Photo-Me International PLC
26 June 2000
PHOTO-ME INTERNATIONAL AND WEBPHOTOS.COM COMBINE
TO OFFER PHOTO DEVELOPMENT OVER THE INTERNET
Photo-Me and WEBPHOTOS.COM of Maryland, USA, have agreed to
develop WEBPHOTOS.COM's portal for storing, sharing and
printing photographs on-line. This portal will benefit from
the recent launch of Photo-Me's DKS digital minilabs.
Photo-Me will allow WEBPHOTOS.COM to access its international
network of retailers equipped with DKS digital minilabs. The
combination of DKS digital minilabs and WEBPHOTOS.COM will
allow images, received on-line through the network, to be
processed and printed and sent back to the customer by mail.
In each country where Photo-Me sells the DKS digital minilabs,
WEBPHOTOS.COM will offer to equip the DKS digital minilab with
personalised portals powered by WEBPHOTOS.COM software.
Photo-Me has acquired 20 per cent of the outstanding shares of
common stock of WEBPHOTOS.COM, and there has been an option to
acquire a further 10 per cent.
Photo-Me is currently negotiating with other leading
photographic portal companies in Europe, the USA and Japan
with a view to developing a worldwide network in this field in
order to fully maximise the potential of the DKS digital
minilab in the new market of on-line photo-processing. This
agreement with WEBPHOTOS.COM is the first step in developing
an online photo-processing system based around the DKS digital
minilab.
Serge Crasnianski, CEO of Photo-Me, stated 'Photo printing,
combined with sharing and storing, is the way to make money
out of photo development over the Internet. This deal with
the well-regarded WEBPHOTOS.COM has been made possible because
of Photo-Me's leadership in on-line digital photo-processing
technology. In time, this business could yield attractive
returns.'
Notes to Editors:
Photo-Me is a major manufacturer of photograph developing
equipment as well as the world's leading operator and
manufacturer of photobooths, much of which uses digital
technology.
WEBPHOTOS.COM is a leading digital photo hosting and sharing
community that offers its members a wide array of information
and services including public and secured private photo
albums.
Enquiries:
Photo-Me International plc 01372-453399
Serge Crasnianski (CEO) 00 33 6 11 95 63 63 (mobile)
Bankside Consultants Limited 020-7220 7477
Charles Ponsonby 01993-811717 (weekend)
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