Glowpoint Achieves Record Sales of $6.5 Million in Contract Value for Q3 2008
October 16 2008 - 10:54AM
PR Newswire (US)
Number of Telepresence rooms under management doubles HILLSIDE,
N.J., Oct. 16 /PRNewswire-FirstCall/ -- Glowpoint, Inc. (OTC:GLOW)
(BULLETIN BOARD: GLOW) , a premiere, IP-based managed video
communications services provider, announced today that it has
achieved its highest ever level of contracted sales value in the
Third Quarter. Led by key Telepresence VNOC and managed video
service wins, the quarter's sales were the highest in the company's
history. Last month, the Company announced record sales results for
the summer months and, during September, the momentum continued
with new sales representing $2.6 million of contract value. Adding
this to July and August sales, Glowpoint closed the quarter with
new sales contracts valued at more than $6.5 million. Additionally,
the number of Telepresence rooms and VNOC engagements continue to
grow at a significant pace, bringing the totals to more than double
the amount announced only a month ago. There are now more than 80
Telepresence rooms and dozens more traditional video rooms either
active or in the process of being activated for management. It is
anticipated that sales closed during the third quarter will
generate more than $350,000 per month in recurring revenue and
add-on services once all the rooms are activated and online. The
sales growth represents the increasing demand for Glowpoint's
managed services and custom-developed applications for Telepresence
and traditional HD video environments for large international
clients. The results also reflect Glowpoint's growing role in
developing and delivering solutions that respond to the demands of
enterprises, equipment manufacturers, and global carriers. "Managed
video services are becoming mission critical to businesses seeking
to drive cost reductions, demonstrate environmental responsibility
and improve productivity and collaboration," said Glowpoint
President and COO Joe Laezza. "One of the most exciting
developments for us is to see the industry recognize that managed
services are a critical element to driving wide adoption of video
communications. The fact that our technology and capabilities are
being leveraged by both end-users and by our strategic partners
(including the leading technology and service providers) as part of
their overall video offerings is truly rewarding." In addition to
supporting some of the largest enterprises in the world,
Glowpoint's technology and expertise are a key component in
recently announced public room environments as well as
inter-exchange services that are being utilized by global carriers
to support business-to-business video communications. 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 and Delivery, and Call Center Applications.
Glowpoint's 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 http://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.
Investor Contact: Brett Maas Hayden Communications 646-536-7331
http://www.haydenir.com/ DATASOURCE: Glowpoint, Inc. CONTACT:
Investors, Brett Maas of Hayden Communications, +1-646-536-7331, ,
for Glowpoint, Inc. Web site: http://www.glowpoint.com/
Copyright