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myPhotopipe.com Comments on Upbeat Data
on Digital Photo Processing
Thursday April 19, 2007
ATLANTA, Apr. 19, 2007 /PRNewswire-FirstCall via COMTEX News Network/ --
myPhotopipe.com, Inc. (Pink Sheets: MPPC.PK),
a web-based online provider of digital photo processing and related
services, today commented upon an independent industry association
report showing exceptionally strong double digit growth in prints
processed from digital images and triple digit growth in online
ordering from online processors.
The Photo Marketing Association ("PMA") this week released data on digital photo printing through various retail channels . According to the PMA report (download PDF file here), 2007 was another excellent year for processors of prints from digital photographs. Overall, prints made from digital images increased 46%, while online ordering as a sales channel grew at a rate of 114%, in the 12 months ended January 2007. Households ordered 11.5% of their digital photos online and had them delivered via mail, compared with a 9.4% market share in the corresponding year-earlier period.
"The numbers are up across the board," noted L. Douglas Keeney, Chief Executive Officer of myPhotopipe.com, Inc. "Even better, our focus on online ordering is proving out in the marketplace. Three years ago, industry observers expected 'kiosks' to be the next big thing in digital photo processing. We disagreed. In our experience, consumers generally migrate towards the easiest, fastest, most convenient ways to purchase products and services, and ordering digital photo prints online is hard to beat for speed, convenience and even price. We committed to this segment and to an online business model, and for the PMA to report a 23% increase in our channel's share-of-market and an increase of 114% in online activity is a powerful testament to our vision of the future."
Since 2005, 'prints ordered online and received via mail' have increased from a 7.7% of all digital-still camera image prints to an 11.5% market share. In that same period, the market share for 'kiosks' has declined from 18.5% to 13.9%. Prints made with home printers continued to decline in market share last year, as they have for each of the past three years.
"I can think of few industries that are
enjoying such buoyant growth. These industry statistics illustrate
the powerful momentum and overall strength of the digital photography
market and how they contributed to myPhotopipe.com's 86% increase
in full-year sales and a 162% increase in sales during the fourth
quarter of 2006," concluded Keeney.
About myPhotopipe.com, Inc.
myPhotopipe.com, Inc. is a web-based (2.0) online provider of digital photo processing, photo finishing, photo sharing, and related services. The Company’s unique blend of 104 print options, combined with manual print inspections and professional color management, have positioned myPhotopipe.com as one of the fastest-growing providers of digital photography services for professionals and serious amateurs.
The Company is headquartered in Atlanta, Georgia, and its common stock is listed on the OTC Pink Sheets under the symbol “MPPC”. Additional information is available on the Internet at www.myPhotopipe.com.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are subject to the “safe harbor” created by those sections. Such forward-looking statements are based upon current information and expectations regarding myPhotopipe.com, Inc. These statements speak only as of the date on which they are made, are not guarantees of future performance, and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results could materially differ from what is expressed, implied, or forecast in such forward-looking statements.
myPhotopipe.com, Inc. assumes no obligation to update the information contained in this release. Any forward-looking statements in this press release may be materially impacted by any number of factors, any or all of which could have a negative impact on sales, operating results, financial and budgetary constraints. The statements made herein are independent statements by myPhotopipe.com, Inc. The inclusion or mention, if any, of third parties in this press release does not represent an endorsement of any myPhotopipe.com, Inc. products or services by any such third party.
For more information contact:
L. Douglas Keeney,
CEO 1- 404-881-3855 1670 Northeast Expressway OR RJ Falkner & Company, Inc., |
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