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PhotoChannel Signs Agreement with Kodak China PhotoChannel to provide and operate Imaging Network for Kodak in China Vancouver, BC - May 28, 2008- PhotoChannel Networks Inc. (TSX-V: PN and OTCBB: PNWIF) ("PhotoChannel" or "PNI") the leading innovator in online digital media solutions for retailers announces it has signed an agreement with Kodak (China) Investment Company Limited to provide and operate Kodak's imaging network in China. PhotoChannel's network and software expertise will enable Kodak Express stores in China to transmit digital versions of personalized photo products created in the store, such as PhotoBooks, to a Kodak production facility. The products, created on Kodak Software, are delivered by the PNI software solution through direct connection with the Kodak Software in the store for transaction, credit clearance and transport of the digital copy to the Kodak production facility whereby the physical product is created and shipped back to the store. There will be 800 Kodak Express stores connected to the platform in 2008. "With this agreement PhotoChannel is now truly the worldwide leader in delivering image processing transactions," says Peter Fitzgerald, Chairman and CEO of PhotoChannel. "We are now operational in five continents with dominant positions in all. The versatility of our platform is showcased here as Kodak's software solution is the front end of this system and PNI is delivering the back end transaction clearing and image transport capabilities, all under our enterprise class monitoring, tracking and financial reporting systems. We are very pleased to partner with Kodak in offering this new and unique solution for the Chinese marketplace." "PhotoChannel's software has complemented our solution and helped us deliver a unique, state-of- the-art solution with the capabilities we need to capitalize on an emerging and immense opportunity in China," says Kodak Retail Printing Director - Asia Pacific, Terence Chiu. "The PNI platform will allow the Kodak Express stores in China to sell new revenue generating products by providing the operational and transactional workflow for our business. We look forward to realizing this significant opportunity with our partner PhotoChannel." About PhotoChannel-
Founded in 1995, PhotoChannel operates PNI Digital Media to provide services for major retailers, wireless carriers and content providers. The PNI Digital Media Platform connects consumer ordered digital content with retailers that have on-demand manufacturing capabilities for the production of merchandise. PNI Digital Media generates millions of transactions for major retailers around the world.
About Eastman Kodak-
Kodak is the world's foremost imaging innovator. With sales of $10.7 billion in 2006, the company is committed to a digitally oriented growth strategy focused on helping people better use meaningful images and information in their life and work. Consumers use Kodak's system of digital and traditional products and services to take, print and share their pictures anytime, anywhere; Businesses effectively communicate with customers worldwide using Kodak solutions for prepress, conventional and digital printing and document imaging; and Creative Professionals rely on Kodak technology to uniquely tell their story through moving or still images.
For More Information, Contact: PhotoChannel Networks Inc. Mr. Kyle Hall or Ms. Niti Maini
Website: www.photochannel.com |
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