Education sector seen as a key growth area
HILLSIDE, N.J.--(BUSINESS WIRE via COLLEGIATE PRESSWIRE)--Aug. 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 Glowpoint's 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 company's 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 Alliant International University. "This is a powerful use of technology and services that differentiates our program and
accommodates our distance learning initiative."
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:
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(R) 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.
