Business Services Industry
Vialog Extends Partnership Agreement With Nation's Largest Retail Buying Consortium
Business Wire, June 14, 1999
ANDOVER, Mass.--(BUSINESS WIRE)--June 14, 1999--
Vialog's Partnership with Retex Continues to Build
Momentum with Signing of Toys "R" Us
Vialog Corporation (Nasdaq:VLOG), a leading provider of audio, video and Internet conferencing services, today announced that it has extended its partnership agreement with Retex, the nation's largest retail buying consortium, for an additional two years. The agreement provides Retex's more than 1,900 retail members with substantial savings on Vialog's conferencing services. The Vialog/Retex partnership continues to fuel the growth of Vialog's retail industry customer base, most notably with the recent signing of Toys "R" Us.
"Vialog's tremendous experience in servicing retailers combined with Retex's comprehensive buying program has enabled us grow this segment of our business by more than 70% in the first quarter of 1999 alone over last year in its entirety," said Robert Moore, Vialog Vice President, Core Services. "We understand the special conferencing requirements of the retail industry and provide custom-tailored solutions to meet the exact needs of this vertical market."
"One of the strengths of the Vialoy negotiate," said Umberto Gallo, President of Retex. "In addition, as our membership continues to grow and more conferencing minutes are accrued, retailers benefit from
partnership has generated a substantial numberr Miss, Houlihan's and others.
Vialog's ag's conferencing services to hold departmental madquartered in Andover, Massachusetts, Vialog is a leading provider of teleconferencing services, including audioconferencing, videoconferencing and Internet conferencing. Vialog helps organizations communicate more professionally, efficiently and effectively by delivering superior customer service and an extensive range of innovative and customized communications solutions. Vialog's common stock (symbol:VLOG) is quoted on Nasdaq's National Market System. For more information, visit www.vialog.com.
About Retex
RETEX, a cooperative buying consortium for retailers,line loyalty marketing, audio/video teleconfereeb at: www.retex.com.
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