Glowpoint Touts Significantly Improved Finances

IP-based video provider Glowpoint Inc. (GLOW.OB) said Monday it has completed its second debt-for-equity exchange since November.

Glowpoint now boasts “a significantly improved balance sheet and simplified capital structure,” said company CEO Michael Brandofino in a prepared statement.

The company’s stock closed at 29 cents on Monday, down from Friday’s close of 30 cents.

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