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Glowpoint Sees More Than 28 Percent Growth in Multi-Point Conferencing Service
Education sector seen as a key growth area
HILLSIDE, N.J. August 1, 2007 Glowpoint, Inc. (OTC:GLOW.PK), a premiere broadcast-quality, IP-based managed video service provider today announced that it has seen growth in revenue for its managed multi-point services of more than 28 percent through the first two quarters of 2007 as compared with the same period in 2006. Multi-point services are a pay-per-use service that connects two or more locations into one video call using Glowpoints video infrastructure.
The increase has been fueled by a focused effort to grow this area of the company
and has resulted in a number of significant wins in recent months, highlighted by
several multi-year deals that include agreements with a large university and a well-known
tobacco company. The number of billable sessions during the first two quarters of
2006 averaged approximately 1,500 per quarter. Session volume has increased to averaging
more than 1,800 sessions per quarter for the first two quarters of 2007, evidence
that the companys services are being well received across the board in the conferencing
services market.
Glowpoint continues to garner its
share of the growing demand for managed video services. Our ability to land high-profile
customers is a direct result of the superior customer service and capabilities of
our managed services team, said Joe Laezza, COO for Glowpoint. We are also seeing
more interest from the education sector as colleges and universities struggle to
control costs and compete for tuition dollars.
With the Glowpoint
solution allowing us to reach a wider audience and enhance our class lectures and
participation, Alliant has been able to enrich its programs as well as provide flexible
schedules for those not able to attend classes on campus, said Mehdi Rajabzadeh
of
Recently, New Jersey TechNews featured articles focusing on Tele-Education, written by Glowpoint President and CEO Mike Brandofino and COO Joe Laezza. To read these articles, click on the following link: www.glowpoint.com/downloads/Glowpoint_PDF_DistanceLearning_JulyAug2007.pdf
About Glowpoint
Glowpoint, Inc. (OTC:GLOW.PK) is a premiere broadcast-quality, IP-based managed video 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. Glowpoints managed video services are available bundled with Glowpoints 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.