Earth Times: WorldGate & Ojo Videophones press release 2010-10-06

WorldGate’s Historic Third Quarter Delivers Significant Increase in Video Phone Sales and Revenue Performance
Posted on : 2010-10-06 | Author : WorldGate
News Category : PressRelease
 
 
the_earthtimes_logo.jpg

TREVOSE, Pa. - (Business Wire) WorldGate (OTCBB: WGAT.OB), a leading provider of digital voice and video services and next generation video phones, announced today that its third quarter business performance will set a company record for quarterly revenue performance, driven by strong demand and sales of its new Ojo Vision Digital Video Phone. During the third quarter the company recorded sales exceeding 65,000 units and it expects to take orders for more than 100,000 video phones in 2010.

“We’re excited to see our successful Ojo Vision development translate into strong financial results for the company as well as certify a 300,000 video phone purchase agreement, one of the largest, if not the largest in the world,” said George E. Daddis, Jr., Chief Executive Officer of WorldGate Communications.


“Since we launched our first video phone in 2005, our passion has been to deliver a true-to-life video communications experience unlike any other. Our historic third quarter results, combined with the many recent announcements from mobile, web and equipment manufacturing companies including Apple®, HTC®, Cisco, Polycom, Qik and others, about their new entries in the video communications market, truly speaks to the forward momentum,“ added Daddis.

WorldGate provides video communication products and services through its two divisions, Ojo Services and Ojo Labs, to support the growing demand for its turn-key business solutions and state-of-the-art video phone technology.


WorldGate will announce and discuss its complete third quarter results on Tuesday, November 16, 2010.


For more information on WorldGate and the Ojo Vision digital video phone and service, please visit www.ojoservices.com or www.ojophone.com.


About WorldGate

Founded in 1996, WorldGate is a leading provider of digital voice and video phone services and offers next generation video phones under its Ojo brand. The company’s next generation video communication technologies connect and unite people in an effortless and affordable way. Its Ojo Labs designs and develops innovative digital video phones and its Ojo Services division provides the turn-key communication services platform. This unique combination of functional design, advanced technology and use of IP broadband networks provides true-to-life video communication with Ojo Quality. Ojo brings family and friends closer together by offering a new way to experience communication—through an immediate video connection allowing them to instantly hear and see each other for a face-to-face conversation. For more information, please visit www.ojoservices.com or www.ojophone.com.


Additional Links:

Twitter: http://twitter.com/ojophone

Facebook:http://www.facebook.com/home.php?#!/pages/WorldGate-Communications/130218167762?ref=ts

Media Resources: http://www.ojoservices.com/news

 

Skyya Communications
Susan Donahue, 646-454-9378
susan.donahue@skyya.com
or
WorldGate Communications
Tracy Gay, 215-354-5112
tgay@wgate.com

 

Source: http://www.earthtimes.org/articles/press/phone-sales-revenue-performance,1490537.html#