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Press Release

Independent Photo Imagers (IPI) Announces Strategic Relationship with LifePics, Inc. as an Approved and Recommended Online Imaging Solutions Provider

 

Boulder, CO, September 16th, 2002

With over 440 locations across 46 states, Independent Photo Imagers (IPI) has announced a partnership with LifePics to provide to their network of dealers a comprehensive private branded online imaging solution. IPI members will be able to offer complete online imaging services including digitized film and shoebox upload services, fast local digital print fulfillment from the Internet, image viewing and editing, album creation, sharing and image archiving for their respective customers.

"With some members seeing some softness with traditional photofinishing services, Online Imaging services add significant value, offering new revenue sources and one of the highest customer retention programs in the industry," said Brent Bowyer, president of IPI.

LifePics currently offers their comprehensive Online Imaging Solution to over 100 storefronts nationwide.

"We are pleased to expand our national base by providing a competitive advantage via our private branded online imaging services to the IPI members, and look forward to a very lucrative relationship," said Vahé Christianian, President and CEO of LifePics, Inc.

About LifePics

The mission of LifePics is to become the leading provider of Internet digital photography infrastructure, e-commerce 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 e-commerce 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.

About IPI

Independent Photo Imagers' (IPI) members own and operate in excess of 440 business locations providing analog and digital photofinishing services, portrait and photography services, graphics and photo restoration services, retail sales of photo related products and software, retail sales of analog and digital cameras, and retail sales of other goods, products and services.

IPI provides its members and its strategic partners the benefits of group buying for photofinishing consumables; photofinishing and digital imaging equipment; retail goods and products and services; cyber and face-to-face national networking; national marketing and advertising; education and fun. The association has grown continuously since its inception in 1983 and enjoys an average current increase in new members at approximately twenty percent per year. It is headquartered in Charleston, West Virginia and has members throughout the continental United States and Hawaii.