Photo Development On-Line

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)
UK 100

Latest directors dealings