Glowpoint Inc., a provider of cloud-based managed video services for telepresence and video conferencing to the business community worldwide, announced that it has been approved to trade its common stock on the NYSE Amex stock exchange.
The company expects the shares of its common stock to begin trading on the NYSE Amex at the opening bell on December 15, 2011, under the stock ticker symbol “GLOW”. At the commencement of trading on the NYSE Amex exchange, the stock will no longer be available for trading on the OTC Bulletin Board (OTCBB) Market.
“We are excited to be part of the NYSE Amex and believe that this transition provides Glowpoint with increased exposure to the global investment community,” stated Joe Laezza, President and Chief Executive Officer of Glowpoint. “The up-listing of our public equity is a natural step in the evolution of our company, as we continue to maintain a market leading position for cloud managed video services. We look forward to announcing other key milestones to a more expansive investment audience in the near future.”
“We welcome Glowpoint to the NYSE Euronext family of listed companies and to NYSE Amex,” said Scott Cutler, Co-Head of U.S. Listings and Cash Execution, NYSE Euronext. “Glowpoint and its shareholders will benefit from superior market quality and technology, a broad array of issuer and investor services, and a partnership with the Company and its shareholders.”
The Company also recently announced that Afilias is using Glowpoint Cloud Managed Video Services to drive its growth in its new Internet Top Level Domain (TLD) business.
In order to showcase the benefits of the new Internet Top Level Domains, Afilias came together with a panel of experts from Columbia Business School, Deloitte, and Landor to present objective and credible information to customers in a live video webcast event that was viewed around the world. The webcast was recorded using Glowpoint’s webcasting services and was made available on the Columbia School of Business website.
“Working with Glowpoint on this opportunity felt more like a partnership than working with a vendor,” said Roland LaPlante , Senior Vice President and Chief Marketing Officer at Afilias. “Not only did they help us demonstrate the technology and build the case for an interactive webcast internally, they also came to us with a complete solution that addressed all of the risks associated with an event of this magnitude. Simply put – we could not have pulled this off in a short period of time without an experienced and committed cloud managed services provider like Glowpoint.”
“Glowpoint is pleased to support Afilias with this innovative use of visual communication,” said Stephen Vobbe , Senior Vice President of Sales and Marketing for Glowpoint. “While travel reduction is still the number one driver for companies to invest in this technology, more and more we are seeing advanced uses of video. This is a great example of using video to open up new revenue channels.”
Glowpoint, Inc. provides cloud-based managed video services for telepresence and video conferencing to the business community worldwide. The company offers Open Video, a technology platform that provides telepresence, video, and unified collaboration users a way to meet and communicate across various hardware/software platforms and carrier networks. The company markets and sells its services directly, as well as through numerous indirect sales channels, including video conferencing equipment manufacturers, unified communication providers, integration service providers, equipment resellers, and network operators. Glowpoint, Inc. was founded in 1991 and is based in Hillside, New Jersey.
For more information on Glowpoint Inc., visit www.glowpoint.com
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