Media Contact:
Christopher Welch
Glowpoint, Inc.
(866) 456-9764, ext. 2002
Glowpoint Partners with The Whitlock Group to Land Deal with Real Estate Developer
Managed Services contract worth an estimated $350,000 in annual revenue
HILLSIDE, N.J. December 7, 2006 Glowpoint, Inc. (OTC:GLOW.PK), a leading broadcast-quality, IP-based video managed service provider, and The Whitlock Group, a systems integration firm, announced that they will be providing managed multi-point conferencing services and Glowpoints IP subscription services to one of the largest, privately-held real estate development and management firms, with nearly 30,000 acres of land currently under development in Florida, South Carolina, and St. Thomas in the U.S. Virgin Islands.
The Glowpoint services add a new dimension to the solutions we provide to our customers, said Kvin Thompson, President of The Whitlock Group. We are looking to increase our services revenue, making the video equipment a smaller component of the solution. Most of our sales offices migrated to Glowpoint earlier this year which was the catalyst that helped educate our sales force regarding the added value Glowpoint brings to the overall video solution.
Initially, the real estate company piloted the combined offering, which included Glowpoints managed video services at five locations. The successful pilot led to a formalized deal to expand to approximately 20 office locations. In addition to utilizing Glowpoints quality IP video services, the customer will use Glowpoint to host a multipoint conference unit as well as providing fully managed call launching services.
The Whitlock Group represents a new breed of integration partners who understand the value of services and the residual revenue model it represents, said Michael Brandofino, Glowpoints president and CEO. In 2006, we have been focusing on trying to improve the productivity of our channel. Deals like this show we have been making some good progress. In fact, since May, approximately 40 percent of our closed deals have come through the channel, compared to less than 10 percent prior to May.
Glowpoint offers a full range of managed video services including, IP connectivity,
multi-point video conferencing services, video hosting services and endpoint management
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.
About The Whitlock Group
The Whitlock Group is a systems integration firm focused on the design, procurement,
engineering, installation, and service of audiovisual, videoconferencing, video-streaming,
digital signage, video-production, and broadcast solutions. As a systems integration
firm, The Whitlock Group delivers complete solutions that seamlessly integrate the
audio, video, display and system controls
to create unique and compelling multimedia
solutions. To learn more about The Whitlock Group, visit
www.whitlock.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.