Science & Technology
Mon, January 12, 2009Sun, January 11, 2009Fri, January 9, 2009Thu, January 8, 2009Wed, January 7, 2009Tue, January 6, 2009Premiere Global Enters Fast-Growing Chinese Market
Published in Science and Technology on Thursday, January 8th 2009 at 7:08 GMT, Last Modified on 2009-01-08 07:10:07 by Market Wire
ATLANTA--([ BUSINESS WIRE ])--[ Premiere Global Services ] (NYSE: PGI), a global provider of on-demand, communication technologies–based business process improvement solutions, today announced it has entered the Chinese market through a strategic agreement with one of China's leading communications services provider. Through this new arrangement, companies doing business in China will now be able to meet and collaborate virtually via Premiere Global's hassle-free, cost-effective [ audio and Web conferencing solutions ].
According to research from Frost & Sullivan, the market for conferencing services in China is projected to reach $174.1 million by 2013, representing a 22.5 percent compound annual growth rate. "The growth potential for conferencing services in China is truly compelling," said Roopam Jain, Principal Analyst for Conferencing and Collaboration, Frost & Sullivan. "Rising awareness and changes in cultural preferences are accelerating adoption and leading to rapid growth in new users each year."
Premiere Global's entry into China follows its expansion into [ India ] last year and the [ Nordic region ] in 2007, and it increases the company's global presence to 24 countries. In 2008, Premiere Global's audio and Web conferencing technologies allowed more than 102 million people from 60 countries to meet virtually and today, the company's international regions are the fastest growing and most profitable of its reportable segments.
"Our global footprint delivers significant value to our 50,000 plus customers and continues to be a meaningful, competitive differentiator for our company," said [ Boland T. Jones ], Founder, Chairman and CEO, Premiere Global Services, Inc. "Our customers are increasingly looking for ways to lower costs and improve productivity by replacing expensive and inconvenient face-to-face meetings with virtual meetings. By continuing to expand our presence in high-growth, developing markets, we get closer to our ultimate goal of enabling Premiere Global to facilitate any meeting, anytime, anywhere."
About [ Premiere Global Services, Inc. ]
Premiere Global Services, Inc. is a global provider of on-demand, communication technologies-based business process improvement solutions. Our Premiere Global Communications Operating System supports business applications within the following solution sets: Conferencing & Collaboration, [ Document Solutions ], [ Notifications & Reminders ], and [ eMarketing ].
Headquartered in Atlanta, Georgia, and with presence in 24 countries worldwide, Premiere Global delivers solutions to an established customer base of over 50,000 companies, including nearly 95% of the Fortune 500. Additional information can be found at [ www.premiereglobal.com ].
Forward-looking and cautionary statement
Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. A variety of factors could cause actual results to differ materially from those anticipated in Premiere Global Services Inc.'s forward-looking statements, including, but not limited to, the following factors: competitive pressures, including pricing pressures; technological change; the development of alternatives to our services; market acceptance of our new services and enhancements; integration of acquired companies; service interruptions; increased financial leverage; our dependence on our subsidiaries for cash flow; continued weakness in our legacy broadcast fax business; foreign currency exchange rates; possible adverse results of pending or future litigation or infringement claims; federal or state legislative or regulatory changes, including government regulations applicable to traditional telecommunications service providers; general domestic and international economic, business or political conditions; a global economic slowdown or changes in the cost or availability of financing; and other factors described from time to time in our press releases, reports and other filings with the SEC, including but not limited to the "Risk Factors" sections of our Annual Report on Form 10-K/A for the year ended December 31, 2007, our Quarterly Reports on Form 10-Q/A for the quarters ended March 31, 2008 and June 30, 2008 and our Quarterly Report on Form 10-Q for the quarter ended September 30, 2008. All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary statement.
