Glowpoint, Inc.
Pink Sheets : GLOW

October 11, 2005 08:47 ET

GlowPoint to Explore Strategic Alternatives for Video over IP Service; Company Engages Rothschild as Financial Advisor in Light of Recent Strategic Activity in VOIP Marketplace

HILLSIDE, N.J.--(CCNMatthews - Oct 11, 2005) -

Glowpoint, Inc. (OTC: GLOW.PK) today announced that it has engaged Rothschild Inc. as its financial advisor with respect to the exploration and evaluation of strategic alternatives including investment opportunities, as well as a possible merger or sale of all or part of its business.

"The GlowPoint business model has always been and continues to be premised on GlowPoint as an independent company. With all the recent market attention focusing on voice over IP companies, we also believe it is appropriate and advantageous to explore strategic partnerships that would enable GlowPoint to maximize the full potential of its Instant Video Everywhere - or IVE solution. GlowPoint's patent pending features combine the best of the two "V's" in VOIP, video and voice over IP, and bring instant access to this global market for many potential partners," said David Trachtenberg, president and CEO of GlowPoint. "We have retained Rothschild because of its expertise and experience in telecommunications and its access to industry leaders. Our decision to explore strategic alternatives reflects management's and the Board's unified commitment to maximizing shareholder value."

GlowPoint, a leading IP-based two-way video communication service provider, is focused on making video as easy and reliable as a placing a telephone call - with anytime, anywhere face-to-face access. Since launching its service in 2000, GlowPoint has become the premier provider of high quality solutions ranging from the conference room to the desktop, and from mobile to consumer subscription plans over any type of broadband connection. The Company currently provides two-way video communication services to thousands of business and government locations across the United States and around the world. GlowPoint also provides IP-based broadcast services for leading networks and professional sports organizations.

GlowPoint has a strategic partnership with Sony Electronics for Sony to license and private label the Company's "Instant Video Everywhere"(sm) or IVE solution under the brand Sony IVE powered by GlowPoint. IVE is currently being used as Sony's video service offering for its IPELA® line of IP-based videoconferencing and broadcast hardware products. Sony also recently announced that it will be including IVE Mobile, GlowPoint's software based desktop video communications service, on its new BX models of VAIO® notebooks beginning in the fall of 2005. In addition, GlowPoint has recently announced its relationship with WebEx ®, a leading web collaboration provider, to create and market an integrated mobile visual and web collaboration product.

The Company notes that there can be no assurance that the review of strategic alternatives will result in a transaction of any nature.

About Rothschild

Rothschild Inc., headquartered in New York, is part of the worldwide Rothschild Group, a world leader in M&A. With over 100 professionals based in New York, Washington, Toronto and Montreal, Rothschild North America has long specialized in advising and structuring M&A transactions (domestic and cross-border).

About GlowPoint

Glowpoint, Inc. (OTC: GLOW.PK) is the world's leading broadcast quality, IP-based video communications service provider. GlowPoint offers video conferencing, bridging and IP broadcasting services to enterprises, SOHOs, broadcasters and consumers worldwide. The GlowPoint network spans three continents and has carried over 23 million IP video minutes, with an average of more than 20,000 video calls per month worldwide. GlowPoint is headquartered in Hillside, New Jersey. To learn more about GlowPoint and to get a free trial of IVE Mobile, go to www.glowpoint.com.

"GlowPoint", "All You Can See", "Instant Video Everywhere" and "IVE" are trademarks or service marks of Glowpoint, Inc. in the United States and certain foreign countries. All other marks are trademarks or service marks of their respective owners.

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.

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