Attached files
| file | filename |
|---|---|
| EX-10.1 - WORLDGATE COMMUNICATIONS INC | v178633_ex10-1.htm |
| 8-K - WORLDGATE COMMUNICATIONS INC | v178633_8k.htm |
Exhibit
99.1
|
FOR
IMMEDIATE RELEASE
MEDIA CONTACT:
Jennifer
Osuna
WorldGate
704-260-3375
jennifer@wgate.com
|
 |
WorldGate
Announces New Corporate Headquarters Location
Company
growth and continuous innovation drive move to new building.
TREVOSE, Pa. (March 24, 2010)
WorldGate (OTCBB: WGAT.OB), a leading provider of digital voice and video
phone services and next generation video phones, has announced its plans to
relocate its corporate headquarters to a larger, state-of-the-art office space
within Trevose, Pa.
The new
office at Horizon Corporate Center will provide WorldGate with room for its
anticipated growth, and the custom-built office layout will fully integrate the
latest in digital video phone technologies for engineering
development.
“Our new
corporate headquarters will offer WorldGate the flexibility that we need as we
expand as a company,” said George E. Daddis, Jr., Chief Executive Officer of
WorldGate. “This is a fantastic building that truly represents the company we
are establishing,” Daddis said. “With customized specifications and the ability
to integrate engineering labs, this office space will allow us to continue the
growth of our product development as well as sales, services and administration
infrastructures.”
The
company’s new headquarters at Horizon Corporate Center, located approximately 30
minutes from Philadelphia, will house WorldGate’s corporate and engineering
staff. In addition to modern workspaces, the new office features multiple
engineering labs where WorldGate will continue to design and develop innovative
digital video phones featuring high quality, real-time, two-way video. The labs
are designed for research and development, system integration, interoperability
testing, quality control and assurance, acoustics engineering, and certification
management.
The move
is expected to take place in August 2010.
Horizon
Corporate Center is the largest LEED designed corporate campus in suburban
Philadelphia. For more information, go to http://www.oneillproperties.com/land/detail.php?id=3.
About
WorldGate
Founded
in 1996, WorldGate is a leading provider of digital voice and video phone
services and next generation video phones. In today’s increasingly busy world
where family and friends are spread throughout the globe, WorldGate unites the
lives of people in an effortless and affordable way using next generation video
communications technologies. In addition to offering the latest in video
technology, WorldGate also provides a turn-key communication services platform
supplying complete back-end support services with best-in-class customer
service. WorldGate designs and develops innovative digital video phones
featuring high quality, real-time, two-way video. This unique combination of
functional design, advanced technology and use of IP broadband networks provides
true-to-life video communication. As a result, WorldGate 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.wgate.com.
###
This
press release may contain forward-looking statements that are made pursuant to
the safe-harbor provisions of the Private Securities Litigation Reform Act of
1995. Expressions of future goals and similar expressions including, without
limitation, expressions using the terminology "may," "plans," "expects,"
"anticipates," "forecasts," and expressions which otherwise reflect something
other than historical fact (including whether the landlord will have the leased
space available for occupancy by August 2010 and whether the build-out of the
leased space will conform to the company’s specifications) are intended to
identify forward-looking statements. These forward-looking statements involve a
number of risks and uncertainties, including the ability of the landlord to
obtain a building permit and the necessary financing to perform the build-out,
construction delays and the factors described in the Company's filings with the
Securities and Exchange Commission. The actual results may differ materially
from any forward-looking statements due to such risks and uncertainties. No
obligation is undertaken to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the date of this
release.