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Glowpoint Achieves Record Multi-Point Conferencing Revenue for 2007

January 10, 2008 | Chris Payatagool

logo.gifOver 24% Growth for 4th Quarter Over Prior Year

HILLSIDE, N.J.--Glowpoint, Inc., a premiere, broadcast-quality, IP-based managed video service provider, announced today its revenue from multi-point conferencing services achieved new milestones in 2007. The revenue from the company's multi-point conferencing services line of business grew to an average of over $267,000 per month during 2007, from an average of about $221,000 per month in 2006. Monthly revenue in the 4th quarter of 2007 grew over 24% to approximately $277,000 over the same period in 2006. In addition, the company realized the highest single month in October when multi-point conferencing revenue exceeded $325,000.


"Early in 2007 we stated one of our goals was to grow the revenue from our multi-conferencing services, and it is satisfying to deliver on this goal in such positive fashion," said Glowpoint President and CEO Mike Brandofino. "When you consider the 4th quarter revenue includes a seasonal downturn in usage during November and December, it is clear we have built momentum going into 2008. We see this trend continuing into 2008 as we will begin to realize the full benefit of some customers who signed agreements late in the year, like Carnegie Mellon (Tepper School of Business), as well as continue to garner additional market share by increased sales focus on this service offering."

Glowpoint offers a full suite of meeting and collaboration services that include managed multi-point video and audio conferencing, on demand multi-point video and audio conferencing, web collaboration via Glowpoint's branded WebDialog solution, Digitial recording, Internet streaming services and event support and planning services. Glowpoint supports Standard Definition (SD) and High Definition (HD) as well as all the major Telepresence solutions. Glowpoint also offers interpretation services for over 100 languages and can add an Interpreter to any meeting in minutes.

About Glowpoint

Glowpoint, Inc., is a premiere, broadcast-quality, IP-based managed-video services provider. Glowpoint offers video conferencing, bridging, technology hosting, and IP-broadcasting services to a vast array of companies, from large Fortune 100 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 high-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.

Contact:

Hayden Communications
Brett Maas, 646-536-7331 (investors)
[email protected]
www.glowpoint.com

[via Yahoo Finance]







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