Message #35 From:
NewsBot Date: December 21, 2006 09:08:00 AM
GLOW News Glowpoint Inks Deal Worth Approximately $27K in Monthly Recurring Revenue
HILLSIDE, N.J.--(BUSINESS WIRE)--Glowpoint, Inc. (OTC:GLOW.PK),
a leading broadcast-quality, IP-based managed video service provider,
announced that a global financial services company has contracted with
Glowpoint for managed video services at six locations in the U.S., one
in Canada, and eight overseas in U.K., Sydney and Melbourne (Australia),
Hong Kong, Madrid, Israel, Ireland, and Tokyo. The customer is a
specialized brokerage firm that partners with clients globally to
provide innovative solutions spanning the entire trading process. The
firm is headquartered in New York and maintains offices in North
America, Europe, and the Asia Pacific regions.
This customer had determined they wanted to find a service provider that
didn’t just offer bandwidth. Like many
customers, this firm initially had four locations on a paid-pilot basis
and decided to expand after experiencing the high-quality and superior
service offered by Glowpoint. The decision to expand was accelerated due
to a very positive experience by the firm’s
senior executives during random video calls earlier this month. The
executives were able to easily connect video calls and conduct meetings
using Glowpoint’s service, prompting them to
approve a full rollout.
“This was a particularly satisfying win,
because we went head-to-head against some major global network providers
during the RFP process,” said Joe Laezza,
Glowpoint’s Chief Operating Officer. “In
the end, the customer elected a comprehensive solution that provided a
completely managed video service, not just network bandwidth. Glowpoint’s
suite of services, bundled with our ability to deliver a high-quality
network on a global basis, continues to be a winning combination.”
Glowpoint, Inc. (OTC: GLOW.PK) is a world-leading broadcast-quality,
IP-based video-managed service provider. Glowpoint offers
videoconferencing, bridging, technology hosting, and IP-broadcasting
services to a vast array of companies, from large Fortune 100
enterprises to small and medium-sized businesses. Glowpoint’s
managed-video services are available bundled with Glowpoint’s
quality-network offering or as a value-added managed-video service
across other networks. Glowpoint is exclusively focused on quality
two-way video communications and has been supporting millions of video
calls since its launch in 2000. 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.
