PGi Sponsors Start Up Atlanta to Support Area Entrepreneurs
Innovative Virtual Meetings Leader Supports Atlanta's Next Generation Companies with Funding and Technology Grants
ATLANTA, Aug. 15, 2012 /PRNewswire/ -- PGi (NYSE: PGi), a global leader in virtual meetings for over 20 years, today announced its support of Start Up Atlanta, a city-wide initiative produced by Invest Atlanta, Technology Association of Georgia , Venture Atlanta and the City of Atlanta. As the lead corporate sponsor of the upcoming "Atlanta: Telling Our Story" video contest for entrepreneurs, PGi is donating $10,000 in seed funding and a one-year iMeet® subscription license for Start Up Atlanta to award to one grand prize winner. In addition, PGi will offer free, three-month trials of iMeet to all contestants who participate.
Launched in 2011, iMeet is PGi's next-generation, cloud-based video conferencing product that enables up to 15 people to meet face-to-face online – from their desk or on-the-go. iMeet is one tool for video, web and audio meetings.
Innovation Runs Deep at PGi, Vital to Atlanta's Future
PGi was founded in Atlanta in 1991 and today has approximately 1,700 employees in 25 countries worldwide. "Although we are a global company, Atlanta is our foundation, our home," said PGi founder, chairman and CEO, Boland Jones. "PGi has been a leader in the Atlanta technology and business communities for over 20 years, and innovation is at the heart of everything we do. We have enjoyed our own success and want to encourage the next generation to push the envelope. Our technology can give entrepreneurs the tools to think big and make an impact in our city, even change the world."
According to the Koffman Index of 2012 Entrepreneurial Activity, Atlanta averages 500 new startups per month – among the highest in the country. In addition, Georgia public colleges and universities are spending more than $1 billion annually on research and development.
"It's commendable that PGi is making a significant commitment to Atlanta's early stage business growth," said Atlanta Mayor Kasim Reed. "I applaud PGi as a leading sponsor of Start Up Atlanta for its dedication to Atlanta and our many entrepreneurs."
Start Up Atlanta Video Contest Designed to Inspire
Beginning today, Atlanta-based companies can enter the contest by posting a video of 60-120 seconds in length to YouTube™ and sending a link to the video to Invest Atlanta at email@example.com. Videos must express the company's goals, why the company will "change the world" and what the entrepreneur likes most about living in Atlanta. Winners will be selected based on popular vote (receiving the greatest number of online "likes" for the video). Voting will close at 11:59:59 EST on October 14, 2012. The top five finalists' videos will be featured at Venture Atlanta, the largest venture capital conference in the Southeast, in front of hundreds of venture capitalists, bankers, angel investors and fellow entrepreneurs on October 17-18, 2012.
For complete rules and regulations about the video contest please visit www.startupatlanta.com/contest.
*All product and company names herein may be trademarks of their registered owners.
About Premiere Global Services, Inc. │ PGi
PGi has been a global leader in virtual meetings for 20 years. Our cloud-based solutions deliver multi-point, real-time virtual collaboration using video, voice and file sharing technologies. PGi solutions are available via desktops, tablets or mobile devices, helping businesses worldwide be more productive, mobile and green. PGi has a global presence in 25 countries and an established base of more than 35,000 enterprise customers, including 75% of the Fortune 100™. In the last five years, we have hosted more than 725 million people from 137 countries in over 165 million meetings. For more information, visit us at http://www.pgi.com.
All iMeet trials and licenses offered and/or to be awarded will be subject to PGi's terms and conditions, and certain restrictions apply. Prizes are not transferable, assignable or redeemable for cash and no substitutions will be permitted. All federal, state and local tax liabilities are the responsibility of the winners and contestants who participate. Employees and their families of PGi and its affiliates and those living in the household of same are not eligible to enter or win.
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 changes and the development of alternatives to our services; market acceptance of new cloud-based, virtual meeting services, including our iMeet® and GlobalMeet® services; our ability to attract new customers and to retain and further penetrate our existing customers; risks associated with challenging global economic conditions; price increases from our telecommunications service providers; service interruptions and network downtime; technological obsolescence and our ability to upgrade our equipment or increase our network capacity; concerns regarding the security of transactions; future write-downs of goodwill or other intangible assets; greater than anticipated tax liabilities; restructuring and cost reduction initiatives and the market reaction thereto; our level of indebtedness; risks associated with acquisitions and divestitures; the impact of the sale of our PGiSend business; our ability to protect our intellectual property rights, including possible adverse results of litigation or infringement claims; regulatory or legislative changes, including further government regulations applicable to traditional telecommunications service providers and data privacy; risks associated with international operations and market expansion, including fluctuations in foreign currency exchange rates; and other factors described from time to time in our press releases, reports and other filings with the Securities and Exchange Commission, including but not limited to the "Risk Factors" section of our Annual Report on Form 10-K for the year ended December 31, 2011. All forward-looking statements attributable to us or a person acting on our behalf are expressly qualified in their entirety by this cautionary statement.
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