Avistar Moves to Larger Office Locations in New York and California.Video Collaboration Company Relocates to Larger Sites Amidst Increasing Demand for Enterprise Desktop Videoconferencing Using a PC or Mac for a videophone session or videoconference. Contrast with a "room videoconferencing system" where a group of participants congregate in one room. See videoconferencing. NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & SAN MATEO, Calif. -- Avistar Communications Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AVSR (Audio Visual Speech Recognition) Using lip reading software to enhance speech recognition. In noisy environments where a camera can be included, AVSR improves the computer's ability to recognize the speaker's words by visually tracking lip movement and ), a video collaboration platform provider, today announced that it has moved its West Coast headquarters and East Coast offices to larger sites to accommodate the growth of the company's business and staff amidst a rising demand for enterprise desktop videoconferencing. The moves follow the 2006 relocation of Avistar's London offices. "We believe the long-awaited video 'tipping point' has finally arrived," said Jerry Burnett, Avistar CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Over a two-year period we've seen a 131 percent increase in interactive video calling minutes used by our top two financial services customers. For enterprises seeking a competitive advantage in a distributed, global work environment, demand for 'face-to-face' communication translates into a need for high-quality videoconferencing. Avistar meets and exceeds this requirement, delivering an easy-to-use video solution that supports spontaneous, effective collaboration for employees working on a desktop or laptop in the office, at home or on the road."
Avistar's headquarters are now located at:
1875 South Grant Street, 10th floor
San Mateo, California 94402
Telephone: +1 650-525-3300
Avistar's New York offices are now located at:
708 Third Avenue, 11th floor
New York City, New York 10017
Telephone: +1 212-949-1120.
For more information, please visit www.avistar.com. About Avistar Communications Corporation Avistar Communications Corporation develops, markets, and supports a video over-IP collaboration platform for the enterprise, all powered by the AvistarVOS[TM] software. From the desktop, Avistar delivers business-quality video calling, recording, publishing to web and e-mails, video-on-demand, broadcast origination and distribution, and document sharing. Avistar video-enables business processes by integrating visual communications into the daily workflow and connecting communities of users within and across enterprises. Founded in 1993, Avistar is headquartered in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. , with offices in New York and London. Avistar's technology is used in more than 35 countries. Collaboration Properties, Inc Collaboration Properties, Inc. (CPI) is a wholly owned subsidiary of Avistar Communications Corporation. It holds US and foreign patents in the primary areas of presence-based interactions, desktop video, recorded and live media at the desktop, multimedia documents, data sharing, . (CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch. (2) (Counts Per I ) is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Avistar Communications Corporation. CPI develops patents for presence-based interactions, wireless communications, desktop video, recorded and live media at the desktop, multimedia documents, data sharing, and a service-rich video network architecture. It holds a current portfolio of 75 patents for inventions in the primary areas of video and network technology. CPI offers licenses to its patent portfolio and Avistar's video-enabling technologies to companies in the video conferencing, rich-media services, public networking, and related industries. Current licensees include Sony Corporation, Polycom, Inc., Tandberg ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and and Emblaze-VCON. Forward Looking Statements Statements made in this press release that are not purely historical, including but not limited to statements regarding increasing demand for enterprise desktop videoconferencing are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act. Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including such factors, among others, as uncertainty as to market acceptance of Avistar's products, increased competition in the market for video collaboration products, technical limitations on the development and application of Avistar's products and challenges associated with protecting Avistar's intellectual property. These and other risk factors are discussed in Avistar's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. filed with the Securities and Exchange Commission from time to time. Avistar disclaims any intent or obligation to update these forward-looking statements. Copyright (c) 2007 Avistar Communications Corporation. All rights reserved. Avistar, AvistarVOS[TM], and the Avistar logo are trademarks or registered trademarks of Avistar Communications Corporation. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies. |
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