Glowpoint Investor Contact:
Brett Maas
Hayden Communications
646-536-7331
pr@glowpoint.com
www.glowpoint.com

 

 

Glowpoint Announces Two-Year Agreement expected to drive $300K in Annual Revenue

Company now supports customer locations in over 1,200 cities and 35 countries around the world



HILLSIDE, N.J. February 7, 2008 Glowpoint, Inc. (OTC:GLOW), a premiere, IP-based managed video communications services provider, announced today that a leading publishing firm, listed as one of the Forbes 400 Best Big Companies, signed a two-year agreement for Glowpoint to provide managed video services at 15 of its locations around the world. The agreement, which is expected to yield more than $300,000 in annual revenue, includes managed network services and multi-point conferencing services for six sites in the United States and nine international sites located in Europe, Asia, Canada, and Australia. The Publisher cited Glowpoints international network and peering relationships as critical in its decision to select Glowpoint for its international locations. Glowpoint currently supports customer locations in over 1,200 cities in 35 countries around the world.

 

Our operational capabilities and ability to deliver services globally provides our customers with a single provider and point of contact for their video communications services, said Joe Laezza, Glowpoints Chief Operating Officer. We continue to see an increase in demand for our services delivered to international locations. In addition to this agreement, we recently completed installation of Glowpoint services for one of the largest consulting companies in India to support a three-year development project. The service is being used as a virtual hallway, enabling developers in India to be connected live, 24/7 in HD video to developers and program managers in the United States without interruption.

 

 

About Glowpoint

 

Glowpoint, Inc. (OTC:GLOW), is a premiere, IP-based managed video communications services provider. Glowpoint is innovating video communications with services supporting traditional video conferencing, Telepresence VNOC, Broadcast Content Acquisition & Delivery, and Call Center Applications. Glowpoints services are delivered over a robust, video-centric network that reaches around the world and serves clients ranging from Fortune 100 enterprises and leading broadcast networks to SMB markets. Glowpoint is headquartered in Hillside, New Jersey. To learn more, 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.