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Press Release

LIFEPICS RECOGNIZED FOR INNOVATIVE PRODUCTS AND SERVICES

LifePics Wins 2003 IQ Award

Boulder, CO., July 28, 2003

LifePics, a leading provider in business-to-business Internet digital photography solutions, announced today that it has been named as a 2003 IQ Innovation Award winner. The awards were announced Thursday evening, July 24, as the Boulder County Business Report recognized area companies and organizations for their innovative products and services. LifePics won in the category of Internet technology.

At a time when the economy is still trying to rebound, the Boulder County Business Report honored those businesses, which have been able to rise up, survive, and porsper. A panel of five top business people voted on nominees, all from within Boulder and Broomfield counties. Jerry W. Lewis, editor and co-publisher of The Boulder County Business Report, chaired the panel. The judges looked at innovation, creativity, strength, and long-term viability.

"We are extremely pleased to have received the 2003 IQ Award," said Vahe Christianian, president and ceo of LifePics. Companies previously recognized by the Boulder County Business Report, have made significant contributions to the markets they serve and to our community. I feel confident that LifePics will do the same."

About LifePics

The mission of LifePics is to become the leading provider of Internet digital photography infrastructure, ecommerce technology and intellectual property based on the company's proprietary LifePics architecture for online image storage retrieval and fulfillment to retail partners in the imaging field. The company's business areas include integrated digital photography and web based applications and ecommerce software, as well as licensing of the LifePics architecture to its network of dealers. Headquartered in Boulder, Colorado, LifePics is a privately held Delaware corporation. LifePics was founded in April 2000 by leading imaging industry visionaries. For additional information regarding LifePics, please visit our web site at www.LifePics.com.