network
HILLSIDE, N.J.--(BUSINESS WIRE)--Glowpoint, Inc. (OTC:GLOW),
a leading broadcast-quality, IP-based video managed service provider,
announced that it has been selected by a fourth major sports network to
provide its IP-based “video-centric”
network to acquire content from remote locations. Glowpoint will enable
live and recorded interviews of players, coaches and other personalities
in and around college sports for use on national TV. The deal covers
colleges in the Northeast, with potential to expand to conferences
around the country.
Glowpoint also indicated that it continues to see growth in the
broadcast sector. Glowpoint began focusing on the broadcast sector in
2005 and has seen consistent growth from this space and is projecting
broadcast related revenue to grow by approximately 45% in 2006.
“This marks the second college-related
broadcast deal in two months,” said Michael
Brandofino, Glowpoint’s President and CEO. “With
over 20 football conferences and numerous sports stations owning the
various rights to the content, we see this as fertile ground for growth
and will continue to focus on driving new revenue in this space.”
Glowpoint provides IP-based broadcast solutions for national networks
and cable TV providers that enable on-demand broadcasting, with
always-on exclusive video network connectivity that reduce transport
costs by up to 80 percent as compared to traditional satellite feeds.
Glowpoint, Inc. (OTC: GLOW) is a world leading broadcast-quality,
IP-based video managed service provider. Glowpoint offers video
conferencing, bridging, technology hosting, and IP broadcasting services
to enterprises, SOHOs, broadcasters, and consumers worldwide. The
Glowpoint network carries an average of more than 60,000 video calls per
month worldwide. Glowpoint is headquartered in Hillside, New Jersey. To
learn more about Glowpoint, visit www.glowpoint.com.
The statements contained herein, other than historical information,
are or may be deemed to be forward-looking statements and involve
factors, risks, and uncertainties that may cause actual results in
future periods to differ materially from such statements. These factors,
risks, and uncertainties include market acceptance and availability of
new video communication services; the nonexclusive and
terminable-at-will nature of sales agent agreements; rapid technological
change affecting demand for our services; competition from other video
communications service providers; and the availability of sufficient
financial resources to enable us to expand our operations, as well as
other risks detailed from time to time in our filings with the
Securities and Exchange Commission.
