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WorldGate’s Historic Third Quarter Delivers Significant Increase in Video Phone Sales and Revenue Performance

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Posted October 5, 2010

  • Significant increase in revenue performance driven by a record number of video phone sales exceeding 65,000 units recorded in the quarter.
  • 2010 video phone orders expected to exceed 100,000 units.
  • Quarterly earnings release scheduled for November 16, 2010.

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.

Conference Schedule (Eastern Daylight Time):

4:30 PM Tuesday, November 16, 2010 for a duration of 1 hour
 

Conference Telephone Numbers:

Participants, US/CAN Toll free: 888-211-4439
Participants, Int'l Toll: 913-312-0980
Conference confirmation code: 4397456

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.

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 the expected sale of 100,000 video phones in 2010 and the announcement, subject matter and timing of the Company’s third quarter revenue, and other results are intended to identify forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including reliance on ACN Digital Phone Service, LLC to purchase the Company’s video phones 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.

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



CONTACT:

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

KEYWORDS:   United States  North America  Pennsylvania

INDUSTRY KEYWORDS:   Technology  Consumer Electronics  Audio/Video  Telecommunications  VoIP

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