Media Contact:
Christopher Welch
Glowpoint, Inc
(866) 456-9764, ext 2002
Glowpoint Sees Increasing Demand for Its
Managed Multi-Point Video Conferencing Services
HILLSIDE, NJ. November 1, 2006 -- Glowpoint, Inc. (OTC:GLOW .PK), a leading broadcast-quality, IP-based video managed service provider, announced that its managed multi-point conferencing services are seeing increased demand, demonstrated by several new customer agreements being reached as well as renewals of existing accounts. These agreements are the result of a renewed focus by Glowpoint to not only increase its managed conferencing services market share, but to grow the overall business with consistent, profitable, contracted revenue sources.
Glowpoint signed a number of minimum commitment managed conferencing services contracts in recent months that represent approximately $50,000 per month in recurring service revenue. In addition, the Company has added more than 30 new managed conferencing services clients during the last four months.
"Driving new contracted revenue from our
managed conferencing services has multiple benefits for Glowpoint, including adding a predictable residual revenue stream," said Glowpoint's president and CEO,
"Because of Glowpoint's high-quality operation and the unparalleled level of customer service they provide, not to mention their cost effectiveness, we envision a continuing long-term relationship with them. It's important to our Firm that all our multi-point video conferencing calls operate flawlessly and be well managed, and that is what Glowpoint delivers," said Laurence A. Liss, chief technology officer for leading Philadelphia-based law firm Blank Rome LLP.
Glowpoint offers multi-point video conferencing services to customers around the
globe by leveraging the Glowpoint network and bridges that are deployed in the
About GlowPoint
Glowpoint, Inc. (OTC:GLOW.PK) ) is the worlds leading broadcast quality, IP-based video communications service provider. GlowPoint offers video conferencing, bridging, and IP broadcasting services to enterprises, SOHOs, broadcasters, and consumers worldwide. The Glowpoint network spans four continents and carries - on average - more than 60,000 video calls per month worldwide. Glowpoint is headquartered in Hillside, New Jersey. To learn more about Glowpoint, visit us at 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 the our filings with the Securities and Exchange Commission.