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October 17, 2006 myPhotopipe.com, Inc. Completes Integration of Gallery Works Acquisition.
Internet 2.0 web site for digital photographers names Casolo
to oversee Image Management
Atlanta, Georgia. myPhotopipe.com, Inc. (OTC:
MPPC) today announced that the recently acquired photo labs operating
under the tradenames of Gallery Works (Charlotte) and Gallery Works
(Atlanta) were now fully consolidated into the company’s overall
operations. The $350,000 deal (approximate revenues) included equipment
that nearly doubled myPhotopipe.com’s core production capacity
and added new digital tools for online transactions. As part of
the consolidation of operations, Gallery Works’ President
Eric Casolo was named Director of Image Management. myPhotopipe
acquired Gallery Works in two separate transactions that closed
earlier this summer (www.myphotopipe.com).
“We saw four things when we acquired Gallery
Works. We saw a good customer base, profitable revenues, talented
people to strengthen our bench, and the opportunity to nearly double
our manufacturing capacity,” said myPhotopipe CEO L. Douglas
Keeney. “Integration of production lines was the final step
and now that’s done. Eric Casolo will head up Image Management
which oversees everything we do in color management, color correction,
retouching, and more, company wide.”
Gallery Works was known as a ‘lab within
a lab’ specializing in a high-end, high-touch approach to
digital photo processing. “They made great prints and their
quality matched our own,” said Keeney. “Plus they developed
a great business servicing the needs of movie studios and film production
companies as well as tools to offer online hosting and selling for
photographers nationwide.”
myPhotopipe.com is a web based online service
that offers digital photo processing, photo finishing, photo books,
online sharing, online hosting and selling, and online storage.
“The underlying economic driver of our
business is simple. Digital cameras have enabled the average Joe
to make a spectacular photograph and when a person makes a spectacular
photograph they want it on their walls and, with the growth in high-speed
Internet access, they can order a print with one or two clicks of
their mouse,” said Keeney. “Better cameras. Better photos.
More orders for us. That’s a cycle, and it’s not ending
soon.”
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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