Residential video telephony may be next big thing!


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This product is to the telephone future the way the Neanderthals were to the human future.

It's awkward and ugly looking. It doesn't look in the least bit portable. With land lines tending not to obsolescence but less and less overall use this product swims against the tide. The only way to make this work is to give away the phone--by the millions--and sell the service. WGAT won't be doing that.

--Brant

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As long as there are individuals who matter enough to each other, whether they are lovers, parents, grandparents, grandchildren, friends, siblings, business associates or the like, there will always be a place for a means of them being able to see each other even when they are at a distance from each other.

Enter the Ojo. The picture is profoundly realistic with audio synchrony so it is as if the two are in the same room. Admittedly there are people who will not appreciate this opportunity to see and be seen but they are outnumbered by those who genuinely do value the experience.

The Ojo provides real time two way video and audio with no perceptible lag. It does not require a computer and can be used next to your computer so you might be able to share what you are doing with your computer with the caller on the Ojo. ALthough the Ojo has a monthly charge it is nominal, just $9.95 per month for unlimited video calls worldwide. Naturally it depends on you already having access to broadband cable or DSL internet. It also operates over satellite in some areas where there is no broadband cable.

There are Ojo owners who are quite pleased with their experience with the Ojo and use it often or daily. They are establishing networks of Ojo users within their own families and friends. As I understand it people in over 56 countries around the world have Ojos. It is just a matter of time until they become ubiquitous and widely known.

The price has come down from the early adopter price of $799 for just one Ojo. The original Ojo lists for $399 but is available online at Walmart for $299. The SHadow Ojo lists for $299 but Walmart sells it online with free shipping to your local Walmart for $249. The Ojo might be even less at 101phones.com and thenerds.net but the least expensive source might be at www.tigerdirect.com the search for Ojo and shadow Ojo. I saw the SHadow for just $199.

You can save a months fee by paying annually at www.ojoservices.com.

Also keep in mind that WGAT can download free enhancements such as the video messaging feature up to twenty minutes.

Yes there is risk as there is with all new technologies. Whether there will be a place for the Ojo in the residential video telephony market as time goes on only "reality will show!"

I am sure Ayn Rand said that or words to that effect.

THere is a prototype for a travel Ojo which is supposed to be on the market in the near future. It is bulky looking but has the same video and audio quality. Whether you find the Ojo to be ugly or beautiful is a matter of opinion and individual taste. It looks awfully good to those who have been able to see loved ones with it.

The second quarter revenue report should be out by middle of August as well as an announcement about funding and new deals. www.ojophone.com to see testimonials and Ojosodes

galt

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There is a shareholder of WGAT who is adept at uncovering relevant instructive information which might influence the outlook for the company which created the Ojo. Here is a post of his yesterday which is self explanatory with the link to the FCC by the five VRS companies:

FCC to Break Sorenson Grip on VRS Market

On May 18, 2007, a petition was filed with the FCC by a group of 5 VRS providers, including SNAP, asking the FCC to rule that the current Sorenson non-compete agreement, which restricts any interpreters that leave Sorenson from working for any other VRS provider for a period of 1 year, after leaving Sorenson, be declared illegal and invalid.

Sorenson has 80% market share in the VRS market and employs 20% of the available pool of interpreters. Competitive VRS providers that are entering this market, and want to be able hire interpreters in a competitive free market place. Currently interpreters that work for Sorenson will not be able to work for any other VRS competitor for a period of one year after they leave Sorenson, which is totally anti competitive and in my opinion, the FCC will rule against Sorenson.

Sorenson will LOSE this argument, no way that the interpreters job can legally be covered under a non-compete clause, which is typically use by companies for their employees with high level access to confidential trade secrets or inside information that would cause damage to the company, if the prior employee went to work for a competitor.

The FCC is also about to rule on Sorensons practice of “call blocking” which basically forces anyone trying to call a Sorenson subscriber to do so through a Sorenson Interpreter as they maintain a closed system of phone numbers. FCC has already indicated that this practice is contrary to the FCC’s mandate for VRS users an they seek open access for all users of VRS.

The FCC is determined to open up the VRS market to competition, and they control the purse strings of the Interstate TRS Fund, and have budgeted over $450 million, and 65 million minutes usage, for VRS this year.

For every min of usage that SNAP is able to capture, WorldGate will receive a recurring revenue stream of .50 per minute. At 30% market share, which is a conservative estimate, WorldGate will generate nearly $10 million in revenue.

http://gullfoss2.fcc.gov/prod/ecfs/retri...

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Here is another post by "Hello ojo" from the Yahoo MB today

BT refers to British Telecomm which recently announced 'certification' of the Ojo on their systems. SNAP refers to www.snapvrs.com a company which ordered 10.000 Ojos from WorldGate to distribute to deaf and hearing impaired persons who applied for a free Ojo. The Ojos are being distributed and if users choose the SNAP VRS to communicate with non hearing impaired folks WGAT will get a percentage.

>>>"Managing the Risk

The first step in managing your risk, is to understand exactly what they are. As I see it there are several pressing issues that need to be accessed, the first and most critical is funding.

Future Funding

This one is really one of the most critical and yet it is one of the most transparent and controllable. Since the last round of funding for $11 million in August 2006, the burn rate has remained constant at about $1 million per month. At that time the projected need for a new round of financing was approx. August 2007 at the current burn rate of $1 million per month, or possibly a few months later if sales ramped up to as expected to offset expenses.

The reality is that SNAP was delayed nearly one year by the FCC ruling on interoperability and BT deployment was delayed by over 9 months with the delay in the certification of their new CN21 network. Both of these issues are now behind us now and we are beginning to see the positive results of these two important accounts for Ojo sales.

By the way, the BT CN21 network is really a world changing event and will play a major role in the telecom industry around the world, not just in the UK. Also interesting is BT is actively deploying their expertise and CN21 to other countries and competitors around the world, with Turk Telkom being the first major player to deploy BT’s system. With Ojo now certified for BT’s CN21 fiber optic network, Turk Telkom is one major step closer to an Ojo videophone solution, and others will follow.

The need for future funding was not unexpected, it has been known for many years that this would be the cost of doing business and the key has been to balance growth with expenses so that available funding will be able to support the gradual expansion of the business model. The objective is not to just break even or grow the business at a snails pace on available sales revenue, but to maximize the growth opportunity as rapidly as possible with the available financial resources available.

Understand, if the SNAP, BT and other deals take off as expected, I would expect Hal to go right back to the capital markets and borrow a hell of lot more money and expand the sales and marketing worldwide, which would require at least 20 -30 million per year to start. Hopefully by then the share price would be much higher and any funding would not cause as much dilution to current shareholders.

Mr. T and Mr. J both have extremely deep pockets, and are both extremely well connected to financial services worldwide. Realize how little $6-10 million in funding is, it is nothing. Without getting into specifics that is an amount that some donate annually to their favorite charity. If you are sweating future funding, don’t, you would just be wasting your time and energy.

That recurring revenue stream from the SNAP revenue share deal and Ojo Services is a gold mine for future funding as lenders love to see a steady, predictable and growing revenue stream that will ensure the ability to make the payments on new financing, which is exactly what we have here. We never had that recurring revenue stream in the past.

We have turned the corner but most will not realize it until the share price takes off."<<<

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>>>"We have turned the corner but most will not realize it until the share price takes off."<<<

It is tempting to say, "All aboard!" as if this were a train in a terminal about to make its run across country. But please do not succumb to my optimism. The company is running out of money but the leadership must know something because they haven't reduced their workforce or their salaries. Perhaps we will learn what might explain their confidence at the 2Q revenue report later this week on Friday August 10th.

I will post details if anyone might want to listen in on the Conference Call which usually coincides with the quarterly reports, once those details are available.

One might speculate that a funding deal is almost in place. Perhaps orders have materialized to cover their expenses.

The suspense is building.

galt

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What follows is copy/pasted from SEC filing which can be found at www.ojophone.com under "investor" then under "additional SEC filings"

At present shareholders are on the edge of their seats as Hal attempts to keep the company both alive and listed on Nasdaq while simultaneously engaging in am "agreement" with an as yet unknown "distributor" to... see what you think in the last paragraph below. Increments of 100,000 Ojos up to one million!

<<<"As previously announced, the Company received notices in April 2007 from the staff of the Nasdaq Stock Market (the “Staff”) stating that the Company does not comply with Marketplace Rules 4310©(3) and 4310©(4) (the “Rules”). The Company has appealed the Staff Determination and been granted a hearing before a Nasdaq Listing Qualifications Panel (the “Panel”), which has stayed the delisting and suspension of trading the Company’s common stock.

As part of its strategy to regain and maintain compliance with the rules, the Company has taken multiple actions as follows:

· On July 20, 2007, the Company’s Board of Directors approved a resolution to amend the Certificate of Incorporation to effect a 1-for-10 reverse stock split. This resolution is subject to stockholder approval, and upon stockholder approval, could be implemented at the discretion of the Company.

· The Company has engaged and is working with an investment banker to assist the Company with a private placement of the Company’s common stock to raise additional capital.

· On August 1, 2007, the Company entered into an agreement with one of its product distributors granting to the distributor a limited duration option to participate in a private placement, potentially providing additional funds to the Company. If exercised, this option will result in the purchase of $10,000,000 of the Company’s common stock at a price per share equal to the greater of $0.50 or the current market price, subject to a $0.65 maximum price (the “Purchase Price”). This option extends until December 13, 2007, but can be terminated by the Company, in its sole discretion, at any time after August 31, 2007. Coincident with an investment pursuant to the exercise of this option the option agreement provides for the formation and funding of a joint venture to achieve distribution in China which will be owned 70% by WorldGate and 30% by the investor group. The investment would result in the grant of a five-year warrant to the investor group to purchase, at a price equal to 120% of the Purchase Price, that number of additional shares of the Company’s common stock equal to 85% of the number of shares originally purchased. The investment would also result in the grant to the investor group of a five-year warrant to purchase, at a price equal to 120% of the Purchase Price, up to 28,500,000 additional shares of common stock. This second warrant however, vests on a prorata basis through the purchase of the Company’s products by the joint venture during its first year of operations, based upon purchase milestones, which are in increments of 100,000 units, up to one million units.

There can be no assurance that the Company’s actions as noted above will be successful, that the Company will receive any necessary stockholders’ approvals, that the option or warrants will be exercised, or that the Panel will grant the Company’s request for continued listing.">>>

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Coincident with an investment pursuant to the exercise of this option the option agreement provides for the formation and funding of a joint venture to achieve distribution in China which will be owned 70% by WorldGate and 30% by the investor group. The investment would result in the grant of a five-year warrant to the investor group to purchase, at a price equal to 120% of the Purchase Price, that number of additional shares of the Company’s common stock equal to 85% of the number of shares originally purchased. The investment would also result in the grant to the investor group of a five-year warrant to purchase, at a price equal to 120% of the Purchase Price, up to 28,500,000 additional shares of common stock. This second warrant however, vests on a prorata basis through the purchase of the Company’s products by the joint venture during its first year of operations, based upon purchase milestones, which are in increments of 100,000 units, up to one million units.">>>

Here is another post by another shareholder regarding the extent of internet access in China and the extent of broadband access in China as well.

<<<" According to China Internet Network Information Center (CNNIC)'s 19th Statistical Survey Report on The Internet Development in China,[2] the number of Internet users has reached 137 million as of December 2006, of which the broadband users became the majority, counted to 90.7 million. This represents roughly 11% of internet users in the world. Although mainland China has the second-largest internet population, its penetration of 9.9% lags far behind nations like the US and Japan.

It has become pervasive in mainland China with universal public dialup access available in most cities. The price of broadband connections places it well within the reach of the mainland Chinese middle class.">>>

There is no guarantee that any of this bodes well for WorldGate which has yet to do more than to have created the best little video telephone which works and is available right now. It might be least expensive at www.tigerdirect.com and then you have to search for Ojo. The Shadow with an MSRP of $299 has sold for $199 at tigerdirect.com.

The 2Q revenue report is expected this Friday August 10.

galt

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Despite all the following good news there is no clear funding and Nasdaq delisting is still possible because the stock price languishes below one dollar. Actual revenue was comparable to last years figures but did not include the SNAP order revenue because shipping of the ten thousand units did not begin until early July.

WorldGate Releases Second Quarter 2007 Results

TREVOSE, Pa. --(Business Wire)-- WorldGate Communications, Inc. (NASDAQ: WGAT), a leading provider of personal video phones, today announced its financial results for the second quarter ended June 30, 2007.

Recent Highlights:

The second quarter of 2007 was marked by continued technology and marketing advancements for our Ojo video phone that enhance our leadership position in the video telephony market and facilitate deployment of our products by service operators and consumers.

Key recent operating highlights during and subsequent to the second quarter include:

-- Expanded our relationship with Snap Telecommunications, Inc., a wholly owned subsidiary of Aequus Technologies Corp. and a provider of Video Relay Services (VRS) that enables deaf and hard-of-hearing customers to improve the connection with people in their personal and business lives, toward our goal of becoming the premier providers of technology and services to the over eight million people in the deaf and hard-of-hearing community.

-- Entered into an agreement with BroadVoice Inc, a leading provider of high-quality, feature-rich broadband phone services to consumers and businesses, for Broadvoice to utilize WorldGate's new service provider software package to easily provision the Ojo personal video phones on their technology platforms, enhancing their capabilities and increasing their speed to market.

-- Entered into an agreement with BAB Communications for the distribution of the Ojo Shadow personal video phone in Turkey and surrounding countries.

-- Entered into a distribution agreement with Aianna Corporation, a full-service global telecommunications company, to distribute the Ojo personal video phone as part of Aianna's wide array of telecommunications offerings in Africa, Latin America, Asia and Europe.

-- Completed distribution agreements in Italy with B.F. Automation and in the Caribbean with People's Telecom Jamaica LTD.

-- Contracted with Grey Goose Marketing LLC to further develop our retail distribution plan to position and showcase WorldGate's Ojo video phones and services through the marquee Big Box Retail (BBR) and specialty stores in North America.

-- Ojo received a 2006 Product of the Year Award by Technology Marketing Corporation's (TMC) Communications Solutions.

-- Announced that the Company had received a notice of allowance of its patent application for a video phone system and method. This application, containing 39 claims, all of which have been allowed, describes a video phone system as well as a method for making video phone calls.

-- Announced extended Ojo capability to interoperate with various video phones and soft clients using previous generation communications protocols and video and audio codecs, specifically, enabling Ojo to communicate with video phones using H.263 and G729 video and audio codecs and enabling utilization of the H.323 communications protocol. This added functionality also provided the ability for video phone calls to be made between an Ojo and PCs with web cam capabilities.

-- Adopted Texas Instruments Incorporated's (TI) DaVinci™ technology for the next generation of the Ojo personal video phone to reduce overall system cost while getting to market more quickly with advanced functionality.

-- Developed a new Service Provider Package that allows Ojo video phones to be more quickly and easily adapted to their networks around the world using a wide variety of technology platforms.

-- Debuted Ojo video phone on Home Shopping Network, introducing the video phone experience to millions of HSN customers.

Management Comments

During the past quarter the Company has taken a major step toward reaching profitability through its expanded relationship with Snap Telecommunications. This relationship offers the opportunity for Ojo to be installed in the homes of thousands of deaf and hard-of-hearing persons, as well for expanding Ojo's visibility and usage to the business environment, not only for the deaf and hard-of-hearing but to the general business sector. In addition, the Company believes there is a natural expansion and revenue opportunity through the offering of Ojo to the friends and families of the deaf and hard-of-hearing. The Company and Snap are working together to build further awareness of Ojo to this community. The Company commenced shipping Ojo's to Snap customers in July and expects to continue to ship products well into next year to meet the current backlog of orders. The sale of Ojo's to Snap not only results in product revenues but WorldGate also receives a usage network service fee. This special market venue also offers the opportunity to showcase the value-added benefits of Ojo to a host of market segments related to the deaf community, such as government and state agencies.

During the quarter the Company also received a notice of allowance of its patent application for a video phone system and method. This application, containing 39 claims, all of which have been allowed, describes a video phone system as well as a method for making video phone calls. The patent furthers our competitive advantage and provides additional basis for service providers selecting Ojo video phones when determining their video phone platform.

"The progress we have accomplished in the past quarter has been immeasurable toward achieving success for WorldGate. We are extremely excited about our expanded relationship with Snap and the potential of this natural market for the development of video telephony. This market is a definite foundational building block for establishing video telephony and in reaching profitability for Ojo and WorldGate," said Hal Krisbergh, Chairman and CEO of the Company. "In addition, we announced several distribution deals as well as technology and implementation advancements that continue to demonstrate the attraction Ojo holds for service operators," continued Mr. Krisbergh. "While we continue to make progress on the distribution and product development areas, our current challenge is to secure the funding necessary to realize the potential of Ojo and we are actively pursuing paths to achieve the required financing."

Edited by galtgulch
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Snap!VRS Parent Company Honored by NYC Mayor Bloomberg

Aequus Technologies Recognized for Contributions to Accessible Telecommunications

August 17, 2007

Pearl River, NY — Aequus Technologies Corp., parent company of Snap Telecommunications, Inc., was presented with an award this week by New York City Mayor Michael Bloomberg in honor of the 17th Anniversary of the passage of the Americans with Disabilities Act (ADA).

During a reception Wednesday evening at Gracie Mansion, Mayor Bloomberg and Commissioner for the Mayor's Office for People with Disabilities, Matthew Sapolin, presented an award to Aequus Technologies in recognition of the Company's contributions to accessible telecommunications for New Yorkers with disabilities under Title IV of the ADA. Specifically, the award highlights Snap!VRS for its video relay services used by people who are Deaf or Hard-of-Hearing to improve communication with people in their personal and business lives.

In attendance to receive the award from Mayor Bloomberg was Richard Schatzberg, Aequus Technologies' Chief Executive Officer.

"I proudly accept this award on behalf of all our employees, especially our certified ASL interpreters who work tirelessly 24 hours a day, 365 days a year to ensure that the Deaf community receives the highest quality video relay services possible" said Schatzberg. "I also share this recognition of our technology innovation with Worldgate Communications. Not only has Worldgate created a world-leading consumer appliance in the Ojo video phone, but has worked hand-in-hand with our Snap!VRS teams to increase the functionality of the Ojo to ensure that it is the best video phone for the Deaf community."

The Americans with Disabilities Act was signed by President George H.W. Bush in 1990 and is a landmark civil rights law which has fostered independence, empowerment and inclusion for millions of Americans.

About Aequus Technologies

Aequus Technologies Corp. is a technology products and services company with three separate divisions. Aequus VRS provides video relay services for the Deaf and Hard-of-Hearing community under the brand name Snap!VRS. Aequus DPS develops and markets digital publishing solutions designed to improve learning outcomes for all students, including students with special needs. Aequus EKS provides enterprise knowledge services to improve the effectiveness of data conversion for a variety of enterprise business processes and user needs. To learn more about Aequus Technologies, visit www.aequustechnologies.com.

About Snap!VRS

Snap!VRS is a video relay service that enables people who are Deaf, Hard-of-Hearing, or Speech Impaired to improve the connection with people in their personal and business life when they use the Ojo video phone to conduct true-to-life video relay calls through qualified sign language interpreters over a high-speed Internet connection. Using Ojo, customers dial "711" and communicate with the interpreter using sign language while the interpreter simultaneously relays the comments in spoken English to the standard telephone user. To learn more about Snap!VRS, visit www.snapvrs.com.

Media Contact:

Andrew Forti

Snap!VRS

Director of Marketing

(845) 652-7104

aforti@snapvrs.com

###

© 2007 Aequus Technologies Corp. All rights reserved. Snap!VRS is the division of Snap Telecommunications, Inc. providing video relay services. Snap Telecommunications, Inc. is a wholly-owned subsidiary of Aequus Technologies Corp. Ojo is a trademark of WorldGate Service, Inc.

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So here we have a small American company headed by a man whose passion has been video telephony. Hal Krisbergh has created a product which AT&T failed to achieve although it spent almost a billion dollars on research over twenty years.

The Ojo is the culmination of Hal's years of commitment and research. The Ojo enables you to "visit" with a loved one over the high speed internet using a modest bandwidth of as little as 100 kilobytes per second. Needless to say the existence and rapid deployment of broadband has facilitated the success of the Ojo not to mention the latest technology in the form of a Texas Instrument digital processing unit.

The picture is profoundly realistic in part because of the audio synchrony as the sound travels digitally tightly bound to the visual signal.

The cost of the phone has come down to affordable levels (MSRP was initially $799 for one Ojo, now $399 and Shadow Ojo $299) and the monthly fee is just $9.95 for unlimited video calls worldwide. One simply needs an Ojo at each end. The Ojo has been purchased by customers in at least 56 countries around the world.

Now the company has received orders from SNAP (www.snapvrs.com)for ten thousand phones and SNAP has begun to distribute the Ojo to hearing impaired and deaf people and there is a huge backlog of those who have signed up for an Ojo.

WorldGate will receive a fee as customers use SNAP's video relay service. Data suggest that usage of VRS is growing rapidly. This appears to assure profitability for WGAT in the not too distant future. In the meantime WGAT is seeking funding which is difficult in the current credit environment.

I suspect that WGAT will do whatever it can to lower their overhead to enable them to bridge the gap from here to positive cash flow with existing cash on hand. The only evidence I have of this is mere hearsay to the effect that there are fewer cars in the headquarter's parking lot. Perhaps there might have been a number of layoffs.

My positive take on these events is that Hal can see the light at the end of the tunnel and is confident that revenue will materialize from the SNAP deal as well as other deals and ventures including retail sales and contracts with other communications companies around the world.

The bottom line then is that until such revenues are manifest the stock will continue to be "volitile" meaning it will drift lower from the current thirty seven cents a share. But once such revenues do materialize and risk of closing the doors is gone the stock will begin to reflect actual value at a much higher level.

But that is me. I am in and have an interest here in promoting the product and the stock. I do not encourage anyone to invest in this struggling company. Do your own due diligence. Begin with www.ojophone.com and www.ojoworld.com and www.snapvrs.com. Better still buy an Ojo and experience it first hand. Buy two and give one to a loved one, a relative, a friend, and/or a business associate. The Ojo should be less expensive at www.tigerdirect.com or www.thenerds.net or www.101phones.com. You might have to use their own search feature to find the Ojo on their site.

galtgulch

Edited by galtgulch
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You will find the Ojo for sale online at either www.walmart.com or www.circuitcity.com if you enter Ojo in their search feature on their home page. It sells for less than the MSRP shown at www.ojophone.com

You may have noticed that the stock price jumped up about 20% last week from about 37 to close at about 48.

There might be a rumor afoot that the CEO of Motorola, Ed Zander regrets having terminated Motorola's relationship with WorldGate and might be reconsidering a renewal of their contract, if not an outright buyout! But that is just heresay with no verifiable basis.

Check out the Ojo by viewing the ojosodes and the testimonials at www.ojophone.com under heading of Community.

It might be less expensive at www.tigerdirect.com or 101phones.com

I am planning to attend the annual shareholders meeting at the company headquarters outside Philadelphia in October and will report back.

I still believe the Ojo will be the next big thing as residential videotelephony gets established.

Here is a link to another optimistic view:

http://www.itbusinessedge.com/item/?ci=29777

galt

Edited by galtgulch
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WorldGate stock price up today to 51 cents on decent volume which is always pleasant considering that the Dow Jones average was down 240 points!

I do not know just what is in the works but one thing investors here can be sure of and that is the SNAP deal with an initial order of ten thousand Ojo phones to be followed by other orders to cover the backlog. The major revenue will be WGAT's cut of the use of VRS video relay service by the hearing impaired and deaf community. Conservative estimates of revenue will lead to a stock price several times higher than it is now.

I understand that those receiving the Ojo to use are talking about how much they appreciate the features of the Ojo to enable them to communicate with loved ones or just for business. This could be huge.

www.snapvrs.com

www.ojophone.com

There may be some networking between institutes for the deaf community all over the world involving a video telephone. One wonders just which video telephone may be involved.

Proceed with caution.

galt

Edited by galtgulch
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Well the last day of August has come and gone. It was the last day in which a company in China had the option to accept an offer from Worldgate. It involved incentives to be able to exercize options to purchase shares of WGAT if certain milestones were reached which were 100K increments of Ojos ordered.

I imagine we would know about it if the mysterious Chinese company took the bait by now.

As I understand it the result might have been that Hal, CEO of WGAT, ran the risk of losing controlling interest so he may be relieved at this point.

Backchannel news is that the SNAP deal has led to substantial weekly shipping volume of Ojos to SNAP for distribution with no end in sight. SNAP may have a backlog of over 30 K subscribers. Presumably each of the new owners of the Ojo will encourage their relatives to get an Ojo, for free if they are hearing impaired or deaf, for a price if they are folks who have no hearing impairment.

Either way WGAT makes out when VRS service provided by SNAP is used or for the monthly service fee of $9.95 for unlimited video calls.

Third quarter ends with September and revenue release occurs within 45 days of the end of the month. Expected to include the 10K Ojos shipped since beginning of the quarter in July.

There may be some networking between institutes for the deaf community all over the world involving a video telephone. One wonders just which video telephone may be involved.

Of course the Ojo is not just for the hearing impaired. Check out the ojosodes and testimonials at the www.ojophone.com

website to see how happy Ojo owners are who keep in touch with loved ones or in their businesses. This still has a chance of being, as the saying goes, huge!

CompUSA appears to be selling the Shadow Ojo at a substantial discount unless there is an error. Here is your chance to own a Shadow Ojo, MSRP $299 for just $131.99 at CompUSA online! Here is the link:

http://tinyurl.com/2nkbxm

Proceed with caution.

galt

Edited by galtgulch
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Here is an admittedly not recent article on the future of video telephony but I post it for obvious reasons:

View from the Top: Video telephony

Most people living today do not remember a time before radio, television, and telephones. High school students cannot recall a time before personal computers, and kids entering first grade this September will not remember a time before mobile phones.

In a few years, people will be hard-pressed to remember the era before "video telephony" -- industry jargon for what most people refer to as video phone calls.

Indeed, we are on the cusp of a radical transformation in how people communicate; a revolution decades in the making, yet poised to sweep the world in the very near future.

Video telephony is the ultimate friends-and-family plan. It connects people face to face, over any distance, to share milestones and precious moments. Imagine grandparents in Florida seeing and talking to their newborn grandchild in California -- in real time, at eye level and with lifelike clarity -- all without leaving their living room.

In this age of e-mail, instant and text messaging, video telephony shares the personal nuances that only come from experiencing face-to-face communications. Inflections, expressions, and other non-verbal cues that are lost in cyberspace are preserved with video telephony, helping reconnect people during life's important moments.

The concept of video telephony has been around for more than 50 years, but only recently has it come to fruition. The basic technology required to transmit images and sound over the global communications network was feasible, but the infrastructure required to support practical video telephony was inadequate.

Now, a technology trifecta has made video telephony not only possible, but affordable and practical. First, the sweeping availability of broadband digital networks allows people to send massive amounts of information in real time.

Second, computer processing power has doubled every 18 months for the past 40 years, while processing costs fell to near commodity prices, and component size shrunk. Computers that once filled rooms can now fit inside a mobile phone.

A $400 handheld computer sold in 2005 is roughly 1,000 times more powerful than a $5,000 desktop PC sold in 1981. If automobile technology had advanced at the same rate, a new car would cost $10 and deliver 1,000 miles to the gallon.

Last, the ability to compress (make smaller) and decompress (return to original size) video and audio data -- in real time, with perfect synchronization, over present-day broadband networks using low-cost computer chips -- only recently became a reality.

The technology that does the compression and decompression of data is called a "codec," for COmpressor/DECompressor. Highly efficient codecs are a crucial link in the video telephony chain. Without them, real-time video telephony would simply not be feasible.

Yet, with all these technologies in place, video telephony is not without challenges. One of the biggest is the need for greater broadband network bandwidth (that is, speed plus capacity), as people around the globe flock to adopt video phones as their main communications tool.

As more and more people depend on the Internet for sharing documents, photos, videos, software, and multimedia content, the Internet will naturally slow to a crawl unless bandwidth continues to expand.

That is precisely why the major telephone and cable companies are now deploying faster, higher capacity broadband networks. It will be an ongoing, symbiotic process: the need for bandwidth will drive deployment of higher capacity networks, which will enable even more bandwidth-demanding applications, which will catalyze further bandwidth upgrades, and so on.

The move to video phones is inevitable, but it could take a few years for the technology to reach critical mass. The initial adoption hurdle -- a classic chicken-or-egg problem -- must be overcome. Owning a video phone is pointless if nobody else has one.

Early adopters will jump in first, and purchase video phones for a small group of friends, family, or business associates. They will be the Johnny Appleseeds of the video phone era, seeding the market, and pushing it towards the tipping point of mass adoption.

It is a process that occurred with the original telephone in the early part of the 20th century, with the personal computer in the 1980s, and again with the Internet in the 1990s. Next up: video phones.

As dozens, then hundreds, then thousands of people experience the low-cost, high impact pleasure of face-to-face video communications, adoption momentum will expand exponentially. It will be a slow process at first, but incredibly rapid once underway. Communications again will be revolutionized.

I will see you soon -- literally -- on the other end of the line.

Copyright 2005 by United Press International

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The Shadow Ojo is in stock online at WalMart but not yet in the store itself. Here is the review there by a satisfied customer:

Overall Rating: 5 out of 5 5 out of 5

OJO video phone, 08/22/2007

By BOCA, boca raton,fl Read all reviews by this reviewer Read all reviews by this reviewer

Value for price paid: 5 out of 5 5 out of 5

Meets Expectations: 5 out of 5 5 out of 5

We bought 2 OJOs so we could see our

daughter in college. My wife sees and talks to her everyday, as if she never left home. We are 1200 miles apart yet it feels like she''s in the room with us. The kids in her dorm think this is the coolest phone and are wanting the same for themselves. I My brother in Israel bought 3 to take back with him last month for his family members and now Joseph and I can see each other all the time. What a great product. The picture is perfect and the audio is excellent.

Recommends this product? Yes

Age: 45 - 54

Gender: Male

Has owned product for: Longer than one year

Uses product: Every day

As I understand it if you buy it from WalMart online they will ship it for free to your local Walmart for you to pick up.

Here is a link to Amazon's customer reviews:

http://tinyurl.com/2suf4v

galt

Edited by galtgulch
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I found that the Shadow Ojo is available in both CompUSA stores in Manhattan and is on sale by pick up for just $131.99. Remember you need one at each end!

You would have to check with their store finder to find a CompUSA near your own zip code for other areas to see if the Ojo is available nearer to where you are.

http://tinyurl.com/2nkbxm

galt

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More than $1 Billion Being Spent on Consumer Video Telephone Services, Says Insight Research

press release

BOONTON, NJ. June 13, 2007:

Recent Reports

The market for residential video telephony services is expected to break the billion dollar barrier for the first time this year, as an increasing number of households as well as individual cell phone users around the world start making video phone calls. According to the study, nearly $1.1 billion will be spent on residential video telephony services worldwide in 2007, according to a new market research study from The Insight Research Corporation.

Insight Research’s market analysis study, entitled “Residential Video Telephony Services Market 2007-2011,” notes that residential video telephony is part of a worldwide push by carriers to create new IP-enabled services for consumers. The study notes that consumers of wireline services and mobile telecommunications services are adopting the video telephone service along with other IP-enabled services such as fixed-mobile convergence services, file sharing services, streaming services, location-based services and presence-based services.

“I believe everyone is underestimating the impact that video telephone services will have on our lives,” says Robert Rosenberg, Insight Research. “This year it’s a $1 billion market, but visual information is how we as a species understand our world. We are visual - not auditory - beings. My guess is that among all the IP services being rolled out worldwide, real time video phone could be the service that has the biggest impact on our daily lives,” Rosenberg concluded.

An excerpt, table of contents and ordering information for “Residential Video Telephony Services Market 2007-2011” market analysis study are online at http://www.insight-corp.com/reports/ipappsrvt.asp. This 57-page report is available immediately for $795 (hard copy). Electronic (PDF) reports can also be ordered online. Visit our Website, or call 973/541-9600 for details.

For more information please contact:

Ms. PJ Conger, Marketing Director

973-541-9600

pj@insight-corp.com

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there is a website devoted to the baby community and evidently they reviewed the Ojo and have posted a review and recommendation in favor of the Ojo to their viewers. Here is the link:

http://tinyurl.com/yroep3

Those of you who read the NY Times may have noticed that the Ojo appeared in the full page J&R ad on the last page of the Science section today, September 11, 2007. It has an MSRP of $399, usually sells for $339 and is on sale for $319.

There may be a Shadow Ojo left at CompUSA in Manhattan for $131.99 while they last. One would have to pick it up at the store. Also if you register the Ojo with ojoservices.com before the end of this month and mention the coupon with the code number M5100 you can save money by paying only $89 for one year of service which is normally $9.95 per month or $110 if you pay it annually.

galt

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The library I usually go to lunchtime to read and to check the stock market on the computers is threatening to close because the Prop 2 1/2 override didn't pass and the police and firemen are going to commandeer the library budget for themselves.

So I drove eight miles to the next nearest town's public library today to check it out. A pleasant librarian was helpful in acquainting me with the place so I rewarded her by making her aware of the Ojo. I showed her the full color brochure I had obtained from WorldGate in Trevose, outside Philadelphia, and told her I was not selling it just making her aware of it!

She was impressed with the Ojo and told me that her father in law would love to have this kind of thing and she took down the website, www.ojophone.com, and more details about costs and where she might find it for less, e.g. www.101phones.com, www.thenerds.net, www.walmart.com, www.amazon.com

It is always gratifying to encounter someone to whom the realization that the Ojo exists is exciting.

I never mentioned the stock, WGAT, which closed at 40 cents a share today. God only knows if this company will remain alive long enough to become profitable.

Incredible product for those of us who value seeing the person with whom we communicate.

galt

Edited by galtgulch
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I just registered my new Shadow Ojo with www.ojoservices.com at 1 877 367 6965 and received my first Ojo video call from a friend in Rochester NY, Less than ten bucks a month for unlimited video calls anywhere in the world over broadband cable or DSL!

The picture is sharp with no breakdown, smooth motion and audio synchrony.

No wonder the Ojo is so appealing to thousands so far who are fortunate to have discovered it. You can still be the first one on your block to own an Ojo and to establish your own network of Ojo owners among family and friends.

www.ojophone.com, for more details about costs and where one might find it for less, e.g. www.101phones.com, www.thenerds.net, www.walmart.com, www.amazon.com

As I understand it SNAP is buying Ojos by the thousands and distributing them free of charge to hearing impaired and deaf people who value it to use to call their relatives and friends who use AMerican SIgn Language. But that will only help to establish the Ojo as the premier video telephone in this new market niche.

Their relatives who are not hearing impaired are buying the Ojo as well and news is spreading fast.

The Ojo is the creation of a small Pennsylvania company, WorldGate WGAT which is still on the Nasdaq for just thirty eight cents. THird quarter revenue report due out in mid November should be very positive given the large ongoing SNAP deal.

Proceed with caution if you are inclined to invest here by reading the Prospectus on www.ojophone.com site and doing Due Diligence. www.ojoworld.com for more info. I only intend to enlighten folks here about the product not to entice anyone to invest. High risk. Company running out of money. May lose Nasdaq listing. May engage in reverse split one for ten. Do not invest more than can afford to lose.

galt

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WorldGate Announces Investment of Additional $1 Million from Current Investor

Tuesday September 25, 4:25 pm ET

David Tomasello Named VP Latin America and Distribution Deal Completed For Venezuela

TREVOSE, Pa.--(BUSINESS WIRE)--WorldGate Communications, Inc. (NASDAQ: WGAT - News), a leading provider of personal video phones, today announced the completion of a private placement of $1 million of its common stock with Antonio Tomasello, a private investor and currently the largest non affiliated investor in WorldGate.

ADVERTISEMENT

The proceeds of the financing are expected to allow the Company to continue the launch and expansion of Ojo to the deaf and hard of hearing with its partner, Snap!VRS, and to provide additional working capital.

As part of the transaction, WorldGate issued 2,564,102 shares of its common stock at $0.39 per share to Mr. Tomasello. WorldGate also issued five-year warrants to purchase a total of 2,564,102 shares of WorldGate common stock, with an exercise price of $0.485 per share.

The securities sold in this private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States in the absence of an effective registration statement or exemption from applicable registration requirements. The Company has agreed to include these shares for registration in any subsequent registration filing.

The Company also announced the appointment of David Tomasello, currently a member of its board of directors, to the position of Vice President of Latin America. In this capacity Mr. Tomasello will be more directly involved in establishing distribution channels in Latin America and promoting sales of Ojo in this region. Compensation to Mr. Tomasello will be solely share based, contingent upon achieving certain sales milestones.

As a result of this new relationship with David Tomasello, and his experience in the Latin America market, a distribution deal has been concluded with Ojo Phone de Venezuela, a newly formed independent company that has licensed the Ojo name. Ojo Phone de Venezuela has committed to purchase at least 3,900 units over the next two years. An initial purchase order is imminent and the company expects to begin selling on or about October 15, 2007.

"We are very pleased that the Tomasello group continues to be believers in the potential of video telephony and in particular, Ojo, and that they have chosen to continue to invest in Ojo," said Hal Krisbergh, Chairman and CEO of the Company. "In addition, we are also excited about the Tomasello connections in Latin America and we believe their support will result in meaningful opportunities toward realizing the potential of that market for Ojo," Mr. Krisbergh continued.

http://biz.yahoo.com/bw/070925/200709250...

Sentiment : Strong Buy

Proceed with caution if you are inclined to invest here by reading the Prospectus on www.ojophone.com site and doing Due Diligence. www.ojoworld.com for more info. I only intend to enlighten folks here about the product not to entice anyone to invest. High risk. Company running out of money. May lose Nasdaq listing. May engage in reverse split one for ten. Do not invest more than can afford to lose.

galt

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I'm thinking of calling this thread:

One Small Voice

:)

Michael

Michael, I appreciate your sense of humor, but this is a serious business.

For one thing I do have a Shadow Ojo registered with www.ojoservices.com and if anyone else here buys an Ojo and registers it, all they have to do is supply me with their email address and I will send them my phone number so they will have someone to call and to see!

I have used the Ojo to talk with a friend in Rochester NY and the picture is clear with smooth motion. That means it is so realistic it is as if he is sitting across the table from me. The audio synchrony also contributes to its profound realism. The voice and movement of lips is natural and in synch. Keep in mind UNLIMITED VIDEO CALLS FOR JUST UNDER TEN DOLLARS A MONTH over Broadband cable or DSL worldwide wherever broadband is available.

Here is a copy of a brief press release which appeared on www.streetinsider.com regarding the outlook for WGAT:

<<<"MDB Capital Upgrades WolrdGate (WGAT) to Buy

09-26-2007 12:07:28 PM

MDB Capital upgrades WolrdGate (Nasdaq: WGAT) from Neutral to Buy with a $1.50 price target. The firm said prospects have improved.

The firm said, "Recent discussions we've had with the management of SnapVRS reflect excellent progress in rolling-out thousands of Ojos to the hearing impaired community." They also said, "Our model has been revised to pull-in breakeven for WorldGate from the third quarter of 2008 to the 1st quarter."">>>

The stock was up to $0.43 on over 300K volume. If their forecast is correct this could nearly quadruple before the end of the winter!

I don't mind if I am virtually the only poster on this thread. It is just meant to make fellow Objectivists who have loved ones who might travel or live at a distance aware of the latest and best video telephone.

The price of the phone itself is coming down. Was $799 and now just over $300 for the original which has a detachable cordless and a phone jack for audio calls. The Shadow Ojo is dedicated to video and the quality of the picture and sound is superb with cost of just over $200. Even Walmart online store has the Ojo with free delivery to your local Walmart.

I will keep all of you who might be following this informed of news.

galt

Edited by galtgulch
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The price of the phone itself is coming down. Was $799 and now just over $300 for the original which has a detachable cordless and a phone jack for audio calls. The Shadow Ojo is dedicated to video and the quality of the picture and sound is superb with cost of just over $200. Even Walmart online store has the Ojo with free delivery to your local Walmart.

I will keep all of you who might be following this informed of news.

galt

]

What is the bandwidth of this device?

Ba'al Chatzaf

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