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PGi Partners with Deutsche Telekom: iMeet(R) Users Say "Auf Wiedersehen" to Soul-Sucking Meetings
March 5, 2012 | Hogan Keyser
"We are thrilled to announce our new strategic agreement with Deutsche Telekom," said Boland T. Jones, PGi founder, chairman and CEO. "In evaluating our strategy to bring iMeet to key markets around the world, it became clear to us that Deutsche Telekom's deep expertise in the telecommunications industry and global reach make the company an outstanding distribution and business partner."
Launched in 2011, iMeet is PGi's next-generation, web-based video conferencing solution that enables up to 15 people to meet face-to-face online - anywhere, anytime, from their desktop, tablet or mobile device. iMeet gives users their own personal meeting room online that combines video conferencing and audio conferencing with social networking and file sharing. iMeet was designed to bring a simple, human and enjoyable experience to online meetings.
"Through this strategic alliance, we are aiming to solve a major need in the German marketplace - especially among the country's small business community - filling a void for an online meeting solution that is simple, personal and mobile with iMeet," said Dirk Backofen, Senior Vice President Marketing Business Customers, Telekom Deutschland. "We look forward to building a strong business relationship with PGi in the years to come."
"PGi's aligning with Deutsche Telekom to bring iMeet to German businesses is important," said Wainhouse Research analyst Marc Beattie. "This community is hungry for a simpler way to connect with colleagues. There are currently many services that look the same, and most have become extraordinarily complicated to use - iMeet is different. It is unique in its approach, easy to access, intuitive, fun and a highly productive way to bring teams of people together. The PGi-Deutsche Telekom alliance further validates that iMeet is an important, new collaboration service."
About Premiere Global Services, Inc. (PGi)
PGi has been a global leader in virtual meetings for 20 years. Our cloud-based solutions deliver multi-point, real-time virtual collaboration using video, voice and file sharing technologies. PGi solutions are available via desktops, tablets or mobile devices, helping businesses worldwide be more productive, mobile and green. PGi has a global presence in 25 countries and an established base of more than 35,000 enterprise customers, including 75% of the Fortune 100™. In the last five years, we have hosted more than 725 million people from 137 countries in over 165 million meetings. For more information, visit us at http://www.pgi.com.
Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Premiere Global Services, Inc.'s forward-looking statements, including, but not limited to, the following factors: competitive pressures, including pricing pressures; technological changes and the development of alternatives to our services; market acceptance of new services, including our iMeet(R) and GlobalMeet(R) services; our ability to attract new customers and to retain and further penetrate our existing customer base; risks associated with challenging global economic conditions; costs or difficulties related to the integration of any new technologies; service interruptions and network downtime; price increases from our telecommunications service providers; technological obsolescence and our ability to upgrade our equipment or increase our network capacity; concerns regarding the security of transactions; our level of indebtedness; future write-downs of goodwill or other intangible assets; assessment of income, state sales and other taxes; restructuring and cost reduction initiatives and the market reaction thereto; risks associated with acquisitions and market expansion; the impact of the recent sale of our PGiSend business; our ability to protect our intellectual property rights, including possible adverse results of litigation or infringement claims; regulatory or legislative changes, including further government regulations applicable to traditional telecommunications service providers; risks associated with international operations, including political instability and fluctuations in foreign currency exchange rates; and other factors described from time to time in our press releases, reports and other filings with the Securities and Exchange Commission, including but not limited to the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2010. All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary statement.
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