CMO Council Standardizes on Raindance Meeting Edition
Prestigious High-Tech Marketing Executive Council Uses Next-Generation Conferencing Solution to Enhance Everyday Communication
LOUISVILLE, Colo.--(BUSINESS WIRE)--April 28, 2004-- Raindance Communications, Inc.(R) (NASDAQ: RNDC), today announced that it has partnered with the CMO Council, an exclusive and influential peer-networking group of technology marketing leaders, to provide Raindance Meeting Edition as the council's preferred conferencing platform. Comprised of nearly 1,000 marketing executives worldwide, the CMO Council provides authority leadership in the complex, challenging and often misunderstood technology marketing and branding fields focusing on furthering the stature, credibility, influence, and understanding of the strategic marketing function among business executives, opinion leaders and critical stakeholders in the technology sector.
"With our headquarters in Silicon Valley and chapters located across the globe, it's essential to have a communications medium that is sophisticated enough to allow for high-level knowledge exchanges, while enabling people to build personal relationships even when they're not in the same room," said Donovan Neale-May, Executive Director of the CMO Council. "Raindance Meeting Edition breaks down the barriers associated with time and location. With one-click access, we're able to start meetings faster and join forces on tasks that could have taken months to complete with frequent in-person meetings."
By deploying Raindance Meeting Edition, the CMO Council is able to more effectively communicate across teams, reduce review cycles and share presentations virtually without losing the impact associated with in-person gatherings. Most importantly, the benefits of the next-generation conferencing platform and its collaborative features, including seamless application and browser sharing, allow the CMO Council to reach their deadlines and create meaningful deliverables more easily.
"As evidenced by the CMO Council's satisfaction, it's clear that professional services organizations serve to benefit from today's multimedia conferencing technologies. As clients continue to demand outstanding results from their service partners, tools such as Raindance's Meeting Edition are essential for more efficient communications through sharing of documents and presentations on-the-fly, while diminishing travel budgets and increasing productivity levels," said Brian Burch, Chief Marketing Officer at Raindance.
About the CMO Council
The CMO Council is a private, non-profit organization dedicated to high-level knowledge exchange, thought leadership and personal relationship building among chief marketing officers and brand decision-makers in the global technology industry. Almost 1,000 technology companies are represented on the CMO Council accounting for well over $450 billion in aggregated annual revenues, including the top decision makers controlling more than $40 billion in global marketing expenditures for many of the world's foremost computer systems, software, networking, communications, consumer electronics, component, distribution, and consulting brands.
The CMO Council is based in Silicon Valley with regional chapters convening in technology centers worldwide under the auspices of GlobalFluency, The Independent Network of Influence, with 40 offices in 30 countries (www.globalfluency.com). Corporate underwriters include BusinessWeek, USA TODAY, IDG (CIO/CSO Magazine, IDC, InfoWorld, PC World), Unica, Ventaso and Bitpipe. Affiliate partners include Microsoft, Verisign, Cognos, Biz360 and ViewCentral, among others. For more information, visit www.cmocouncil.org.
About Raindance Communications
Raindance Communications, Inc. (NASDAQ: RNDC) redefines the everyday meeting experience with the industry's only integrated web, audio and multipoint desktop video conferencing platform. Raindance Meeting Edition replicates the ease and flow of in-person meetings by enabling remote meetings that are as natural as sitting around a conference room table. With Raindance Meeting Edition, users find it incredibly easy to start or join a meeting, to engage participants with one-click sharing of applications, and to control meeting flow with integrated audio and video participant tracking. Thousands of corporate customers currently use Raindance's technology to more effectively communicate with colleagues, vendors, customers and partners around the world. For more information, please visit www.raindance.com or call 800.878.7326.
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This release contains plans, intentions, objectives, estimates and expectations that may constitute forward-looking statements. Forward-looking statements in this release include, but are not limited to: our expectations regarding future growth and financial performance, including our ability to expand our market share; our estimates for revenue, net income or loss and gross margins in 2004; any implication that our earnings and gross margins are sustainable or growing; and all additional statements that confer or infer future demand for our services or positive operating results from the provision of these services. These statements are subject to risks and uncertainties, which could cause future events to differ materially. These risks and uncertainties include, but are not limited to, risks with respect to our ability to properly forecast operating results; recent changes in the economy and its effect on our business; changes in our marketplace and in communication services technology; competition from existing and new competitors; pricing pressure; our ability to retain existing customers, including our largest customers, one of which informed us, that in the near future, they will no longer be using our services; our ability to increase existing customer usage of our services; and our ability to timely and successfully deliver our services. We may not be able to effectively address these risks, and accordingly our financial performance and stock price may be adversely affected. A detailed description of additional factors that could cause actual results to differ materially from those contained in the forward-looking statements can be found in our filings with the Securities and Exchange Commission, including our Form 10-K filed on March 12, 2004. Copies of filings made with the SEC are available through the SEC's electronic data gather analysis and retrieval system (EDGAR) at www.sec.gov. All forward-looking statements made in this press release are made as of the date hereof, and we assume no obligation to update the forward-looking statements included in this document.
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