Business Services Industry

Glowpoint to Enable Remote Presentation for SVG's "League Technology Summit"

Business Wire, Dec 10, 2007

Continued Focus on Broadcast Sector Yields 70 Percent Growth in Broadcast-related Revenue

HILLSIDE, N.J. -- Glowpoint, Inc. (OTC:GLOW), a premiere broadcast-quality, IP-based managed video service provider, announced today that it will be participating in the upcoming SVG (Sports Video Group) League Technology Summit in New York on December 11. Glowpoint will enable panelists to participate remotely from a Glowpoint-connected NFL site. These panelists will be using the "TeamCamHD[TM]" solution that Glowpoint has been deploying for a number of broadcasters, including Big Ten Network.

The Sports Video Group was formed in 2006 to support the professional community that relies on video, audio, and broadband technologies to produce and distribute sports content. Leagues, owners, teams, players, broadcasters, webcasters, and consumer technology providers have joined the SVG to learn from each other, turn vision into reality, and implement new innovations, while sharing experiences that will lead to advancements in the sports production/distribution process and the overall consumer sports experience.

"Glowpoint has become a definitive alternative to satellite and other high cost, pay-per-use transmission options for content acquisition from fixed remote locations," said Glowpoint's CEO and President Michael Brandofino. "Participation in the SVG League Technology Summit provides us with the opportunity to showcase Glowpoint's capabilities to an elite group of professionals from the sports broadcast sector. As we have with recent developments in HD technology, we will look to take advantage of advancements in codec technology and begin expanding the use of our service to include limited live action, including acting as the content acquisition front end for distribution to the web and mobile devices."

Glowpoint recently completed a conference-wide implementation of TeamCamHD[TM] services for Big Ten Network, connecting all university sites to Big Ten Network studios in Chicago.

"Glowpoint gives us the ability to go live to any of the Big Ten Conference universities at a moment's notice," said Leon Schweir, Executive Producer/VP Production Big Ten Network. "As we launched a network dedicated to collegiate sports, we knew we needed an affordable way to acquire high-quality content. The Glowpoint managed services solution has been a perfect fit for us."

Mr. Brandofino added, "Glowpoint continues to focus on this important vertical, and through September 30th of 2007 we have grown broadcast revenue more than 70 percent from the prior year. The recurring revenue attributed to the broadcast sector has been one of the contributing factors to Glowpoint's growth in core revenue by more than 20 percent, year over year, and accomplishing five consecutive quarters of growth in subscription revenue."

Glowpoint provides IP-based broadcast solutions for national networks and cable TV providers to enable on-demand content acquisition from fixed remote locations. Glowpoint's "always on," exclusive video network connectivity reduces transport costs by up to 80 percent, as compared to traditional satellite feeds.

About Glowpoint

Glowpoint, Inc. (OTC:GLOW), 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[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 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.

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.

COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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