(Nasdaq: WONE) - Wire One Technologies and Telseon in Co-Marketing Agreement
HILLSIDE, N.J., July 12 /PRNewswire/ --
Wire One Technologies, Inc. today announced it has entered into
a co-marketing agreement with Telseon, Inc., a leading metropolitan optical
network provider. The agreement is designed primarily to help Wire One expand
the national reach of its Glowpoint IP video communications network without
any associated capital expenditure.
Under the agreement, Wire One will Glowpoint-enable Telseon's Gigabit
Ethernet network, giving Telseon's network customers -- which include leading
ISPs and other service providers -- access to all Glowpoint endpoints and
applications, including bridges for multi-point video calls, gateways for
calls to legacy ISDN systems, and remote call management. Telseon customers
will have the opportunity to resell the Glowpoint service to end user
companies and organizations in some 20 major U.S. metropolitan markets,
including Atlanta, Chicago, Cincinnati, Dallas, Denver, Detroit, Los Angeles,
Miami, New York, Northern Virginia, Orlando, Philadelphia, Phoenix, San Diego,
San Francisco Bay Area, Seattle, Silicon Valley, St. Louis and Tampa.
In turn, Wire One will offer Telseon's Gigabit Ethernet service to
customers requiring connectivity to the Glowpoint network. This Telseon
service, which provides reduced-cost, instantly scalable and secure bandwidth
of from 1 to 1,000 Mbps in seconds, will enable Wire One customers to
architect cost-effective local access solutions in those same major U.S.
metropolitan areas.
Richard Reiss, Wire One president and chief executive officer, said, "We
are very encouraged by this agreement. Telseon's expansive service provider
footprint will speed the delivery of Glowpoint to new users, furthering our
goal of ultimately making Glowpoint the nation's recognized central network
for IP video communications."
John Kane, chief executive officer, Telseon, said, "We look forward to
providing Wire One customers with the most advanced, accessible,
high-bandwidth connection solutions available in the world today."
Wire One Technologies, Inc. is a leading full-service provider of a
complete range of video communications solutions, including Glowpoint, the
first IP-based network dedicated to video communications. The company, which
is the first video communications provider to receive Frost & Sullivan's
Market Engineering Service Innovation Award, is a leading integrator for major
video and voice communications manufacturers, including Accord
Telecommunications, Cisco Systems, PictureTel Corporation, Polycom, Inc.,
RADVision, VCON and VTEL. The Glowpoint network utilizes an IP backbone and
achieves last mile connectivity through a variety of solutions, including DSL,
T1 and Optical Ethernet. Wire One's current customer base includes more than
2,500 companies with approximately 13,000 videoconferencing endpoints in the
commercial, federal and state government, medical and education marketplaces
nationwide and across the globe.
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 products and services; the
nonexclusive and terminable-at-will nature of reseller agreements with
manufacturers; rapid technological change affecting products and services; the
impact of competitive products and services, as well as competition from other
resellers and service providers; possible delays in the shipment of new
products; and the availability of sufficient financial resources to enable the
Company to expand its operations and other risks detailed from time to time in
the Company's filings with the Securities and Exchange Commission.
Wire One is a trademark and Glowpoint is a service mark of Wire One
Technologies, Inc. in the United States. All other trademarks recognized.
:=) Gary Swancey
